When business liquidation is the only course of action at an owner's death,life insurance can provide the funds that make the difference between a planned liquidation and a financially-disastrous forced liquidation.Consider the uses to which life insurance can be...

The IRS is reminding employers to act soon if they plan to claim a Work Opportunity Tax Credit (WOTC) for hiring certain military veterans. The expanded credit may provide thousands of dollars of benefit to qualified businesses, but only if they hire veterans before...

You may be interested in what the public probate records of the estates of businessmen, attorneys, entertainers, accountants and even a President have to show.NameGross EstateNet EstatePercent ShrinkageFranklin D. Roosevelt$1,940,999$1,366,13230%Henry J. Kaiser,...

Q: Can an employer offer both a SIMPLE IRA plan and a SEP IRA to his/her employees?A: An employer that has a SIMPLE IRA plan cannot maintain another qualified plan, such as a SEP IRA, in which any employees receive contributions. An employee, however, who works for...

December is traditionally a month for giving generously to charities, friends and family. But it’s also a time that can have a major impact on the tax return you’ll file in the New Year. Here are some “Season of Giving” tips from the IRS covering everything from...