by Leslie Marenco | Feb 27, 2015 | Articles, Income Tax, IRS, Trusts
Shifting income is a time-honored tactic of the wealthy to save taxes. Income is “shifted” or moved to a family member in a lower tax bracket. Historically, shifting was done by moving money-making assets to a company or trust “owned” by...
by Leslie Marenco | Feb 3, 2015 | Articles, Estate Tax, Gift Tax, Income Tax, IRS
SORRY FOLKS! No interesting or exciting article this time! However, if you don’t procrastinate and get this done now, you will thank me later! January 15, 2015 – Deadline to pay the fourth quarter estimated tax payment for the year...
by Leslie Marenco | Jan 8, 2015 | Articles, Celebrity Estates, Estate Planning, Estate Tax, High Net Worth, Income Tax
Was Joan Rivers domiciled in New York or California? Think it doesn’t matter? Think again! This little distinction could cost her estate millions and millions of dollars!! When comedian Joan Rivers passed in September, she left her estimated $150 million estate...
by Leslie Marenco | Jan 8, 2015 | Articles, Asset Protection, Business/ Corporate Law, Estate Tax, Income Tax, Inheritance, IRS, Non - US Citizen, Probate, Real Property / Real Estate
Many individuals who live outside of the U.S. like to purchase real estate in America or invest in the U.S. Stock Market. It can be much safer than in investing in other parts of the world and often times the individual has children who have moved to America to live...
by Leslie Marenco | Jan 1, 2015 | Articles, Business/ Corporate Law, Income Tax, IRS
I am actually writing this article to poke a little fun at my partner Leslie, who seems to be out and about this time of year more hours of the day than actually in the office. For business owners, entertaining clients, current and potential, is a time-honored...
by Leslie Marenco | Dec 12, 2014 | Articles, Gift Tax, Income Tax, IRS
Not many people would view the IRS as a charitable organization, but you might if you plan your gifting appropriately – i.e., in a way that will benefit you on your income and gift taxes. Here are guidelines when gifting to charity or your own family members...
