Joint Accounts and the Danger they Present to Optimal Estate Planning The Problem: So you are feeling pretty good about having just signed your estate plan. Or maybe you had the forethought to have your estate planning documents drafted and signed for many years. Perhaps you have created two revocable living trusts, or a family trust, but…
POSTED IN: News, Trusts & Estates
POSTED IN: At Your Service, Hospitality & Retail Services, News
Enhanced Scrutiny for Underreporting of Cash Receipts The Massachusetts Department of Revenue (DOR) has recently begun cross-checking 1099-K credit card receipt information against total reported revenue in order to investigate and uncover potential underreporting of cash receipts and thus potential underpayment of sales and/or income tax. After estimating potential cash income based on credit card…
MA Court Rules in Favor of Retail Sales of Discounted Booze: In a case brought by retail superstore Total Wines which appealed a decision of the Alcoholic Beverages Control Commission (“ABCC”), a Boston judge ruled that state retailers can sell alcohol at steep discounts when they order in bulk. The ABCC issued a several day liquor…
POSTED IN: Articles & Quotes, Hospitality & Retail Services, News
