Posts Tagged ‘Trusts’


Fall Seminar Series

Back to School with Expert Advice

Join Us for Dinner & Important Discussions

You’ll Want to Hear

 

Wednesday, October 4th    

Making Your Wishes Known & Protecting Your Legacy

5:30pm-7:00pm at 360 East Center Street, Manchester, CT

Attorney Lou Spadaccini of Blackwell & Spadaccini LLC, leverages practical advice for Connecticut residents to maximize their legacy and minimize costs and delays. Some of the topics covered include: Estate Planning & Trusts; Wills; Power of Attorney; Health … Continue reading »


3 Proven Reasons a Connecticut Business Owner Should Elect Subchapter S

Gesture - Three Fingers (with clipping path)

 

 

Business owners of corporations will by default have a “C” Corporation.  If they are eligible and they elect, they could be a Subchapter S (“Sub S”) corporation.

 

 

 

An eligible Sub S corporation meets the following criteria:


The Difference Between the FBAR and IRS Form 8938

 

Investors with offshore accounts must be familiar with the filing requirements of the FBAR and IRS Form 8938.

FBAR

Any U.S person with offshore accounts that had more than $10,000 in them any time during the year must file Form TD F 90-22.1, the so-called FBAR (Report of Foreign Bank and Financial Account).  A U.S. person includes individuals, partnerships, corporations and estates and trusts.  This form must be received (not postmarked) by the U.S. Treasury Department by June … Continue reading »


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