Blog Posts
Nathan R. Olansen
Experienced Estate, Corporate, and Tax Lawyers Serving Virginia and North Carolina.
CTA Enforcement Temporarily Halted: Federal Court Issues Nationwide Injunction – December 2024 Update
On December 3, 2024, a United States District Court for the Eastern District of Texas issued a nationwide, preliminary injuncti…
What is the Difference Between Trustee, Executor, and Power of Attorney?
Estate planning involves different types of documents, legal terms, and even roles to assign. As the testator (the person creat…
Reasons Why You Should Hire a Professional Executor
For clients with considerable wealth, the process of appointing an executor for their estate or trustee for their trust is a de…
Are Powers of Attorney Responsible for Medical Bills?
Understanding Your Financial Responsibilities as a Power of Attorney in Virginia According to a Genworth’s 2021 Cost of Care Su…
Top Reasons for Disputing a Trust in Virginia
A trust is a valuable tool for saving your loved ones from the probate process and reducing disputes over inheritances. Unfortu…
Know the Signs of an Employee Retention Credit Scam
If it sounds too good to be true, it probably is. The IRS has sounded the alarm repeatedly regarding a scam involving the Emplo…
Can a Trustee Sue a Beneficiary?
When you are named the trustee of a trust, it comes with responsibilities you need to be prepared to take. A trustee has a grea…
Guide to the Probate Process and How It Works
Probate, the official process of authorizing a will, can take several months to a couple of years. If you have a large estate, …
Transferring a Property With a Mortgage Into a Trust
Most of the population who own homes are not yet “free and clear.” If you own one or multiple homes, when doing your estate pla…
Domestic Partners Estate Planning in Virginia
If you and your significant other are unmarried but live together, it is essential to know that you are not receiving the full …
How an Asset Protection Trust Protects Your Assets
No matter how much money, real estate, and other assets you own, one of your goals will always be to protect those assets with …
Crypto Assets Estate Planning in Virginia
Cryptocurrency has existed in various forms since the 1980s, but it only became widely popular about a decade ago. Now, there i…
Labor Department Withdraws Independent Contractor Rule
The United States Department of Labor (the Department) has announced a final rule withdrawing the “Independent Contractor Statu…
New Law Relaxing PPP Loan Forgiveness Rules
On June 5, 2020, the President signed into law the Paycheck Protection Program Flexibility Act of 2020 which makes additional c…
House Passes Bill Relaxing PPP Loan Forgiveness Requirements
Last night the House of Representatives passed H.R. 7010 (Paycheck Protection Program Flexibility Act of 2020) by a vote of 417…
Treasury Issues the PPP Loan Forgiveness Application
Hot off the press, Treasury has issued the PPP Loan Forgiveness Application (SBA Form 3508). The 11-page application (we know, …
Coronavirus Updates
We hope you and your families are remaining healthy and safe during the COVID-19 pandemic. Rest assured, we remain open and con…
COVID-19; Have a Hospital Bag Ready To Go
If you must go to the emergency room and are admitted to the hospital forcoronavirus, you will be in isolation. You cannot have…
Individual Tax Relief Provided by the CARES Act
You may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. We know …
FMLA and Emergency Paid Sick Leave Changes on April 2nd
Changes to the FMLA and Emergency Paid Sick Leave Become Effective April – is Your Business Prepared? We hope that you an…
CFO Liable for Uncollected Payroll Taxes
Many business owners, CFOs, and other persons with authority over payroll, are unaware that failing to properly withhold and de…
More Disaster Victims in Virginia Qualify for Tax Relief
Victims of recent severe storms and flooding in numerous states have more time to make tax payments and file returns if they ar…
IRS Installment Agreements
When you owe money to the IRS, penalties and interest can add up, and eventually, the IRS can collect the money you owe with fo…
IRS Collection Alternatives Overview
When you owe money to the IRS, penalties and interest can add up, and eventually, the IRS can collect the money you owe with fo…
Make Sure to Check the E-File Status of Your Tax Return
This is the unfortunate case of John Spottiswood and Nancy Miyasaki, a married couple seeking an abatement and refund of penalt…
DIY Estate Planning is No Bargain
Over the last decade, the do-it-yourself (DIY) philosophy has grown exponentially and now has spread into estate planning. Howe…
Key Provisions of the Tax Cuts and Jobs Act
As you might expect, I receive a ton of questions every day about how the new tax law is going to affect individual, business, …