Resources

Question: Should I file a Federal estate tax return for my wife’s estate even though the value of her assets is less than the estate tax exemption?

The determination is significant because different tax treatment results from the classification of the representatives.

Question:        I have a vacation home that I want to leave to my three children but I am not sure how to do so.  Do you have any suggestions?

Question: I deal in cryptocurrency through my business. Customers sometimes pay me in Bitcoin and I sometimes use Bitcoin to pay suppliers. Will these transactions be treated as if payment was made in cash?

Many sales representative organizations, like other businesses, are structured as limited liability companies (LLCs). The preponderance of LLCs with more than one member are treated as partnerships for tax purposes.