Understanding Distributions in Excess of Basis
Distributions from an S corporation are tax-free up to stock basis. Any excess may be taxable as dividends or capital gains.
March 21, 2025
wealth management
Tax Fraud Through the Ages: Lessons from a 1,900-Year-Old Roman Case
Ancient Rome’s tax fraud scandal mirrors modern schemes, proving tax evasion is timeless. Learn historical lessons for today’s compliance challenges.
March 19, 2025
Case Study: Understanding S Corporation Distribution Determination
S corporation distributions impact taxes based on earnings layers and stock basis. ABC’s case shows tax-free and taxable dividend allocations, emphasizing compliance.
March 18, 2025
How Nvidia’s CEO Jensen Huang is Legally Avoiding Billions in Estate Taxes
Nvidia’s Jensen Huang uses legal estate tax strategies like IDGTs, GRATs, and DAFs to shield billions, raising fairness questions.
March 14, 2025
Unlocking Tax Savings: How Small Businesses Can Benefit from the Sec. 45E Retirement Plan Credit
Discover how the Sec. 45E tax credit helps small businesses save on retirement plan costs while attracting and retaining top talent.
March 11, 2025
Downsizing Your Home? Here’s How to Avoid Costly Tax Mistakes
Downsizing your home? Avoid costly tax mistakes with smart strategies to maximize profits, minimize capital gains, and secure your financial future.
March 3, 2025
There’s Still Time to Fund an IRA for 2024
The tax filing deadline is near—fund your 2024 IRA by April 15, 2025. Max contributions: $7,000 ($8,000 if 50+).
February 25, 2025
How Winning the $1.26 Billion Mega Millions Jackpot Can Shape Your Financial Future
Winning a $1.26 billion Mega Millions jackpot requires careful planning, expert advice, and smart decisions to secure long-term wealth.
February 7, 2025
The Tax Controversies of America’s Wealthiest: Notable Figures and Legal Strategies
America’s wealthiest employ legal tax strategies, sparking debates about fairness, systemic inequities, and potential U.S. tax reforms.
February 4, 2025
Year-End Tax Tips: Gifts, 529 Plans & Retirement Savings for a Secure Future
Strategic financial planning secures your future by leveraging tax-efficient tools like annual gifts, 529 plans, and retirement savings.
January 24, 2025