What is the best way to distribute money from a trust to minimize taxes?

As Derek pointed out, you generally don't want the trust to pay tax on income because trusts are generally taxed at high rates. If you distribute...

Using profits to buy multi family real estate

No, the acquisition of the real estate will not shelter the income. However, the investment in the multi family real estate may generate...

I'm looking for tax planning, tax legal service from someone is very familiar in the areas of ICO's , bitcoin/altcoin?

These are challenging questions and you should consult a tax attorney knowledgeable in this area. Here are my thoughts: 1. From a tax...

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Yes, assuming no personal physical injury, the settlement is taxable, and will likely be reported on a 1099. If the claim relates to property, you...

How can I bring personal funds to US legally and not be subject to tax?

If the funds are a gift from your parents, you do not need permission from the authorities to bring the funds into the United States. You will not...

Does my wife have a tax consequence?

This sounds like a gift from your wife's brother to your wife. I don't understand why your brother is saying he has no tax consequences on the...

Generally, the statute is 3 years from the date of filing the return. The self-employment tax and income tax have the same statute of limitations....

Taxes on settlement?

Your tax will be lower if the $14,000 is non-wages. Your employer will also pay less tax because they have to pay employer tax on wages. But if...

How can I determine if it is more convenient to incorporate an LCC in California or in Delaware?

There is no tax advantage to form an LLC in Delaware, but there can be non-tax advantages. Many business attorneys prefer using Delaware entities...

Legal guidance to start a for-profit club?

From a tax perspective, you will want to be careful to understand where the services are being performed. If the services are being performed only...