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December, 2021

Attention Businesses: Know What the Law Says about Receiving Cash Payments Over $10,000

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December 17th, 2021

Posted in Business Law

Has your business received cash or currency exceeding $10,000 in one transaction or related transactions within a year’s time from a client or customer? If so, the IRS requires you to file Form 8300 within 15 days of receiving the payment. If any additional payments are made during the course of a year, you must report those as well and file additional forms. Transactions that require Form 8300 include:


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Maybe You do Need a Trust – Here’s Why

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December 1st, 2021

Posted in Business Law

People need an estate plan if they want to ensure that their intentions will be honored after death with respect to the distribution of their assets. If you have an estate plan in place, does it also include a trust (sometimes called a living trust or a revocable trust)? If your current estate plan only consists of a last will and testament, you may want to consider also creating a trust.


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