The death of a loved one is always difficult but it can be even more challenging if you are the one who must handle all the resulting tax responsibilities. More Miscellaneous DetailsIf an estate must file income tax or estate tax returns, a federal employer identification number (EIN) must be obtained from the IRS.You should open…

Intellectual property is a source of significant value for many businesses today, but it can be difficult to value. There are three main reasons it’s hard to value. First, it can be hard to understand, because it’s often technical in nature. Second, there are many types of intellectual property and each asset is unique by nature. (For example, the U.S. Patent Office only…

Most business owners are reactive when it comes to having their businesses valued. But it sometimes pays to be proactive. Some valuations are necessities, such as for determining the value of the business interest in an estate. Others are obtained for more elective reasons but are helpful to business owners nevertheless. Buy-Sell Agreements Can Achieve Non-Tax ObjectivesBuy-sell agreements offer more…