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July 2015 Archives

Beware: Basket options could land you in hot water with IRS

Businesses and individuals have long pursued strategies to protect their assets from heavy tax burdens. The Internal Revenue Service, however, is constantly searching for strategies that may be skirt the line of what is legal. If the IRS comes after a strategy that you use, it may be wise to work with a tax attorney to ensure you and your assets are protected.

Didn't have your trilobites in a row? That's when the audit comes

A few years ago, a veterinarian and fossil enthusiast decided to donate some of his prized collection of trilobites to the California Academy of Sciences. They were apparently worth quite a bit of money -- he valued the four he donated in 2006 at $136,500, and eight more, which he gave the group in 2007, at $109,800.

Every Tax Problem Has A Solution

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Frost & Associates, Attorneys at Law
1629 K Street NW
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Washington, D.C. 20006

Phone: 202-618-1873
Phone: 202-618-1873
Fax: 888-235-8405
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Phone: 202-618-1873
Phone: 202-618-1873
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