The Great Sale of Baby Boomer Businesses Has Begun
Baby Boomers, that energetic group of people born between 1946 and 1964, are embarking on a great transfer of wealth…
State and Local Tax Impacts on a Business Sale
Tax implications triggered by the sale of a business can get complicated when you add state-based…
IRS Audits vs. Tax Planning – Tax Planning Offers You…
Did you know that statistics can offer some very interesting insights about probabilities? Take, for example, the probability of you…
Businessman Sells Company – Keeps Taxes in His Pocket for…
Family-owned businesses are a cherished American ideal, but it takes a commitment from multiple generations to keep such enterprises going.
Dentist Sells Practice After 30 Years – Defers Taxes Due…
The sale of a long-running business usually triggers a big tax bill, and small business owners often struggle to cover…
Crime Does Not Pay – Save on Taxes the Legal…
It distresses me to see a continuing stream of headlines in the financial media about tax cheats. Just recently two…
Apply 20/20 Hindsight Profitably Through Tax Planning
In tax planning, hindsight really is 20/20, for three reasons. First, you can learn from past actions what NOT to…
IRS Seeks to Limit Minority-Interest Estate Tax Moves
For years the IRS has been asking Congress to close a number of loopholes in tax law through which savvy…
Real Estate Developer-to-Investor Status Switch Didn’t Fly with IRS
Developing an action plan to maximize the profit you keep in your pocket in anticipation of a coming tax bill…
Asking for a Second Opinion Unlocks Great Tax Benefits
Our U.S. Tax Code is complex and multi-layered, with federal, state and local statutes competing to take their share of…