Back in 2012, we had a lot of clients asking us if they should move their business over to Kansas because of the favorable tax laws with flow-through entities - we even contemplated this move ourselves. At the time, it looked like a great move for some business owners who lived in Kansas; however, in retrospect, it may not have saved as much tax as …
Tax Law
Taxes: Do We Need Them?
Unfortunately we do need taxes to keep the wheels of government turning, albeit somewhat squeakily these days. Kansans worry about educating their children while the good folks on the Missouri side have been told that their roads can’t be maintained. Photo credit: kenteegardin / Foter / CC BY-SA We all need to pay our fair share of taxes, but …
Van Osdol & Magruder Reviews Estate Tax Portability – What is a Timely Filed Tax Return?
The Internal Revenue Code requires that executors wishing to make a valid portability election to make the election on an estate tax return filed within the “time prescribed by law.” However, the law can be ambiguous concerning just when that is, making filing estate tax returns even more complicated than they already are. college research paper …
