Worth Law Group, PS - Untitled 1

Abusive Tax Schemes Involving Indian Tribal Governments

Federally recognized tribes are sovereign legal entities, similar to state governments, with all the rights and attributes of a sovereign entity such as a state. They have a constitutionally guaranteed status as sovereign entities. An Indian...

Inherited IRAs

How you treat a traditional IRA that you have inherited depends on whether you inherited the retirement plan from a spouse or from someone other than a spouse.

Inherited From a Spouse

If you are...

Overview of Section 401k Plans

A section 401(k) plan is a type of deferred compensation plan that permits an employee to have his employer set aside a portion of his or her wages in the plan on a pre-tax basis. Upon making an election to participate in a 401(k) plan, the...

S Corporation Officers as Employees

Generally, officers of a corporation are employees for employment tax purposes, and their compensation is wages. Thus, their wages are subject to social security, Medicare, and federal unemployment taxes along with withholding for federal income...

Types of Section 401k Plans

There are three basic types of 401(k) retirement plans that an employer may choose from: a traditional 401(k) plan, a safe harbor 401(k) plan, or a SIMPLE 401(k) plan.

Traditional 401(k) Plan

One of the major...