I have been getting a lot of questions asking about how to zero out a trust. When you zero out a trust, you remove all of the income from the trust, so that there is no taxable income held by the trust. A trust with taxable income
This article is written by Mike Stevens, President of Capital Wealth Advisors. While many resolved that 2016 would be a year of success, the markets seemed to have a mind of their own. In early January, investors helplessly watched the stock market put in its worst opening
This article is written by Ben Rucker, a former special IRS auditor. He worked with me in writing Advanced Tax Tactics 2.0. Lately I’ve been getting a lot of questions about tax penalties. Many taxpayers are surprised to find that they are charged multiple penalties and interest
I recently received the following question from Jack, one of my students, about putting cars in trusts: I have discussed this issue with several “local experts” and every one of them states that this is a terrible idea because if you get into an accident and get
