Couple writing a succession plan to minimize taxes

Maximizing Tax Efficiency Through Estate & Business Succession Planning

Estate and business succession planning are two closely related areas of law that can both serve similar purposes. One reason that individuals, families, and small business owners choose to avail themselves of planning is to minimize taxes. If you’ve never created an estate or succession plan or it’s been a while since...

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Tracy Craig quoted

Tracy Craig Featured in Business Insider on Inheritance Tax

Tracy Craig, Chair of our Trusts and Estates Practice Group, has been recently quoted in a Business Insider article discussing the complexities of inheritance tax. The article delves into the mechanics of inheritance tax, who is liable to pay it, and strategies for effective tax planning.

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Tax Attorney explaining document to client

1031 Exchange FAQ

A 1031 exchange allows an individual to sell investment assets and reinvest the proceeds in a similar type of investment, thereby bypassing the capital gains tax that would normally need to be paid. It is essentially a swap of one investment property for another, deriving its name from Section 1031 of the...

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Small Business Owners and the Annual Tax Crunch

Before you file away last year's paperwork, make sure you review everything and set aside any information that you need to file taxes. This can include employment records, donations and receipts for work expenses. You can also collect the tax forms you will need to file and review them. Having these in advance can give...
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Are you looking to invest in an Opportunity Zone?

Have you heard about a new investment program called the Opportunity Zone? The tax act of 2017 created an incentive program for long-term investments in urban and rural areas of low-income across the country. When you re-invest your unrealized capital gains into an Opportunity Fund, it qualifies for several tax incentives....
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How to use your 2018 tax return to guide investment in 2019

Not every investment is a winning one. If the value of your investments took a hit in 2018, it can discourage you from investing in 2019. Luckily, you can usually get a tax break on losses through declaring a capital loss deduction. This could result in valuable savings on your 2018 tax return.

What is...

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