LegaLees

clients, students, and interested parties

3 Ways to Control Taxes

Published: Tue, 11/08/16

Hi It doesn't matter if you are a Democrat, Republican, or anything else. Nearly every effective method to reduce your ta burden falls in one of three…

Scary Things Are Happening.

Published: Mon, 10/31/16

Hi The other day a CPA friend sent me a list of "Ten Things You May Not Know About an LLC." Some items were correct, some were only half right, and…

Don't Pay a Double Tax!

Published: Fri, 10/21/16

Hi If your business is ta ed as a C corporation, you may be paying a lot more in ta es than you need to. Learn about what double ta ation is and how…

Tip: LLC vs Corporation Terminology

Published: Wed, 10/12/16

Hi LLCs and Corporations have the same corporate shield, but the terminologies they use, while parallel, are completely different. It's important to…

The Power of Knowledge

Published: Fri, 10/07/16

Hi Most people have heard the phrase "knowledge is power" but don't truly understand how it affects their lives. Here is a little breakdown:Knowledge…

Passing Assets Without Probate or a Trust

Published: Thu, 09/29/16

Hi For those with few assets, sometimes it can make sense to take advantage of simple probate avoidance tools. Your 401(k)s and IRAs avoid probate by…

Ways to Mess Up in Avoiding Probate

Published: Tue, 09/13/16

Hi Avoiding probate is important, but most of the "tricks" people commonly use to play the probate avoidance game end up costing the family a lot more…

Avoid Taxes by Using a Step-Up in Basis

Published: Wed, 09/07/16

Hi Is your parents' home worth more than it was when they bought it decades ago? Would they want you to pay ta es on the increase if they leave it to…

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