What Happens When a Trust Terminates?

Termination of a trust is like dissolution of a business organization. In both cases, there is a winding up period before the entity legally ceases to exist. Usually, this means paying any outstanding trust obligations, liquidating assets, filing final income tax...

Are Gym Fees Subject to Sales Tax in Tennessee?

Yes. See Tennessee Department of Revenue Notice #18-09 (June 2018): … dues or fees paid to health clubs or other facilities featuring exercise or other active physical fitness conditioning are subject to sales tax, unless a specific exemption applies. This...

November 2018 7520 Rate

Moving up. The 7520 rate for November is 3.6%. This is an increase from previous months. The rate was 3.4% for the preceding 4 months. A chart showing historical rates since 2008 is here. Some estate planning techniques benefit from rising rates. These include...