Blog
Income and Salary to an S-Corp Owner
Owners of s-corporations are quickly introduced to complex tax issues. An s-corporation has "flow-through taxation". This means the s-corporation itself usually pays no income taxes for its income, but its stockholders do. The s-corporation...
Forming An Irrevocable Life Insurance Trust (ILIT)
An Irrevocable Life Insurance Trust, or ILIT, should be of interest to any person buying life insurance. The ILIT is not just for people with estate tax issues. The ILIT can allow you to control how and when insurance proceeds are distributed to...
Commercial Leases – Drafting and Review
Locating a property or a tenant for leasing can be a very time-consuming process, so it’s understandable that parties often rush to get the lease signed; however, having a good lease agreement that's been drafted and reviewed by an attorney can be...
Not Having a Will in Maryland
Many wonder what happens if you die without a Will. Each state, including Maryland, has its own laws that determine what happens to the person’s estate. The differences between each state’s laws do cause confusion, and your assumptions about...
Didn’t File Tax Returns? The IRS Offers Solutions for Non-filers
Whether on purpose or by mistake, taxpayers sometimes find themselves years behind on filing their tax returns. Sometimes people are lucky and decide on their own to file past due tax returns and move on with their life. Others have the decision...
Family Business Succession Planning
Small businesses comprise a significant portion of our economy. Unfortunately, most small businesses do not survive into the next generation of owners. The hard work and legacy of the current and prior generations can be wasted without proper...
