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Posted in Firm News on January 23, 2020
This question was recently posed to me by a family member. Beth is a trained surgical nurse and has worked in the medical field for over 15 years. Unfortunately , she has gone through a divorce and has kids at home. The 12-hour shifts she is required to work at the hospital have made it… (Keep reading)
Posted in Firm News on January 8, 2020
Although shareholders, directors and officers are not usually personally liable for a debts of a corporation, Nevada has codified the common law “piercing the corporate veil” or “ alter ego” doctrine. NRS 78.747 provides that there is no such personal liability, unless that person acts as the “alter ego” of the corporation. A stockholder,… (Keep reading)
Posted in Firm News on December 31, 2019
The IRS will be increasing tax compliance. They are specifically looking at Tax Fraud. One area they will be concentrating on is cryptocurrency, another is excess or fraudulent charitable write offs and last but not least out-standing payroll taxes by employers.
Posted in Firm News on December 16, 2019
Here is a quick update on the 2019 deductions, credits and contribution limits for some common tax items. The 2019 standard deduction for a single person is $12,200, for Head of Household, $ 18.350 and for Married Filing Jointly, $24,400. The new standard deductions available have resulted in many more taxpayers using the standard deduction… (Keep reading)
Posted in Firm News on November 21, 2019
Most of us have days we would love to stay in bed, but we end up going to work or being around loved ones carrying the bad mojo with us. Work is definitely a place where we want to be at our best. Our attitude makes all the difference in the world to co-workers and… (Keep reading)
Posted in Firm News on November 6, 2019
Are you violating securities laws by raising money for your business through the issuance of a promissory note? Most people know that the purchase and sale of instruments such as stocks and bonds are securities, making such investments subject to both federal and state securities laws. This may mean an expensive registration process or… (Keep reading)
Posted in Firm News on September 16, 2019
For years an “S” Corporation was not able to have a non-resident alien be a shareholder. However the treasury department has issued a regulation to amend regulations to electing small business trusts (ESBTs) that are grantors.