Many companies are required to report information to FinCEN about the individuals who ultimately own or control them. The majority of for-profit business entities will be required to file this report unless they qualify for an exemption.
This reporting requirement started in 2024 and enforced by potential penalties of $500/day and $10,000/entity
We can help you with this filing.
Self-Employed Tax Credits established by the Families First Coronavirus Response Act and expanded under the (CARES) Act in December 2020 to include self-employed individuals, freelancers, independent contractors, and gig workers. The SETC provides federal legislation offering tax credits to compensate for lost income during COVID-19-related periods of sick leave. The calculation considers your daily average self-employment income and the days missed due to COVID-19-related issue and could provide you with a potential:
$32,220
If you find yourself on the wrong side of an audit, it can be a scary thing. Fortunately, you don't have to face it alone.
We can help, and specialize in the following practice areas:
Employee Retention Credit Audit Defense
Offer in Compromise
Representation in front of the State Tax Commission
Representation for IRS Appeals/United States Tax Court
Representation in Federal District Court
Penalty Abatement and Tax Relief
There are significant tax consequences to consider when creating, buying, selling, or even changing many aspects of a business. We can help with:
Formation of Limited Liability Companies (LLC), Business Corporations, and Partnerships.
"Golden Handcuffs" Arrangements
Buy/Sell Agreements
Cross Purchase Agreements
C Corporation Bail Outs
Sale or Purchase of a Business
Aqueous film-forming foam, commonly known as AFFF, is a type of fire-suppressant foam used for fighting high-hazard flammable liquid fires (Class B). Although AFFF is very effective in extinguishing Class B fires and saving human lives, it has recently been determined to be highly toxic as it contains per- and polyfluoroalkyl substances (PFAS). Increasing scientific and medical evidence back up our medical research team that shows that exposure to PFOA and PFOS - the most well-studied PFAS to date - through AFFF is related to kidney cancer, pancreatic cancer, testicular cancer, bladder cancer, liver cancer, and prostate cancer.
The Employee Retention Tax Credit is a refundable payroll tax credit designed by Congress to encourage employers to keep employees on their payroll during the pandemic . This is a complex area of the law, and not every business qualifies. But, if your business was impacted by COVID-19 restrictions, this credit could provide your company with a potential:
$5,000 per employee in 2020 and
$21,000 per employee for 2021.
Probate and Estate Settlement
Review of Estate Planning
Estate Tax Planning
Revocable Living Trust Packages for Client and Spouse
Wills (Last Will and Testament)
Durable Power of Attorney
Health Care Directives
Crummy Letters
Private Annuity/Self-Cancelling Installment Note (SCIN)
Warranty and Quitclaim Deeds
Title Confirmation
We provide a number of asset protection services, including reviewing any potential existing exposure to liability you may have.
Our most popular package includes:
Some of the trust work we offer includes: Restated Revocable Trusts Irrevocable Life Insurance Trusts (ILIT) Grantor Deemed Owner Trust for SCIN of Annuities (GDOT) Private Annuity or Self-Cancelling Installment Notes (SCIN) Stand-Alone IRA Trusts Grantor Retained Income or Annuity Trusts (GRAT) Qualified Personal Residence Trusts (QPERT) Charitable Remainder Trusts (CRT) Charitable Lead Trusts (CLT) Offshore Trusts
Other than the categories listed, we also can help with:
Privately-Held Insurance Recommendations
Charitable Limited Income Partnerships (CLIP)
General/Outside Counsel Representation for Businesses
Income Tax Planning for Individuals and Businesses
Employment Agreements
Other Services
Nothing on this site is, or should be taken as, legal advice in any capacity. The information found on this website is purely for informational purposes.
You should consult an attorney for any advice related to your specific situation.
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