Monthly Archives: March 2018

Estate Planning and the New Tax Law
The new tax law promises many sweeping changes including a decrease in taxes for most Americans. It is also going to make changes in estate taxes which may have some people worried as they have made plans based on an old law. One step that many have taken in the past to reduce estate taxes might be a problem due to the nature of that strategy.  That strategy is...
WHAT IS THE ORIGIN OF THE FEDERAL INCOME TAX?
In the early years of the United States of America, there were very few taxes. Up until 1802, the nation was mainly supported by taxes on goods (such as tobacco, carriages, sugar and spirits). During the War of 1812, a sales tax was introduced to offset the high cost of war. The origin of the income tax on individuals is generally recognized to be the passage of the 16th Amendment...
Commercial Litigation for Services Rendered
When a contractor or subcontractor wins a bid to improve a commercial property, they make plans to fulfill that contract to the best of their ability. However, during the work, a problem may arise in the financial well-being of the company that awarded the contract. When this happens, payment for services rendered may not be made on time to the contractor who cannot make payment to his subcontractors. The...