Federal Government Raises Limit on Tax-Free Lifetime Gifts

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  Announced recently, the Internal Revenue Service raised the limit on tax-free transfers during life or at death. Starting in 2015, the limit, known also as the basic exclusion, will increase from $5.34 million this year to $5.43 million next year. However, the IRS also stated in the same announcement that the annual giving exclusion… Read more »

Business Formation in Aurora

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If you are an entrepreneur in Aurora with an idea for a small businesses or an experienced business owner looking to set up a new entity, one of the first steps is business formation. As part of the business formation process, you must choose which type of legal business entity your new business will be…. Read more »