Timely Opportunities
Estates
Disputes Arising Over a Power of Attorney
As members of the Baby Boomer generation continue to age, many of them are making sure that their estate plans are in order. One important document that fits into an estate plan is a power of attorney. However, while creating a power of attorney for someone to act on your behalf is generally a good […]
Business Law
Sell (or Buy) a Corporate Business With a Tax-Free Reorganization
There are two basic ways to sell an incorporated business — sell the assets or sell the stock. For two good tax reasons, sellers usually prefer stock sales: 1. Assuming you’ve owned the shares for more than a year, your profits will generally be taxed at a maximum federal rate of 20%. This applies equally […]
Video
IR and ShawnCoulson
Timely Opportunities
Should You Transfer Your Home to Your Adult Child?
A “working condition fringe benefit” is tax-free to your employees and deductible by your company. To qualify for this tax-favored treatment, however, the expense must be “ordinary and reasonable” under the circumstances. In addition, if the benefit involves recreation, amusement or entertainment, the expense Taking a Business Cruise? Here is what the IRS says about […]
Timely Opportunities
Small Business Alert: Take Advantage of the WOTC for New Hires
General Litigation
Want to Make a Federal Case Out of It?
You may have heard someone say: “Don’t make a federal case out of it.” But what happens if you do want to commence a federal case? Both the federal government and each of the state governments have their own court systems that hear criminal and civil cases. Federal, State — or Both Below are the […]
Intellectual Property
Protecting Inventors’ Rights
Let’s say you figure out a way to build the proverbial better mousetrap. Now you plan to sell the item to the highest bidder. How do you protect the invention when you shop it around? There are different ways to secure your interests. First, if the invention potentially qualifies for a patent, you might have a provisional patent application (PPA) […]
Timely Opportunities
Supreme Court Looks at Overtime Eligibility for One Employee Group
There are two basic ways to sell an incorporated business — sell the assets or sell the stock. For two good tax reasons, sellers usually prefer stock sales: 1. Assuming you’ve owned the shares for more than a year, your profits will generally be taxed at a maximum federal rate of 20%. This applies equally […]
Timely Opportunities