EVERYTHING YOU SHOULD KNOW ABOUT WHO SHOULD OWN BUSINESS REAL ESTATE

The first commandment of my someday-I-will-write-it bible of taxation would be “Thou shalt not put real estate into a corporation.” We see it at least a dozen times year: When [...]

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A SIMPLE WAY TO SOLVE YOUR BUSINESS SUCCESSION PROBLEM

Own a family business?…. Want to transfer it to your kids? Then you’ll love this article. It’s about an old IRS letter ruling that is one of my favorites. It [...]

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THE BEST WAY TO TRANSFER YOUR SHARE OF A CLOSELY HELD CORPORATION WHEN YOU AND THE OTHER SHAREHOLDERS DON’T GET ALONG

Many of the columns I write and the seminars I give deal with family business succession planning. Can you guess the most common succession situation and related problems?… Getting the [...]

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AT LAST, A TAX LAW (CAPTIVE INSURANCE) THAT ACTUALLY CUTS YOUR COST OF DOING BUSINESS, WHILE YOU AND YOUR BUSINESS ENJOY TAX-ADVANTAGED BENEFITS

The Internal Revenue Code is not a friendly creature. It is designed to “taketh” your money; “giveth” is not in its vocabulary. Yet, there is a section of the Code [...]

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WINNING THE TAX GAME – FOR A FAMILY BUSINESS – REQUIRES SOLVING TWO SETS OF PROBLEMS: MONEY AND HUMAN

Recently, I read an article titled, “What Makes For Success?” by Kemmons Wilson, the founder of Holiday Inn. He said, “It is great to attain wealth, but money is really [...]

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WANT TO LEARN HOW TO TURN YOUR QUALIFIED PLANS FROM A DANGEROUS TAX TRAP INTO A GREAT TAX-ADVANTAGED VICTORY?

There are many types of qualified plans: pension, profit-sharing, 401(k) and IRAs are the most popular. True enough, each is a great tax strategy if you ultimately need the plan [...]

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The best way to handle a new business opportunity

Every year, this must happen a million or more times. What? A successful family owned business is presented with or dreams up a new business opportunity with good (maybe even [...]

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How a second opinion enriched Joe and his family at the expense of the IRS

This is a war story. Joe, a 60-year old reader of this column, owned 100-percent of Success Co. He called me and wanted to know which of two estate plans [...]

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A report on the 2006 wealth transfer plan test

Back in early 1995 I wrote a long article for this column titled, “A New Plan to Beat the Estate Tax.” The article said in part: “If you use the [...]

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How to turn your hidden assets into cash

Does $120,000, $200,000 or more paid to you — in cash — sound interesting? Without any investment, risk or work? We call it the “Hidden Asset Strategy” (HAS). What is [...]

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