Caution With S Corporation Losses
The Tax Code allows you to deduct losses to the extent you have money invested in the S. If you try to deduct beyond that threshhold and it isn't your personal money, expect problems with the IRS...
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The Grand Divorce
How does total domination in a sector of the economy play out for the shareholders of the leading company involved?
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Become the Landlord of Your Stocks
If you are able to understand the principal concepts of how to become an effective landlord of real estate, then applying the same principles on how to become an effective landlord of your stock...
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Walk The Walk, Talk The Talk
If you spend 11 years leading a not-for-profit that does nothing, you can expect your 501(c)(3) status to be revoked by the IRS.
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The Frightful Five and Investors’ Lament
Will tech have its problems in the future like it has had in the past? The most damning words in investing are, “It’s different this time.” Buyers beware.
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Check Your Privilege, Home-Owners Association
When the client is an incorporated association and not an individual, questions arise as to which people function as the “client” as far as attorney-client privilege is concerned.
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A Tax Shelter In The Making
The ins and outs of "captive" insurance companies - and making sure that you don't use your captive for other than its intended purpose or the IRS will come calling.
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Mean Reversion and The Bell Curve
Over a three-year time period, stock prices tend to mean revert. This has spawned numerous investment approaches which try to squeeze capital gains out of those reversions.
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An Extreme Way To Deduct Expenses Twice
A tax is a tax, but to a great extent, the estate tax and income tax stay out of each other’s way. However, there are some exceptions when there are unexpected outcomes when these two taxes...
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Future Expected Investment Strategy Determines Value of Family Limited Partnership Interest
The disagreement was on two issues, (1) the proper valuation method to be used, either the capitalization of dividends approach or the net asset value approach (NAV), and (2) the appropriate...
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HRAs Are Back
In 2017, Health Reimbursement Accounts (HRAs) will be available to employers with fewer than 50 full-time-equivalent employees and are tax-free as long as employees also have health insurance.
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Net Neutrality or Level Playing Field
“Net Neutrality” is a worthy concept in theory, but the loss of its most powerful supporter and bureaucrat will significantly change the landscape of internet access and concentration issues in...
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Would You Believe?
Can a trust make a charitable donation? It may seem like a simple question, but timing is everything, and if trustees don't follow the details of the trust agreement, the charitable deducation can...
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Business League: A Different Type Of Tax-Exempt
A business league is a 501(c)(6). Payments to a 501(c)(6) are not deductible as contributions. They are, however, deductible as a business expense- which makes sense as they are business leagues...
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Construction Defect Warranty Claims
Construction defect warranty claims are a frequent source of conflict between contractors and new home buyers. There are issues to keep in mind when construction defects are not resolved amicably...