Under a Last Will and Testament, a decedent disposes of both their tangible personal property as well as their intangible personal property. Questions might arise in the context of administering an ...

We use the term "goodwill" to identify the intangible but valuable asset of a business arising from its reputation and customer relationships. We use the term "goodwill" to identify the intangible but ...

While many of the reasons for a family business to choose being a C corporation have been eliminated over the years (the deduction of shareholder health insurance, for example), there are still ...

The concept of goodwill as property is often confusing as it is intangible, often impossible to separate from the underlying asset, difficult to value and legally ambiguous. Image source: ...

As part of our ongoing series on tax issues for accounting firm transactions, this article discusses the benefits of utilizing personal goodwill in accounting firm M&A deals when appropriate. Personal ...