Do You Need a Lawyer for Probate?
What Is a Probate Attorney? A probate attorney, also known as an estate attorney, is an attorney who offers legal counsel and assistance to the personal representative or executor of…
2021 Tax Deadline Extension
The Internal Revenue Service announced on March 17 that they would extend the 2021 federal tax return filing and payment deadlines from April 15 to May 17. This ruling was…
How To Protect Yourself From FBAR Penalties
U.S. taxpayers who hold assets and funds in offshore accounts know the importance of reporting these funds to the IRS during tax season but occasionally, mistakes will be made or…
Corporate Transparency Act
On January 1, 2021, the Corporate Transparency Act was passed by Congress. The Corporate Transparency Act allows the government to close off a major avenue for money laundering in the…
What to Know About the Estate Tax Plans Under the Biden Administration
With power transferring to the new Biden administration, taxpayers in the United States are likely to see many changes in the coming months. Biden’s tax plan included proposed changes to…
Comparing The Biden and Trump Tax Plan: How it Affects Businesses
While initial presidential debates leading up to the 2020 election contained brief discussions centered around both Trump and Biden’s tax plans, both the candidates and the moderators were focused on…
Comparing The Biden and Trump Tax Plan: How it Affects Individuals
In what seems to have been the most contentious election season to date, it appears there were more issues and policies to discuss than our candidates had time for and…
California Proposition 19: What It Means for Your Estate Plan
With the passing of Proposition 19 in November, many Californians are looking ahead at how this property tax measure will change the way residents can inherit property: and what this…
Real Estate Tax Planning
Real estate ownership and investment is one of the most heavily favored activities for US tax purposes. Here at Evolution Tax and Legal, our team has worked with some of…
Reporting Foreign Assets and Income to the IRS
The world of US tax surrounding foreign income and asset reporting is complex. Unfortunately, many domestic CPAs and those taxpayers who take a “do it yourself” approach do not understand…