A complete guide to the dynasty trust and the generation-skipping transfer (GST) tax. Learn how a long-duration irrevocable trust works, how GST exemption allocation shields wealth, why South Dakota and Nevada dominate, plus the asset-protection benefits and the step-up basis tradeoff for ultra-high-net-worth families.
Cost segregation lets commercial and rental property owners reclassify components into 5-, 7-, and 15-year MACRS categories, generating front-loaded deductions that improve after-tax cash flow. Here's how the engineering analysis works, what it costs, when it makes sense, and how to avoid recapture surprises.
The pro-rata rule silently taxes backdoor Roth conversions when you hold pre-tax IRA money. Exact steps, 401k rollover fix, Form 8606 filing, and 2026 income thresholds.
Should your small business elect S-Corp status in 2026? Learn the self-employment tax math, the $80k revenue threshold, reasonable salary rules, payroll complexity, and state-by-state gotchas.