What does it mean to control an asset?
The answer is sometimes complicated and always of great interest to the Internal Revenue Service.
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A Tax Strategy Gone Wrong
Tag Archives: Tax Issues (Sentinel)
Working With Working Interests
With oil prices recently falling to post-recession lows, not many investors are looking for the best way to get into the energy sector, yet there are some interesting possibilities for those who want to go against the herd.
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How To Value A Professional Practice
If you have seen the television show “Shark Tank,” you have probably heard this question: “How do people actually value a professional business?” Many factors go into a valuation, and “Mr. Wonderful” does not always have the right answer.
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A New Tool To Address Special Needs
In Washington’s current hyper-partisan climate, a law with strong bipartisan support is worthy of notice. Yet one such law, which had the further distinction of creating a new financial planning option for individuals with disabilities and their families, may have flown under your radar as 2014 wound to a close.
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How To Benefit From Tax Diversification
Tax diversification is integral to a well-structured retirement plan. By holding assets in accounts with different tax treatments, such as …
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When And How To Make An 83(b) Election
Many people associate taxes with only one date: April 15. In reality, though, tax planning should be a year-round part …
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How Do You Know If Your Domicile Has Changed?
While home is said to be where the heart is, that definition is unlikely to pass muster with state and local tax authorities, who have a vested interest in a more specific definition.
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Planning For Portability
In a world of smartphones and tablets, portability is something we take for granted in our gadgets. But thanks to some recent legislative changes, it is now something that estate planners can take for granted too.
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Charitable Giving With Retirement Benefits
Retirement funds and charitable planning may not be two areas most people would naturally think to combine. But in many cases, donating retirement benefits to charity can be an ideal solution, both for the donor and the recipient.
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Income Tax Planning For Large Estates
Recent income and estate tax updates have adjusted how the planning game should be played. If your estate plan was drafted before they came into effect, reconsidering how you structure your estate could save you tens of thousands, or even millions, of dollars.
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