Why a GRAT Can Be GREAT
If you have property that’s rapidly appreciating or generating high earnings, and you’re ready to hand it down to your children or other heirs but want to continue receiving income from the property for …
by jofseyer
Why a GRAT Can Be GREAT
If you have property that’s rapidly appreciating or generating high earnings, and you’re ready to hand it down to your children or other heirs but want to continue receiving income from the property for …
by jofseyer
Estate Tax Repeal — Update
The Economic Growth and Tax Relief Reconciliation Act of 2001 gradually phases out the federal estate tax until its complete repeal in 2010. Without additional legislation, however, the federal estate tax will return in 2011.…
by jofseyer
Ask the Experts: How will my REIT dividends be taxed for federal tax purposes?
In order to qualify as a REIT, a company must comply with several strict tax rules. One of these rules requires a REIT to distribute at …
by jofseyer
Ask the Experts: What is a REIT?
A REIT, short for real estate investment trust, is a company that buys, develops, manages, and/or sells income-producing real estate such as office buildings, hotels, apartment complexes, shopping centers, and medical facilities. Congress …
by jofseyer
Don’t Make These Retirement Planning Mistakes
We all recognize the importance of planning and saving for retirement, but too many of us fall victim to one or more common mistakes. Here are four easily avoidable mistakes that could prevent you …
by jofseyer
Tax Deduction Facts You Can’t Afford to Overlook
You don’t want to pay more in tax than you have to. That means making sure you’re taking advantage of every deduction you’re entitled to. Here are some important facts you don’t …
by jofseyer
Do I Really Need a Living Trust?
Seminars sponsored by attorneys or financial planners often promote revocable living trusts. You may have wondered if you really need what these seminars are selling. The answer is probably yes, but it may …
by jofseyer
Ask the Experts: How can an FLP prepare for IRS scrutiny?
The IRS has often challenged FLPs, contending they were created solely for the purpose of avoiding estate tax. The tax courts have generally rejected these challenges, recognizing that most …
by jofseyer
Ask the Experts: Should our family business form an FLP?
An FLP, short for family limited partnership, is a business entity known as a limited liability partnership formed by family members only. All limited liability partnerships, including FLPs, have two …
by jofseyer
Taking Money Out of Your 401(k)
You’re probably familiar with the rules for putting money into a 401(k) plan. But are you familiar with the rules for taking your money out?
All 401(k) plans are not the same
Federal law …