Articles
Corporate Transparency Act and Reporting Requirements
The federal government passed the Corporate Transparency Act (CTA) in 2020. It requires companies to report certain information about the individuals who control the company, who are called “Beneficial Owners.”
Effects of Not Having a Will
When a person dies without having made a Last Will and Testament, and they have property titled in their name alone, there is a good likelihood that they have made life more difficult and more expensive for their surviving spouse or children.
Lottery Winnings and Gift Taxes
If records were kept about such things, Tonda Lynn, a waitress at a pancake house, may have received the largest tip in history when a customer gave her a lottery ticket that turned out to be worth $10 million.