Study Shows Family Businesses Not Implementing Plans

Estate Valuation – Win for Taxpayers!

When a decedent dies owning stock in a closely held corporation or partnership, the valuation of those shares is a perennial problem precisely because they are closely-held (i.e., there’s no ready market for the ownership interests). Since estate tax is ad...
Study Shows Family Businesses Not Implementing Plans

Uncle Sam May Tax Your Foreclosure

Real estate is an integral part of many savers’ retirement portfolios, even when not part of a qualified plan (IRA, 401(k), etc.). With the recent downturn in the real estate market (I am referring primarily to residential real estate), foreclosures have become...
Study Shows Family Businesses Not Implementing Plans

PPA 2006 Affects Valuation Rules

The Pension Protection Act of 2006 (signed into law in August 2006) changed the documentation rules for non-cash charitable contributions. The knee-jerk reaction is to focus on these new rules as merely requiring more receipts when we donate household items to a local...