The Year in ReviewAlacritously extricating ourselves from an excruciating 2011 By Robert L. Moshman, Esq."Great ideology creates great times."--Kim Jong Il (1941-2011) The past year, 2011, was undoubtedly commendable in many respects that will become evident to historians someday...but for...
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New Risks for the New Generation: Encouraging Families and Family Owned Businesses to Implement a Family Risk Management Policy ...
Cross PurchaseBy: Martin M. Shenkman, CPA, MBA, JDRedemption v. Cross-Purchase: There are two categories of buyouts: (1) Redemption (entity buys equity); or (2) Cross-purchase (each equity owner, say shareholder) buys the equity (say stock) of the other. Cross-purchase can provide...
Intra-Family Loan Valuation IssuesBy: Aaron M. Stumpf and Jesse A. UltzWith the looming threat of Congress passing legislation that would curtail the application of valuation discounts for minority interests in family-controlled entities, estate planners are exploring other techniques to accomplish their objectives....
Warning! The Service Believes S Corporations are UndervaluedBy: Daniel R. Van Vleet The 1999 decision of Gross v. Commissioner ("Gross") fundamentally changed the manner in which valuation experts and the Tax Court treat valuations of S corporations. FN1. In this decision,...
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Cross Tested Retirement Plans: The Future of Tax and Asset Protection Planning for Small BusinessBy: Nick Paleveda, MBA, JD, LLMTYPES OF RETIREMENT PLANSThe 401(k) Plan.A 401(k) plan is a plan to defer salary also known as an elective deferral plan....
A Gift from Congress: Gift Up To $10 Million Tax-FreeBy Stephen Colella, CPA and Sarah Wulf, CPAFor a limited time, married taxpayers can make lifetime gifts of assets worth up to $10 million without paying federal gift taxes or other...
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Stairway to Estate Planning HeavenBy: Martin M. Shenkman, CPA, MBA, JDSummary: Led Zeppelin's classic hit has remained popular with boomers as a paradigm for their estate planning. Rung by rung you can improve your tax and asset protection benefits by...
Resurrecting the $20-Million Estate: Don't Forget About the BDIT!By: Robert L. Moshman, Esq.Estates in the $10-million to $20-million range need to start planning immediately. Two limousines pull up alongside each other. The passengers roll down their windows. A bottle is exchanged. Is it Dom...
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Avoiding a GSTT Asteroid FN1Revisiting a Dangerous Adversary: The Generation Skipping Transfer TaxBy: Robert L. Moshman, Esq."It hit with the force of 10,000 nuclear weapons. A trillion tons of dirt and rock hurtled into the atmosphere, creating a suffocating blanket of dust the...