When someone owes taxes to the federal government, they are at elevated risk of prosecution and incurring financial penalties. Falling behind on taxes can happen for many different reasons, including a sudden loss of income as a self-employed individual or repeated...
Working The Puzzle From All The Angles
Month: February 2023
When is skirting taxes legal?
On Behalf of Demetrius J. Karos, Ltd. | Feb 22, 2023 | Tax Evasion
During a presidential debate against then-opponent Hillary Clinton, former president Donald Trump famously observed that not paying his full tax liability “makes me smart.” There are certainly times when not paying one’s full tax liability is a savvy approach to...
What is an estate plan?
On Behalf of Demetrius J. Karos, Ltd. | Feb 4, 2023 | Estate Planning
Estate planning is the preparation for the distribution of your estate in anticipation of your passing. An estate plan is made during the testator's life. Typically, an estate plan includes a will, trust, beneficiaries, executor of the estate and power of attorney....