The economic substance doctrine states that a transaction’s tax benefits will not be allowed if the transaction does not have economic substance.

Frequently, a deceased employee will have a spouse (with one or more dependents) who may have an urgent need for cash and request that the final paycheck be paid directly to him or her.

Situations often arise when successful business persons or otherwise wealthy individuals find themselves in a situation where their health has deteriorated resulting in a less than normal life expectancy.

What to know about gifts of cash, property and services.

Dickinson business and banking law attorney Marc Ward was re-elected for a third term as president of the Taxpayers Association of Central Iowa at the group’s annual meeting on February 8.