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02Apr2018

Your Parent’s Retirement and Contemplating Long Term Care

The average age of a Reston adult is about 40, which means their parents are approaching retirement age. While 40-somethings are focused on career and making sure their kids are getting prepared for college, are they also making sure their parents are prepared for retirement? Our parents will inevitably need some form of long term
  • 2 Apr, 2018
  • suzette blackwell
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19Mar2018

General Needs Trusts – The Grantor’s Role

Effective trust administration requires getting a clear understanding of all parties’ expectations at the outset. As you begin the conversation with your designated trustees, the first thing they will want to know is “What is expected of me?” Generally, the trustee’s role is to administer your wishes as far as distributing the trust assets for
  • 19 Mar, 2018
  • suzette blackwell
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04Aug2017

Taking the Next Step: Why Your LLC Needs an Operating Agreement

When you form an LLC, you need to draft articles of organization that comply with the state’s LLC act and then file the articles with the appropriate state office. However, the articles of incorporation are broadly worded and likely don’t address members’ rights and responsibilities. Therefore, it is essential to consider the extra step of
  • 4 Aug, 2017
  • Karina Torres
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  • Global Law, Operating Agreement, Tax Deductions,
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30Jul2017

Tax Reform Will Hit Affluent Americans the Hardest

Americans earning between $149,400 and $307,900 stand to lose the most as a result of tax reform according to a new study done by the Tax Policy Center (“the Center”). The Center predicts that one-third of nearly 19 million households within that income bracket will see their tax bill increase by $3,000-$4,000 a year. Overall,
  • 30 Jul, 2017
  • Karina Torres
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08Nov2016

Income and Self-Employment Tax for Business Owners

When you decide to work for yourself, it quickly becomes apparent that having an employer made it incredibly easy to pay your taxes. When you were employed by someone else and received a paycheck, your employer withheld federal, state and local income taxes from your pay. In addition, your employer paid Social Security and Medicare
  • 8 Nov, 2016
  • suzette blackwell
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10Sep2016

Consular Guidance for Business Travelers, Tourists and Family Visitors (B-1/B-2)

Visitors from visa waiver countries (which primarily consists of European countries) may receive eligibility to travel to the U.S. without a visa by completing the Electronic System for Travel Authorization (ESTA) application. For all other visitors, submitting the visa application is only the first part of the process. In fact, the decision to grant a
  • 10 Sep, 2016
  • suzette blackwell
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11Apr2016

Real Estate Taxation

There has been no shortage of events in the area of real estate taxation across the world since our last news round-up on this subject just over a year ago, and, broadly speaking, two trends remain in place: while Western governments continue to use property as a means to raise revenue, certain Asian governments are
  • 11 Apr, 2016
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11Apr2016

What’s “Fiscal Residency” Anyway, And Why Does It Matter?

Once you do your taxes internationally, you will soon face the concept of fiscal residency, or residence for purposes of taxation. Especially if you have no previous experience with living and working abroad, or if you aren’t a financial expert, you may need to think about this topic for the first time in your life.
  • 11 Apr, 2016
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08Apr2016

Tax Freedom Day Comes Later For US Taxpayers

Analysis by the Tax Foundation (TF) has confirmed that, this year, Americans will have to work three days on average longer than in 2013 – from January 1 to April 21 (111 days) – before earning enough to pay off their United States tax obligations at the federal, state, and local levels. The TF has
  • 8 Apr, 2016
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