Today, the Internal Revenue Service ("IRS") issued Notice 2014-21 regarding some federal tax prinicples associated with transactions utlizing virtual currency, such as Bitcoin. Read More»
An advance healthcare directive, such as a living will, is a legal document that sets forth a person’s end-of-life healthcare treatment desires.
On Wednesday, Presdient Obama signed an executive order directing the U.S. Department of the Treatury to create a new type of retirement saving account called a "MyRA". Read More»
While there are over 50 federal tax provisions that expired at the end of 2013, the following are especially noteworthy to many: Read More»
A limited liability company, or LLC, is a flexible, unincorporated limited liability entity organized pursuant to state law that is often used to structure both small and large businesses alike. One key characteristic of an LLC is flexibility as to how the LLC is taxed pursuant to federal law. Read More»
The Jumpstart Our Business Startups ("JOBS") Act was passed in 2012 to increase business' access to capital. Perhaps two of the most notable provisions of the JOBS Act require the Securities and Exchange Commission ("SEC") to promulgate rules that: (a) provide an exception to "the prohibition against general solicitation or general advertising" for offerings made pursuant to Rule 506 and (b) enable equity crowdfunding. Read More»
Section 1031 of the Internal Revenue Code ("IRC") allows taxpayers to defer paying taxes associated with long-term capital gain on the sale of eligible property used for business or investment purposed by "exchanging" such property for like-kind property.
We are often asked by our estate planning and probate clients for advice about what they should do when a loved one dies. Read More»
Both limited liability companies and corporations are limited liability liability entities formed pursuant to state law. Read More»