Resources
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Tax Savings on Business Contract Sales
Question: My wife and I hold contracts to provide property management services to real estate owners. Are we entitled to capital gain treatment if we sell these contracts or do we need to form a limited liability company to do so?
SFBBG Provides Legal Guidance at the 2022 ERA Conference
In the last week of February 2022, the Electronics Representatives Association (“ERA”) held its much anticipated, long-awaited, first in-person industry event since COVID at the AT&T Center on the University of Texas campus in Austin, Texas.
Reducing Estate Tax with Spousal Portability
Question: Should I file a Federal estate tax return for my wife’s estate even though the value of her assets is less than the estate tax exemption?
Classification of Manufacturer’s Representatives as Employees or Independent Contractors
The determination is significant because different tax treatment results from the classification of the representatives.
Passing Vacation Homes to Family Members
Question: I have a vacation home that I want to leave to my three children but I am not sure how to do so. Do you have any suggestions?
Passing Assets to Non-Citizen Spouses in Tax Effective Manner
Question: My spouse is not a U.S. citizen. Can I leave assets to her upon my death without incurring estate tax?
Understanding Cryptocurrency Tax Rules
Question: I deal in cryptocurrency through my business. Customers sometimes pay me in Bitcoin and I sometimes use Bitcoin to pay suppliers. Will these transactions be treated as if payment was made in cash?
General Criticisms and Statements Impugning a Plaintiff’s Personal Traits Do Not Support Claims for Defamation per se
Recent cases suggest an uptick in defamation lawsuits seeking damages for statements containing general criticisms of the plaintiff or highlighting certain negative personal traits. The theory is that such statements qualify as defamation per se for they impugn the ability or integrity of the plaintiffs in their occupation or professions.
Converting LLC to S Corporation: What You Need to Know
Many sales representative organizations, like other businesses, are structured as limited liability companies (LLCs). The preponderance of LLCs with more than one member are treated as partnerships for tax purposes.
Benefits of State Pass-Thru Entity Tax
Question: As the owner of a pass-thru entity, can I benefit by paying my state’s new pass- thru entity tax?