by hoodlawkc | Estate Planning
When we talk about helping an elderly parent manage their affairs during their golden years, or wrapping them up after they pass, we often talk about certain practical considerations that fall outside of the strict legalities of wills, trusts, and powers of attorney....
by hoodlawkc | Tax Planning, Business Law, Business Planning, Tax Law
An important new set of reporting requirements is on the horizon for most business owners, including many people who own rental properties. On September 29, 2022 FinCEN issued final rules with respect to the Corporate Transparency Act, an underreported but impactful...
by hoodlawkc | Estate Planning
A power of attorney (POA) is a legal document that allows you to appoint someone else to make decisions on your behalf. This can be especially useful if you become incapacitated or otherwise unable to make decisions for yourself. There are several types of powers of...
by hoodlawkc | Tax Planning, Tax Law
Greenbacks for Green Energy Clean Energy Tax Credits and Rebates in the Inflation Reduction Act President Joe Biden signed the Inflation Reduction Act into law. In addition to provisions such as increased IRS funding, tax increases on large corporations, and...
by hoodlawkc | Tax Planning, Tax Law
Wealthy taxpayers with particularly creative or aggressive tax reduction strategies may be concerned by the roughly $80 billion being added to the Internal Revenue Service’s budget over the next ten years, particularly with the roughly $45.6 billion allocated to...
by hoodlawkc | Tax Planning, Business Law, Business Planning, Tax Law
1031 Like-kind Exchanges: How the Treasury Revenue Proposals could affect the deferred gain[1] What is the Current Law? When owners of appreciated property that is used in a trade or business or is held for investment decide to exchange such real property for other...
