No matter what the makeup of your family, smart tax planning can help you keep more of your money and avoid unnecessary payments to the government. Everyone needs to pay their fair share of taxes, but paying more than you need to is just plain foolish. Many people think that family tax planning is only important for those in the highest tax brackets, but that is not necessarily the case. While tax planning for high income individuals is very beneficial, all families can benef

Starting a new business is an exciting, but busy time with so much to be done and so little time to do it in. Also, if you expect to have employees, there are a variety of federal and state forms and applications that will need to be completed to get your business up and running. That's where a tax professional can help. 1. Business Structure The first decision you will need to make is determining which business structure you will use. The most common types are a sole proprie

An FBAR is the Report of Foreign Bank and Financial Accounts. United States persons are required to file an FBAR if: The United States person had a financial interest in or signature authority over at least one financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, located outside of the United States; and The aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calen