Articles

What is a Lien Priority in Auburn CA?

Get Tax Resolution for Your Tax Problem Are you a resident of Auburn, CA, and wondering, “What is a lien priority in Auburn CA?” Bottomline Lawyers is here to help. A lien priority is a legal claim placed on a property by a creditor to secure debt payment. It is

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how to make an estate plan in case the worst happens

How to Make an Estate Plan in Case the Worst Happens

Estate Planning Saves Time Planning for the future can be complicated and intimidating. However, it is something that everyone should do. Even if you’re still young or feel like you don’t have much to leave behind, it is essential to create a good estate plan with the help of a

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Settling a Business Dispute

Studies show that over 95% of all lawsuits are resolved without a trial. Thus, the overwhelming probability is that a new case will settle. For that reason, much of a business litigator’s job is getting a case into a position that will enhance the possibility of a favorable settlement. Generally,

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401(k) limit increases to $20,500

IR-2021-216, November 4, 2021 WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2022 has increased to $20,500, up from $19,500 for 2021 and 2020. The IRS today also issued technical guidance regarding all of the cost‑of‑living adjustments affecting dollar

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Detailed reporting directions for certain passthrough entities and taxpayers

IR-2021-215, November 3, 2021 WASHINGTON — The Internal Revenue Service today posted detailed reporting directions for certain passthrough entities and taxpayers reporting of partnership interests held in connection with the performance of services, often referred to as “carried interests,” in the form of frequently asked questions (FAQs). The FAQs contain sample

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13 Strategies for Avoiding Challenges to your Estate Plan

Your thoughtfully constructed estate plan could be disrupted by a challenge from a relative or friend who is unhappy with his or her inheritance (or lack of one). Here are 13 effective strategies that you can use to reduce the likelihood of your estate plan being challenged. #1. DON’T PROCRASTINATE

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More Ida relief from IRS

IR-2021-213, November 3, 2021 WASHINGTON — Victims of Hurricane Ida in parts of Connecticut now have until January 3, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today. Following the October 30 disaster declaration by the Federal Emergency Management Agency (FEMA),

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What Are the Pros and Cons of a Chapter 13 Filing?

Not all debtors qualify for a Chapter 7 filing, so it can be helpful to also learn about Chapter 13. Here are its advantages: ADVANTAGES • All property can be retained so long as the terms of the plan are fulfilled • An unincorporated business may continue to be operated

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Refund adjustments related to unemployment compensation

IR-2021-212, November 1, 2021 WASHINGTON — The Internal Revenue Service recently sent approximately 430,000 refunds totaling more than $510 million to taxpayers who paid taxes on unemployment compensation excluded from income for tax year 2020. The IRS efforts to correct unemployment compensation overpayments will help most of the affected taxpayers avoid filing

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