There are speculations the child tax credit is dropping to $1,000 by the year 2025. For years, the credit has been in effect to provide a monetary value for parents tasked with taking care of their kids -- they are the future after all. Additionally, kids are one of biggest drivers of the
Conklin v Davi: Adverse Possession and Marketable Titles
When engaging in real estate transactions, it is always best to draw up a contract which captures every conceivable detail of the exchange. Developing a thoroughly detailed contract will help to avoid the possibility of any legal disputes. The case of Conklin v Davi (1978) is a reminder of
Hawkins v McGee: The Case Every Doctor Should Know About
Every medical operation, no matter how familiar or routine it may be, carries a level of risk. There is always a chance that an operation will fail to produce its desired result. What’s more, there is always a possibility that a patient will suffer negative consequences from the operation. The case
Billionaires, Love Them or Tax Them?
There are 614 billionaires in the US and 2,755 billionaires in the world. Together they have over $13 trillion worth of wealth. The average net worth of an American, removing the wealthiest, is around $120,000.The billionaires in the US alone, control $5 trillion. According to Forbes, the top 1%
Choose Tenants Wisely: The Case of Reid v Mutual of Omaha Insurance Company
It is well known that acquiring property for the purpose of renting to tenants is a highly lucrative endeavor. A rental property can yield enormous financial gains, not only as a source of income, but write-offs and deductions as well.If you're looking to invest in a rental property however, it
Underhill v United States Trust Company: An Introduction to Trusts
A trust is a legally recognized arrangement in which property is held by one party (referred to as the trustee) for the benefit of a different party (referred to as the beneficiary). Trusts are frequently established in wills in order to ensure that property is adequately managed and controlled
Tax Loopholes to Keep in Mind this Season
Tax laws in the United States are complex and it's one of the many reasons there are as many tax loopholes that are. However, it's also why myriad taxpayers wind up paying more money than they need to and why it's advisable to enlist the services of an experienced financial advisor to maximize your
Proposed Limits on Tax Breaks for the Tech Industry
It's no secret that the tech industry gets some very large tax breaks, especially for startups and small businesses. However, some feel that the current 100% write off is too generous, and needs to be rolled back in order to fund other parts of the upcoming $3.5 trillion spending bill. As a way to