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Mockensturm, Ltd. Legal Blog

3 estate planning errors you should avoid

Estate planning is a way for adults to ensure they’re doing what they can to care for their loved ones after they die. There are several different things to think about if you’re trying to make sure you have everything in order.  An estate plan can include a will and...

Is it a crime to make a mistake on your taxes?

Whether you’re doing taxes as a business owner or an individual, you’re expected to do them correctly. You may not officially have any training or education regarding how to do your taxes, as most people don’t. But there’s still an obligation to follow the regulations...

What role do trusts have in estate planning?

Estate planning’s primary goal is for you to pass down assets to your beneficiaries. While many people don’t think about this aspect of estate planning, finding options to ensure as much as possible finds its way to them is crucial.  Certain estate planning options,...

Helpful tips for business tax planning

Tax planning is an important part of owning and running a business. By implementing strategic tax planning measures, businesses can enhance cash flow, improve profitability and better ensure compliance with relevant tax laws. Several tips that can allow you to more...

How likely are you to be audited?

Many business owners and individuals fear an audit when doing their taxes. They are worried that they’re going to make a mistake and that the IRS is suddenly going to swoop in, looking for evidence of fraud and potentially handing out financial fines – or even making...