If you disregard something, you ignore it. The term “disregarded entity” is used quite frequently in the IRS world and in the legal world, so you’ll need to understand both aspects of the term. An entity is a legal structure that has legal rights, including being recognized
Some methods of avoiding probate can cost your heirs tens of thousands of dollars if you don’t take into account the tax savings available through using the step-up in basis. Step-up in basis is tax terminology that many people know about, but don’t understand in the context
How you hold the title to your house to protect it from lawsuits makes a difference. I often have asset protection fanatics tell me that they have put their house title in a corporation or Limited Liability Company (LLC) for house protection. This is a big mistake.
Tax evasion is not a term you look up hoping to save money on your taxes. If you are planning to evade taxes sooner or later you will find yourself in serious legal trouble. Tax evasion or tax fraud, is the purposeful and illegal attempt to evade
