Let Us Take the Lead Reach Out Now

Blog

What Is an Offer in Compromise?

If you're struggling with debt, one option you may have is debt settlement. When you settle your debt, you convince your creditor to accept a portion of what you owe and forgive the rest.

Read More

Should So-Called “Pass-Through Income” Be Taxed at A Lower Rate than Income Earned Through Wages?

As part of the changes that came with the passage of the Tax Cuts and Jobs Act (TCJA), congress created a category for “Pass-Through Income” that would be taxed at a lower rate. Congress created this tax break for pass-through income due to the benefits provided to corporate earnings under the TCJA.

Read More

What Are the Benefits of Making Gifts and Charitable Contributions Before Death?

First, I will qualify my answer by indicating that anyone reading this response should seek individualized estate planning advice which matches your individual goals and objectives. As a little background on the topic, congress recently worked to pass Tax Cuts and Jobs Act (TCJA) into law a few years ago.

Read More

Should the United States Maintain Its “Worldwide Tax Basis” for Its Citizens or Should It Take on A “Residence Tax Basis” as It Relates to International Taxation of Individuals?

If you are a citizen of the United States (U.S.), then you are required to file a tax return regardless of where you live in the world and regardless of where you have earned your income. For example, let's say person X has been a U.S. citizen all their lives.

Read More