L&H Insights

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2 min read

Sec. 6166: Estate Tax Relief for Family Businesses

L&H CPAs: Oct 13, 2019 2:18:47 PM

Fewer people currently are subject to transfer taxes than ever before. But gift, estate and generation-skipping transfer (GST) taxes continue to...

2 min read

When Is Tax Due on Series EE Savings Bonds?

L&H CPAs: Oct 9, 2019 8:18:30 AM

You may have Series EE savings bonds that were bought many years ago. Perhaps you store them in a file cabinet or safe deposit box and rarely think...

2 min read

How to Treat Your Business Website Costs for Tax Purposes

L&H CPAs: Oct 9, 2019 8:11:01 AM

2 min read

The Crummey Trust: Still Relevant After All These Years

L&H CPAs: Oct 2, 2019 7:32:46 AM

Traditionally, trusts used in estate planning contain “Crummey” withdrawal powers to ensure that contributions qualify for the annual gift tax...

2 min read

Uncle Sam May Provide Relief from College Costs on Your Tax Return

L&H CPAs: Oct 2, 2019 7:28:05 AM

We all know the cost of college is expensive. The latest figures from the College Board show that the average annual cost of tuition and fees was...

2 min read

5 Ways to Withdraw Cash from Your Corporation While Avoiding Dividend Treatment

L&H CPAs: Sep 24, 2019 6:58:08 AM

Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend. However, a...

2 min read

When It Comes to Asset Protection, a Hybrid Dapt Offers the Best of Both Worlds

L&H CPAs: Sep 24, 2019 6:54:47 AM

A primary estate planning goal for most people is to hold on to as much of their wealth as possible to pass on to their children and other loved...

2 min read

Getting a Divorce? There Are Tax Issues You Need to Understand

L&H CPAs: Sep 24, 2019 6:49:29 AM

In addition to the difficult personal issues that divorce entails, several tax concerns need to be addressed to ensure that taxes are kept to a...