Insights

Effective as of tax years beginning in 2018, the rules for how the IRS audits companies taxed as partnerships will change dramatically.  As many business owners may recall from reading client alerts and news articles over the past couple of years, the Bipartisan Budget Act…
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The Great American Solar Eclipse is scheduled to cross through the United States from coast to coast on August 21, 2017.  Solar eclipses occur when the moon moves between the Earth and the sun, which causes the shadow of the moon to be projected on…
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A lexicographer’s task of pinning down a word’s origin can often mean hours, and even days, of ink-stained research drudgery. But when it comes to one particular word, even we non-lexicographers can identify the precise time it entered our lexicon: 12:06 am on May 31,…
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For those of you following the case of the Tax Court Judge turned Tax Fraud Defendant, the final chapter of that saga appears to have been written.  In April 2016, ex-Tax Court Judge Diane Kroupa and her husband, Robert Fackler, were indicted on a host…
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No one likes the idea of paying taxes, and having a “gross estate” for estate tax purposes does not sound desirable. In fact, however, the current transfer tax system might produce income tax benefits previously unattainable. If your estate and trust documents were prepared before…
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  Trade secrets are among an enterprise’s most valuable assets, often more important than its other forms of intellectual property. Every enterprise has them—or thinks it does until it learns otherwise in court. As the name suggests, a trade secret is a piece of confidential…
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Since my review of important considerations for short-term property rental hosts in June 2016, the home sharing industry has continued its rapid growth.  Approximately 124,000 guests booked property rentals in Missouri through Airbnb in 2016, a 166% increase over the prior year, which resulted in…
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