What happens if I die before the QPRT term ends?

If you pass away during the trust term, the full value of the residence is brought back into your taxable…

How does a QPRT reduce estate and gift taxes?

When you create a QPRT, the IRS discounts the value of the gift to your beneficiaries because you are keeping…

What is a Qualified Personal Residence Trust (QPRT) and how…

A QPRT is an irrevocable trust that allows you to transfer your primary residence or vacation home out of your…

What are the significance of Reps and Warranties in M&A…

Following appropriate due diligence by the buyer, the Reps and Warranties in any purchase agreement are heavily negotiated. If ever…

Can I avoid Federal Capital Gains Tax?

Possibly, if the business stock qualifies for Federal Capital Gains Tax treatment under Section 1202 as Qualified Small Business Stock…

Should I form an LLC?

Forming an LLC can provide several advantages with minimal disadvantages. LLC members can qualify for certain tax deductions, including reduced…

How should my entity be taxed?

It depends what your objectives are. For example, how many shareholders the company will have, will there be foreign or…

What is an 83(B) Election?

An 83(b) Election gives those who hold restricted stock the option to pay taxed based on the current value of…

What is a Deferred Sales Trust?

A Deferred Sales Trust allows for an investor’s assets to be transferred to a trust managed by a third party…

What is the 25102(f)?

Section 25012(f), also referred to as the Limited Offering Exemption, of the California Corporations Code states that equity issuances to…