Before deciding to modify a trust, it is important to consider the tax implications of such action. Modifying a trust could adversely affect income, gift, estate, and/or generation-skipping transfer taxes. Trusts generally are
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Historically, Virginia has limited the availability of divorce, requiring that the spouse seeking divorce present evidence showing that the other spouse had caused the marriage to deteriorate. If the court was not convinced
An Employer Identification Number (EIN) is a type of Tax Identification Number (TIN). There are many kinds of TINs, including Social Security Numbers (SSNs). An EIN is like a SSN but is used
Contracts are the foundation of modern business relationships. Contract law as we know it today originated in English common law, but contracts have been around since ancient times. Many of the earliest examples
Business owners must constantly weigh risks versus rewards when evaluating growth strategies. One such example is investing in the ownership of commercial property, which involves more responsibilities and expenses than leasing a space.
Groups exempt from federal income taxation under § 501(a) must file Form 990 to report on their finances, activities, and governance. The IRS uses Form 990 to gauge whether tax-exempt organizations are adequately
Setting up a nonprofit on your own can be confusing. People generally use the word “nonprofit” to refer to groups that are exempt from federal income tax under Internal Revenue Code Section 501(c)(3).
While many employers discourage employees from discussing wage and compensation with each other, it's important for you to know that all employees have the right to discuss their wages under both federal and
Churches often use photographs that they’ve taken during worship services, conferences, and outreach events on social media, the church’s website, and promotional or informational materials like brochures and flyers. But using such photos
People often change their name when getting married, after a divorce, or for a host of other reasons. The steps to changing one’s name differ depending on the context in which the change
