See these key tax savings strategies.
Poor Planning by the Taxpayer Yields Victory for the Tax Collector in Forming Family Limited Partnerships and Family Limited Liability Companies
Two recent cases: one by the United States Tax Court and the other by the Pennsylvania Commonwealth Court, demonstrate that deathbed estate planning and lacking nontax purposes in transferring assets to family limited partnerships or limited liability companies are perilous.
Thinking about operating a small business out of your home? Well, there are basically two types of businesses that operate from the home. One is taking home paperwork from the job, and the other is operating an altogether separate business.