https://www.bloomberg.com/view/articles/2017-11-13/a-gift-from-republicans-to-all-those-llcs-and-lps A great discussion of the history and subsequent growth of the use of entities by business. /djs
https://www.bloomberg.com/news/articles/2017-11-07/your-guide-to-following-the-u-s-tax-cut-debate-quicktake-q-a Not it quite a lock without Democratic support and not all Republicans have signed on. Potentially, Congress can carryover to 2018 with heavy lifting on other issues arising in December including budget resolution on spending and Border Wall. If you have questions or concerns give a call to further discuss. /djs
A recent case in MA exhibits the strong potential for a court to find a text message response a sufficient writing to bind a party to a contract. How often do we text with family and friends? To what extent are text’s used in a business setting? When texting – do you give it the […]
House of Oscar De La Renta – Loss of timeless icon provides planning lessons for family business owners and advisors.
Business & estate planning impacts much more than just numbers as typified with the loss of storied personality and icon, Oscar De La Renta. Protection planning incorporates family relationships, numbers and strengthening the institution of the enterprise because as Scott Martin writes, “what separates an institution from personalities is of course procedure, a system of […]
Business owners who use IRAs as cash reserve may want to consolidate IRAs – IRS to follow Tax Court ruling on IRA one-rollover-per-year rule
In Announcement 2014-15 the IRS indicated that it will allow only one tax free roll-over-per-year from all of a taxpayer’s Individual Retirement Accounts (“IRA”). Rule: Generally, Section 408(d)(1) holds any distribution from an IRA, is a taxable event subject to income tax. Section 408(d)(3)(A)(i) provides that a taxpayer who takes a distribution but returns the […]
Shareholders in C or S corporations or members in LLCs typically receive strong protections when operating their business. Where formalities are followed in maintaing the entity structure, these options limit the claims of business creditors to assets owned by the entity. In other words, where a claim is brought against an entity, and formalities are […]