More U.S. Taxpayers Admit to Secret Swiss Accounts
Why Swiss Bank Clients Who Can’t Stand the Heat Are Getting Out of the Kitchen Every July, people from around the world descend upon a small village in Spain called Pamplona for the fiesta of San Fermin. Encierro, or “The Running of the Bulls,” is the event at the heart of the fiesta. The fiesta […]
A Powerful Way To Plan: The Grantor Retained Annuity Trust (GRAT)
A Grantor Retained Annuity Trust, or GRAT for short, is a special type of irrevocable trust that allows the Trustmaker/Grantor to gamble against the odds and, if the Trustmaker/Grantor plays their cards right, then a significant amount of wealth can be moved down to the next generation for virtually no estate or gift tax dollars. […]
New Jersey Clamping Down on Tax Evasion in The Small Business Community
The Internal Revenue Service takes great pleasure in auditing individuals who own their own small businesses. Why target these “moms and pops?” For the simple reason that they often deal in cash and keep two sets of books. Add in possible sales tax violations and before you know it auditors from the state revenue department […]