Tax Law

Explore a comprehensive range of resources related to tax law, including in-depth articles, expert video interviews with seasoned tax attorneys, and clear definitions of key legal terms. This category offers valuable insights into tax regulations, compliance issues, and strategies for individuals and businesses navigating complex tax matters. Stay informed and empowered with the latest legal information and expert guidance tailored to your tax-related questions and concerns.

97 posts

How can an estate planning lawyer help minimize estate taxes?

November 22, 2024 • By Jack Gilbert

An estate planning lawyer can help reduce estate taxes by structuring your assets to use available exemptions and proven tools like trusts and lifetime gifting. With the federal estate tax applying only above the current exemption (and different state rules), early planning can prevent unnecessary tax exposure and preserve more for heirs. This article explains […]

Asset Protection Business Law

What’s the difference between a will and a trust?

November 17, 2024 • By Jack Gilbert

A will takes effect only after you die, while a trust can work during your lifetime and after death, often avoiding probate. Both transfer assets, but they differ in timing, privacy, court involvement, and how they handle incapacity. This article explains key differences, common types of wills and trusts, pros and cons, and how to […]

Asset Protection Elder Law

How often should I update my estate plan?

November 15, 2024 • By Jack Gilbert

Review and update your estate plan every 3–5 years. Update sooner after major life events (marriage, divorce, birth, death), big financial changes, moves, or major law changes. This article covers the key triggers, what to review, and how to keep your documents current. Estate planning is a crucial aspect of financial and personal management that […]

Asset Protection Elder Law

When should I start estate planning?

November 3, 2024 • By Jack Gilbert

Start estate planning as soon as you’re an adult—most people should begin at 18, and no later than the first major life event (marriage, kids, home, or new assets). Early planning lets you choose beneficiaries, guardians, and healthcare/financial decision-makers before a crisis. This article explains the best timing and what documents to create and update. […]

Compensation and Settlements Injury Claims

How to Determine If Your Personal Injury Settlement Is Taxable

July 26, 2024 • By Jack Gilbert

Most personal injury settlements are not taxable under federal law when they compensate for physical injuries or sickness, but amounts for lost wages, punitive damages, and interest are generally taxable. The tax outcome depends on what the payment is meant to replace and how the settlement is allocated in the agreement. This article explains the […]

alimony Asset Protection

How to Navigate Tax Implications When Getting Divorced

July 11, 2024 • By Jack Gilbert

Divorce can change your taxes starting the year your divorce is final—your filing status becomes Single or Head of Household (if you qualify). Post‑2018 divorce decrees generally make alimony non‑deductible to the payer and non‑taxable to the recipient, while child support remains non‑taxable. This article covers filing status, support payments, asset and retirement splits, and […]

Business Law Business/Corporate

How to Navigate Customs Duties and Avoid Costly Errors

July 9, 2024 • By Jack Gilbert

Customs duties are taxes assessed on imported goods based on classification, value, and origin, with rates varying by country and tariff schedule. Getting HS codes, valuation, and documentation wrong can trigger penalties, audits, and shipment holds. This article explains duty fundamentals and practical steps to stay compliant and cut landed costs. Customs duties are a […]

Business/Corporate Consumer Protection

How to Understand and Comply With Excise Taxes

July 8, 2024 • By Jack Gilbert

Excise taxes are indirect taxes on specific goods and services—like fuel, alcohol, tobacco, and certain firearms—often built into the purchase price. Compliance typically requires identifying taxable transactions, applying the correct federal/state rate, and filing required excise tax returns on time. This article explains what excise tax is, who owes it, key legal rules, and practical […]

Business Law Commercial Law

How Does Value Added Tax Impact Your Business?

July 6, 2024 • By Jack Gilbert

Value Added Tax (VAT) is a consumption tax charged at each stage of production, with businesses remitting the net VAT after input tax credits. It affects your pricing, invoicing, cash flow, and reporting obligations, especially once you cross registration thresholds. This article explains what VAT is, how it works, and key compliance steps for businesses. […]

Commercial Law Environmental Law

How to Comply with Renewable Energy Laws: Essential Guide

June 17, 2024 • By Jack Gilbert

Compliance typically requires 4 core steps: siting and land-use approval, environmental review, interconnection compliance, and ongoing reporting. Requirements vary by jurisdiction and project type, so early legal review reduces delay and enforcement risk. This guide outlines key renewable energy laws, permits, standards, incentives, and practical compliance strategies. Renewable energy laws are a crucial component of […]

Financial Crimes Financial Law

Tax Planning Laws – Legal Strategies and Compliance

June 8, 2024 • By Jack Gilbert

Tax planning laws allow individuals and businesses to legally reduce taxes through deductions, credits, timing, and entity choice under IRS and state rules. Proper compliance includes accurate reporting, documentation, and meeting filing and payment deadlines to avoid penalties and audits. This article covers core tax planning strategies, key compliance requirements, and when to consult a […]

Administrative Law Appeal Process

Tax Appeals – Legal Steps and Rights

June 8, 2024 • By Jack Gilbert

Most tax appeals must be filed within 30–90 days of the assessment notice, depending on the jurisdiction. Following statutory deadlines, preserving appeal rights, and submitting supporting documentation can significantly improve outcomes in audits and disputes. This article explains the tax appeals process, your legal rights, and the key procedural steps to challenge tax decisions. Navigating […]

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