In a fascinating recent case the U.S. Tax Court taught another lesson on how taxpayers can entangle themselves in the tax web. In this case a father cheated the IRS, went to prison for the crime [...]
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Starting a business with family members or a collection of close friends always seems like a good idea at first. But both success and adversity can lead to contentious disputes over control and [...]
The Irrevocable Spousal Trust (“IST”) is an irrevocable trust created for the lifetime benefit of the grantor’s spouse, and then typically for the benefit of children or grandchildren. The IST is [...]
