by Leslie Marenco | Jun 5, 2015 | Articles, Celebrity Estates, Income Tax, IRS
Al Capone, head of the most profitable crime syndicate of the Prohibition Era and mastermind of the notorious 1929 “Valentine’s Day Massacre,” seemed above the law. In the end, however, Capone would be brought to justice not for murder, extortion,...
by Leslie Marenco | May 14, 2015 | Articles, IRS
Many small businesses rely on independent contractors for their staffing needs. There are many benefits to using contractors over hiring employees: Savings in labor costs; Reduced liability; Flexibility in hiring and firing. BUT Why Does It Matter? Mis-classification...
by Leslie Marenco | Apr 10, 2015 | Articles, Estate Planning, Estate Tax, Gift Tax, Income Tax, IRS
The recession made many parents and grandparents into personal bankers, making loans to strapped children or grandchildren to help them cope with unemployment or other financial misfortune. However, family loans need to be prepared properly to avoid tax...
by Leslie Marenco | Apr 10, 2015 | Articles, Gift Tax, Income Tax, IRS
April 15 is not only the deadline for filing your state and federal income tax returns, but also the deadline for filing gift tax returns via IRS Form 709. Many people are confused about the subject of gift taxes. While only two states — Connecticut and...
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...
