For the sixth consecutive year, Mark C. Milton was named a Missouri & Kansas Rising Star by Super Lawyers®, a Thomson Reuters rating service of distinguished attorneys....
Continue readingNew rules under the Corporate Transparency Act (CTA) now require many corporations, limited liability companies and other entities to report beneficial ownership and other information to the Financial Crimes Enforcement Network (FinCEN)....
Continue readingFile Your St. Louis City Earnings Tax Refund Claims With Milton Law Group....
Continue readingDeveloping an estate plan is crucial for ensuring your assets are distributed according to your wishes after you pass away. It also provides peace of mind during your lifetime and a lasting legacy for your children and loved ones. Here are 10 key estate plan considerations to keep in mind when thinking of an estate plan. Assets Inventory Begin by listing all your assets, including real estate, bank accounts, investments, retirement accounts, life insurance policies, and personal belongings. Beneficiaries Decide who you want to inherit your assets. This could include family members, friends, or charitable organizations. Be clear about what each beneficiary will receive. Guardianship If you...
Continue readingMilton Law Group has compiled four valuable tips to help make next year's tax season go smoother and cause less stress....
Continue readingIt’s tax time again and we hope you will be returning to Milton Law Group for your 2023 tax return preparation needs! Our tax return preparation process (outlined below) is designed to provide more convenience to our clients and ensure a smooth and efficient experience. Over the next few days, you will receive a series of emails via our client portal that do require your attention: Step 1. You (and your spouse, if applicable) must review and e-sign our engagement letter for tax year 2023. If you are married, both you and your spouse will receive separate emails requesting you to e-sign the...
Continue readingIn the ever-evolving landscape of digital media, social media influencers and content creators have carved out a unique space as digital entrepreneurs. Some have raked in huge amounts of taxable income that will be reported to the IRS on 1099s, but not subject to withholdings. This could result in large unanticipated tax liabilities if not planned for appropriately throughout the year....
Continue readingFor the fifth consecutive year, Mark C. Milton was named a Missouri & Kansas Rising Star by Super Lawyers®, a Thomson Reuters rating service of distinguished attorneys....
Continue readingIn August 2022, Congress passed the Inflation Reduction Act (IRA), which included a provision that increased the IRS budget by $80 billion over the next 10 years. Although over $20 billion was recently cut from the IRS’s budget as part of the debt ceiling bill, the remaining $60 billion accounts for a significant increase from the IRS’s 2021 budget and the long-term tax compliance objectives remain the same. ...
Continue readingWith March Madness underway, and the mid-April tax deadline approaching, student athletes who receive NIL money should be mindful of the related tax consequences and money saving opportunities. ...
Continue reading