How to S T R E T C H Your IRA

- By : Parag Patel

…3. Establish and maintain separate accounts for your beneficiaries. If you have two or more beneficiaries, you need to set up a separate account for each one of them. You…

Parag Patel Esq. speaks at NJCPA Tax Seminar: “Under the IRS Microscope: International Tax Reporting Update” and “What Tax Professionals Should Know About Trusts and Estates”

- By : Parag Patel

…and “What Tax Professionals Should Know About Trusts and Estates”. The Webinar description is below: With new funding, the IRS will aggressively scrutinize taxpayers with foreign accounts and income. Tax…

Stretching Your IRA to the Next Generation

- By : Parag Patel

It’s no secret that retirement accounts come in all shapes and sizes … from the account that is strictly set aside to generate retirement income to an account earmarked for…

What Do Tax Lawyers Do?

- By : Parag Patel

…can determine whether you qualify for penalty relief and help you eliminate these extra fees. Tax Levy Release: When the IRS claims your property or your accounts via a tax…

Watered-Down Build Back Better (BBB) For High-Income Taxpayers

- By : Parag Patel

…that are often utilized when valuing an interest in an entity that holds non-business assets; The imposition of investment restrictions on IRAs that would prevent retirement accounts from holding certain…