Tax Boss Podcast

What do you do when you have a family member who is breaking major boundaries and trespassing? Merrell discusses Florida 810.02 which defines the offense of "trespass in structure or conveyance" and some practical considerations if you have relatable family drama.

Attorney Merrell Bailey details the steps for cleaning up a hot mess with the IRS and making your Offer in Compromise (OIC).

Attorney Merrell Bailey details the steps necessary to change cause of death on a death certificate.

Setting up a corporation for your asset protection and the importance of keeping records.

If you have a taxable estate, there are ways to maximize your gifting without subtracting from your lifetime exemption!

Merrell Bailey and Krystal Woodbury discuss how common law marriages pass from one state to another, the burden of proof, and why sometimes you just may want to get married.

Are you sure that your independent contractor is not at employee? Krystal and Merrell discuss Uber, and the very fine and grey lines between employees, independent contractors and statutory employees.

If you or your clients have recently liquidated assets, and you're wondering about FDIC insurance, you're not alone. Krystal and Merrell break down everything you need to know about deposits, what is and isn't covered, and how the $250,000 limit is applied to multiple account owners and beneficiaries.

Merrell and Krystal discuss the proposed tax plan under the Biden administration. Most proposed changes affect those individuals with taxable income rates over $400,000. There are also substantial changes for investors and corporations, and changes to the gift and estate tax codes. Among other tax credit changes, Biden's first time homebuyers' credit would provide up to $15,000.

The New York Times matched a consultant payment of $747,622 deducted by President Trump to an income item on Ivanka Trump's disclosure forum. The payments allegedly were for consulting work on projects that Ivanka already was being paid for as an employee. Krystal and Merrell discuss what is legal and tax efficient.

Young adults. They're still your children, but legally they're not (under the law). What are your options?

Merrell and Krystal give examples of real estate fails and how they show up during probate.

If you haven't done your estate planning (which includes legal documents that allow someone to handle your affairs in the event of an emergency)don't panic; however, now is a really good time to get them done. We talk about remote options and some of your most common concerns during the coronavirus pandemic.

Merrell and Krystal share what they know about Coronavirus relief for small businesses.

Merrell and Krystal discuss grief, the role of sleep, and things advisors can do for their clients.

The SECURE Act of 2020 (Setting Every Community Up for Retirement): is changing retirement, and may change how your wealth is distributed; it may require a check-in with your estate planner to adjust your estate plan's language and/or structure to do what you originally wanted it to; or require a check-in with the estate planner and other financial professionals in your client's sphere if you're an advisor.

When is estate planning through beneficiary designations a good idea? Merrell and Krystal discuss the very particular situations and criteria that makes this a safe estate planning tool.

Merrell and Krystal discuss gift tax limits (currently $15k in 2019), how spouses can combine their limits, and other gifts that won't count toward that limit and may be better options.

Thinking about doing some DNA testing for fun this holiday season? What if you find new relatives - or if they find you? How does that impact your estate plan? How can you take ownership of, and control, your test results?

Episode 9: When Your Client Doesn't Want What's in Their Best Interests by Tax Boss

Merrell and Krystal discuss Death with Dignity statutes and how they approach these situations as estate planners. What pressures exist for the elderly? What about considerations for young adults trying to make this decision?

In this episode of Tax Boss, we discuss the age-old question, "Who Is My Client," and when a bunch of people show up, how do you know who to throw out of the room?

In this episode of Tax Boss, we discuss the death of a client and information necessary to complete funeral home paperwork.

In this episode of Tax Boss we discuss DNR orders, physicians orders for life-saving treatment, healthcare surrogates, living wills, and the difference between all of them.

In this episode of Tax Boss we discuss portability and estate planning.

In this episode of Tax Boss, we discuss solvency certificates and why attorneys request them.

In this episode of Tax Boss, we discuss gift tax and how to help your clients make friends by giving their wealth away.