by Dan Smith | Dec 18, 2017 | Entrepreneurs' Business Blog
On December 6, the Tennessee Supreme Court decided a case of first impression in Tennessee: what happens to the money that a married person withdraws from a joint bank account when that person dies? Does it go to the surviving spouse–as it would have done if the...
by Dan Smith | Apr 8, 2017 | Entrepreneurs' Business Blog
The Tennessee Court of Appeals recently decided a case that is instructive on the probate or administration of an estate in Tennessee when the deceased is involved in a divorce case that is not finalized before the date of death. Here’s the problem that may come...
by Dan Smith | Apr 5, 2017 | Entrepreneurs' Business Blog
The U.S. Tax Court released an opinion today in the case of Mescalero Apache Tribe v. Commissioner of Internal Revenue. This case is worth noting for all small and medium-sized businesses that pays workers in its operations. A key tax decision made by any business...
by Dan Smith | Apr 5, 2017 | Entrepreneurs' Business Blog
If you are following Tennessee probate and estate planning matters and news, you may have seen some recent articles talking about decanting irrevocable trusts. In effect, decanting permits a trustee in certain situations to distribute assets from an irrevocable trust...
by Dan Smith | Apr 4, 2017 | Entrepreneurs' Business Blog
There has been talk recently that Congress is preparing to pivot from healthcare reform (which failed to materialize, at least to this point) to federal tax reform. One of the key planks of the Republican platform for tax reform is the elimination of the federal...
by Dan Smith | Apr 4, 2017 | Entrepreneurs' Business Blog
The IRS announced today that it will begin later this month sending letters to some taxpayers with overdue tax accounts, informing them that their accounts are being turned over to a private collection agency. The program involving private collection agencies or...
