Newsletter

Winter 2017

January 02, 2018
  • Life has its unexpected twists and turns, and not everyone makes life decisions years in advance. Consider, for example, these scenarios that might prompt you to want to sell your business in, say, the next six months: You fall on ill health and can’t continue as you have been. Your spouse gets a job in another state and together you decide to make a new start somewhere else. You decide, somewhat...
  • People who receive a regular paycheck from an employer often don’t think too much about paying income taxes. That’s because income taxes are usually withheld from their gross pay and submitted to the IRS by their employer. However, some individuals — typically sole proprietors, independent contractors and partners and LLC members — don’t have taxes automatically withheld from their income. They...
  • In the coming weeks, many individuals will start the process of getting ready to file their 2017 federal income tax returns. Most people focus on preparing Form 1040, but if you made gifts in 2017, you also might have to file Form 709: a gift tax return. When Form 709 Must be Filed The IRS has detailed specific circumstances in which Form 709 must be filed. In general, you must file this form if...