• Funding Your Trust

    Happy Couple Calculating Fin Budget

    One of the fundamental concepts of a trust is control; control over how the trust assets are used and for what purpose. But no control can be exercised unless assets are transferred to the trust in the first place; this …

    Continue Reading
  • The Hobby Loss Rule in the News Again

    w2

    The Hobby Loss Rule is a presumption long relied on by the IRS to disallow expenses claimed by taxpayers who show losses on their Schedule C. A recent report from the Treasury Department’s Inspector General indicated the IRS should make …

    Continue Reading