What Is a Qualified Personal Residence Trust?
Sep 02, 2025
Top 3 Key Takeaways: Read the full article here: With the uncertainty surrounding the future of the lifetime gift and estate tax exemption, which is set to be cut in…
What IF I Have to Shut My Business Down in…
May 08, 2025
On April 9, the Trump administration announced a 90-day pause on what it had termed “reciprocal tariffs” for nearly 60 countries plus the European Union, while leaving in place a minimum 10%…
Corporate Transparency Act Update
Dec 23, 2024
In a major update today, the U.S. Court of Appeals for the Fifth Circuit granted a stay of the district court’s preliminary injunction enjoining the Corporate Transparency Act (CTA) entered in…
Charitable Remainder Annuity Trusts (CRATs)
Nov 27, 2024
What is a Charitable Remainder Annuity Trust (CRAT)? A CRAT is a type of Charitable Remainder Trust (CRT), and is specifically designed to provide a steady income to one or…
Exploring the Three Types of Charitable Remainder Trusts (CRTs): SCRUTs,…
Nov 27, 2024
Key Differences among CRTs Charitable Remainder Trusts (CRTs) are powerful tools for charitable giving, philanthropy and financial planning, offering individuals a way to secure income, avoid capital gains taxes, and…
Alert! Beneficial Ownership Reporting for Foreign Companies Doing Business in…
Nov 24, 2024
As 2024 draws to a close, the beneficial ownership information reporting deadline is looming fast for existing reporting companies. This requirement was imposed by the Corporate Transparency Act (CTA) that…
Income Tax Limits on Charitable Deductions
Nov 18, 2024
Understanding Income Tax Limits on Charitable Deductions Income Tax Limits Table Recipient Organization Type of Gift Deduction Limit Valuation Public Charities, Donor-Advised Funds, Private Operating Foundations (50% Orgs) Cash 60%…
Operating vs Non-Operating Foundations
Nov 18, 2024
Private Operating Foundations vs. Non-Operating Foundations: Key Differences for Philanthropic Success In the world of charitable giving strategies, private foundations offer individuals and families a unique opportunity to create a…
Rules Regarding Public Charities
Nov 18, 2024
One of the main distinctions the IRS has established that distinguishes public charities from private foundations, is the broad base of support from the public that is required to establish…
Understanding California Private Retirement Plans
Nov 12, 2024
When someone has, through hard work and good fortune, built up substantial assets, the threat of losing a substantial chunk of it to creditors or as the result of a…
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