The lottery recently crossed $1 billion, so many people are buying tickets who wouldn’t have otherwise. It’s going to be one of the biggest drawings of all time. That said, most people choose to get the cash option rather than taking payments if they win the lottery....
Working The Puzzle From All The Angles
Month: July 2022
If you own digital assets, protect them in your estate plan
On Behalf of Demetrius J. Karos, Ltd. | Jul 16, 2022 | Estate Planning
In the 21st century, most Americans spend significant periods of time using digital technology. We have incorporated it into our work and personal lives. This means that you may have valuable digital assets that need your protection. You know estate planning allows...
Tax compliance: Do you own a foreign bank account?
On Behalf of Demetrius J. Karos, Ltd. | Jul 1, 2022 | Tax Evasion
If you travel frequently or do business abroad, it may be convenient to have a bank account in a foreign country. However, you should comply with IRS tax requirements when reporting on such accounts, or it could land you in trouble. The IRS definition of a foreign...