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  2. Comptroller of the Treasury of Maryland v. Wynne - Wikipedia

    en.wikipedia.org/wiki/Comptroller_of_the...

    Comptroller of the Treasury of Maryland v. Wynne, 575 U.S. 542 (2015), is a 2015 U.S. Supreme Court decision that applied the Dormant Commerce Clause doctrine to Maryland's personal income tax scheme and found that the failure to provide a full credit for income taxes paid to other states was unconstitutional.

  3. Loan-out corporation - Wikipedia

    en.wikipedia.org/wiki/Loan-out_corporation

    An effective use of the corporation status over that of an individual employment contract, may minimise the corporation's taxable income to near zero, even in the case of a C corporation. The key benefits of creating a loan-out corporation business entity are expense deductions, asset protection and tax deferral.

  4. Trust company - Wikipedia

    en.wikipedia.org/wiki/Trust_company

    A trust company can be named as an executor or personal representative in a last will and testament.The responsibilities of an executor in settling the estate of a deceased person include collecting debts, settling claims for debt and taxes, accounting for assets to the courts and distributing wealth to beneficiaries.

  5. Is a Family Loan Taxable Income? - AOL

    www.aol.com/family-loan-taxable-income-140055330...

    You do have to report the money unless the loan is small enough to trigger one of the exceptions. The IRS gives two de minimis exceptions for interest on family loans, which are:. The $10,000 De ...

  6. Are personal loans taxable? How personal loans affect your ...

    www.aol.com/finance/personal-loans-affect-tax...

    Personal loans’ tax deductions depend on how you use the money. You cannot deduct payments from your annual income for tax purposes when personal loans are used for personal needs, such as: Debt ...

  7. Money Talk: Trust in the flexibility of living trusts - AOL

    www.aol.com/news/money-talk-trust-flexibility...

    Deciding the best way to leave money to a heir can be complicated. When the choice is between naming someone as a beneficiary of an account or putting the account into a living trust, the trust ...

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