Taxes

October 19, 2017

Trump’s Tax Plan

On September 27 of this year Congressional Republicans and President Trump released their plan for tax reform. You can read whole thing at this link:  https://www.treasury.gov/press-center/press-releases/Documents/Tax-Framework.pdfRead More
February 9, 2016
Powers & Neal 6730 N. Scottsdale Rd., Ste. 290, Scottsdale, AZ 85253 480-699-7992

Can My LLC Be Taxed As An S-Corporation?

Question:  Can my LLC be taxed as an S-corporation? Answer:  Yes. One of the great features of a limited liability company is that it has numerousRead More
January 25, 2016
Powers & Neal 6730 N. Scottsdale Rd., Ste. 290, Scottsdale, AZ 85253 480-699-7992

Do I Need A Living Trust?

Question:  Do I need a living trust? Answer:  It depends on your family situation, assets and estate planning goals. First, what is a living trust?  ARead More
December 12, 2013
Qualified Domestic Trust

Qualified Domestic Trusts – When a Spouse Isn’t a U.S. Citizen

Estate planning can become a bit tricky if your spouse is not a U.S. citizen.  Why?  For estate tax purposes, U.S. citizens have a huge taxRead More
October 9, 2013
7 Non-Tax Reasons to Plan

7 Non-Tax Reasons to Plan

There is a common misconception that estate planning is only for the wealthy so they can minimize their tax liabilities.  While this is one part ofRead More
August 3, 2013
Estate and Gift Taxes After the Fiscal Cliff

Estate and Gift Taxes After the Fiscal Cliff

Many people are wondering what happened to the estate and gift tax laws as a result of the last minute law passed by Congress. For theRead More
July 29, 2013

James Gandolfini’s Estate a Tax Disaster

The taxman is coming. The late James Gandolfini left his heirs an estimated $70 million. However, because of poor estate planning, his heirs will owe aRead More