Latest Blog
The IRS Has a Method of ‘Last Resort’ to Collect Overdue Taxes: Revoking Your Passport
Source: https://www.cnbc.com/2024/08/25/how-a-seriously-delinquent-tax-debt-could-get-your-passport-revoked.html
Supreme Court Upholds Connelly: What It Means For Business Owners
Source: https://www.forbes.com/sites/matthewerskine/2024/06/06/supreme-court-upholds-connelly-what-it-means-for-business-owners/
Where’s the Inheritance? Why Fewer Older Americans Are Writing Wills or Estate Planning
Source:https://www.usatoday.com/story/money/personalfinance/2023/10/03/fewer-older-americans-are-writing-wills-planning-estates/70994383007/
Troubling Trends in Estate Planning
Recent studies uncover a worrying trend: a notable decrease in estate planning across diverse demographics, including older Americans, business proprietors, and art aficionados. This decline poses significant risks, as estate planning is pivotal for orderly asset transfer and minimizing legal and tax entanglements. Key findings reveal older Americans showing a decline in estate planning, while […]
Trip Barnes Featured in WSJ; Marquis Who’s Who of Distinguished Leaders: 2024 Honorees
View the feature as it was published in The Wall Street Journal on Wednesday, January 10, 2024.
Supreme Court Rules That IRS Can Request Bank Account Info Without Notice to Third Parties
The US Supreme Court has ruled that the Internal Revenue Service (IRS) can access bank records of a taxpayer’s relatives or associates without notice to help with tax collection efforts under an existing statute. The IRS can probe financial records to aid in the collection of a taxpayer’s debt without notifying the taxpayer or third […]