At last, a tax-deferred concept that gives high returns
Tax-free investments are big. The interesting ones are even bigger. Logically, tax-free should be No. 1. But the cruel fact is that with the exception of life insurance — you must die to get your...
View ArticleBusiness appraisal protects your family from unnecessary taxation.
Do you know how to make a grown man cry? Tell him his business has been destroyed by fire, flood or an act of God. Yes, a tragedy. Bad stuff. But, most likely, the loss was insured — a bit of help....
View ArticleIrv Didn’t Invent Taxes, Just 227 Ways To Beat Them
There are three main ways the federal tax law picks your pocket and becomes your legal partner: payroll taxes, the income tax and the estate tax. So, how can you fight back? Here are five areas in...
View ArticleMulti-generational planning means more wealth for all.
While browsing though my small mountain of files looking for ideas on what to write, I ran across a timely and interesting article in an old issue of Newsweek titled, “Darling, It’ll All Be Yours —...
View ArticleFind ways to keep top executives happy in order to attract others.
Most of my consulting time is spent putting together wealth-transfer plans for successful business owners. Invariably, about half of my clients bring up two critical and related operational problems:...
View ArticleSick of paying tax? Call a tax doctor for a second opinion
Often, I feel like an old-fashioned country doctor makin’ house calls. But there is a difference: my patients are sick of paying taxes. Recently, I visited a successful family business in North...
View ArticleA smart way to transfer your business
This article is about an old IRS letter ruling that is one of my favorites. It might be labeled “The lazy man’s way to plan your business transfer.“ The ruling shows you how to take advantage of some...
View ArticleHow to invest your accumulated cash profits
Business owners have many legitimate complaints these days: taxes, regulations, competition (from home and abroad), can’t find good people. The list goes on and on. Always has, always will. Yet the...
View ArticleDon’t go overboard with one kind of tax strategy
Professionally, my second love is writing this column. My first love is consulting with the people who read it. Every family I work with is different. So are their businesses, their situations, their...
View ArticlePlease write a check to the IRS for $3,167,000
Through the years, our office has listened to an endless stream of taxpayers complain about the income tax. But if you ever want to see anger, frustration and bitterness, meet with the beneficiaries...
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