There’s more to estate planning than just dashing off a will. For some individuals, trusts can be a helpful tool to organise and protect family assets and plan for future taxes. A grantor trust is a special type of trust that can be used for some estate planning strategies. These arrangements can be complex, so…
Why should young people and couples care about estate planning. When many people think about estate planning, they envision their parents, grandparents or others like these who have had long careers, accumulated a lot of material wealth, perhaps. Estate planning is about wealth accumulation, wealth protection and wealth distribution. But estate planning; at its core,…
Many people think of estate planning as dealing with houses, bank accounts, and personal belongings. But now so many vital parts of life are online. After someone dies, photos, email accounts, social media profiles, online banking, cryptocurrency, business files, reward points, and even digital subscriptions could all be part of an estate. A Dallas estate…
Planning for the future can feel stressful, especially when you are trying to protect your assets and take care of your family. Trusts are a common tool for this, but they do not all work the same way. If you are not sure which option is right for you, it may help to speak with…
In 2026, FinCEN and the IRS began strengthening and vigorous enforcement of foreign account rules on “United States persons” who buy, sell, and hold digital assets on foreign exchanges. Federal law traditionally has defined the term “U.S. persons” as U.S. citizens, resident aliens, trusts, estates, and domestic entities that have an interest in foreign financial…
Delinquent taxpayers face significant federal tax liabilities for unfiled returns spanning multiple years. Civil penalties of 5% of the unpaid tax for each month or fraction thereof that the return is tardy, up to a maximum of 25%, plus interest and penalties. Moreover, the statute of limitations does not begin to run until a tax…
You might already be dealing with transfer pricing if your business works in more than one country, even if you don’t call it that. Transfer pricing rules change the way businesses set prices for goods, services, or intellectual property they share with related businesses. You can avoid making expensive mistakes by hiring an international tax…
Businesses today are under more pressure than ever to do the right thing. It’s not just about making money. People who buy things, invest in companies, and make rules are paying more attention to how businesses work, including how they handle taxes. This is when ethical tax planning comes in. A Texas business tax planning…
Digital Assets and their variations have been proliferating; so much, over the last couple of years that it’s difficult for the law to keep up; but that does not mean that the law cannot catch up. Globally, regulators have digital asset regulation on their mind and within their eye slight. In the United States where…
The IRS uses automated systems, such as newer AI tools, to help it go over tax returns. With this technology, the IRS can quickly look at a lot of data and find problems or inconsistencies. You need to know how this process works and how it might affect your return. How Does AI Help With…
As the global economy becomes more digital, governments around the world are changing how they tax online businesses. Digital services taxes are one of the most important developments in international tax policy, and they could affect companies that sell digital products, advertise online, or operate digital platforms across borders. For companies based in the United…
Recently, the president of an association of physician leaders asked me how physicians should structure their businesses in 2026. My law firm contributes news articles of interest to their association. I told him that I would write an article on the topic that could be posted in the association’s newsletter. Initially, I found this question…
Whether you’re a small or medium-sized business owner seeking tax or business representation, or an individual seeking estate assistance, we are ready to provide vigorous and compassionate legal support. Reach out to Coleman Jackson, P.C. today to discuss how we can help you.