Editor's note

I've handpicked articles and stories that resonate with both my clients and myself, with the goal of providing you with valuable, practical insights that you may find both informative and useful.

Saturday, February 24, 2024

Toney's Tax Takeaway - February 25, 2024 Newsletter

In this issue:

  • Assets Transferred Before or After Death?
  • Why Are Tax Refunds Shrinking?
  • What To Do Before Forming an LLC
  • Social Security Benefits and Location, Location, Location

Assets Transferred Before or After Death? Are you thinking of transferring ownership of assets to your children or others while you’re still alive? Don’t create a potential tax trap for the recipients of your generosity by ignoring the advantage of the “Step-Up” basis.

Tuesday, February 13, 2024

Economic Substance Doctrine

 I'm coming across more and more "tax strategies" that are actually just "tax fraud." Usually, these strategies implement a complicated or convoluted entity structure in order to lessen or avoid taxes altogether. These are not legal, and the reason is the Economic Substance Doctrine.  (View More >>)

LLC Tax Misconceptions : What You Really Need to Know

 In the digital age, where social media doubles as a hub for financial advice, misconceptions about taxes and business structures are rampant. One prevalent myth is the notion that simply forming a Limited Liability Company (LLC) unlocks a treasure trove of previously unavailable tax deductions. Let's set the record straight.  (View More >>)

Friday, February 2, 2024

February 2024 Newsletter


Articles of Interest to My Clients: