How to Minimize the Risk of an IRS Audit Smart Filing Strategies Backed by Official IRS Guidance For most taxpayers, an audit sounds like the financial equivalent of a root canal—but the truth is, IRS audits are relatively rare. Still, certain red flags can increase your chances of being selected. By staying informed and documenting […]
Tariff fears have heightened investor concerns about a potential U.S. economic recession. Tariffs are not the only stressor—rising job-cut announcements and shifts in stock market leadership toward more-defensive sectors also reflect cracks under the economy’s surface. Declining Treasury bond yields—which move inversely to bond prices—indicate that investors have become more worried about long-term economic growth […]
A “tag-along” right allows a minority shareholder to join a sale initiated by a majority shareholder, essentially letting them sell their shares at the same price and terms as the majority shareholder, while a “drag-along” right forces a minority shareholder to sell their shares alongside the majority shareholder if the majority decides to sell their […]
A Texas property transferred into a Trust can still qualify for the homestead exemption. However, the property must be placed into a qualifying Trust. A qualifying trust in Texas is a trust that allows a beneficiary or the trustor to live in a property as their primary residence and receive the homestead exemption. What is […]
How can you Protect Your Business from being sued? As a business owner, you try to do everything you can to limit risk for your business. However, there are some actions you can take to protect your company from being sued. Here are five important ones. 1. Watch What You Say and Do Small businesses […]