The Wealth Strategies Journal has posted a new article entitle "2011 in Review" by Robert Moshman, Esq.From the article: "The past year, 2011, was undoubtedly commendable in many respects that will become evident to historians someday...but for the rest of us,...
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The Wealth Strategies Journal has posted a new article entitled. "New Risks for the New Generation: Encouraging Families and Family Owned Businesses to Implement a Family Risk Management Policy," by Patricia M. Annino.From the article: "Families and family owned...
Melissa Cover Selinger has published "On The Money: Estate Planning Window of Opportunity" at BizTimes.com. The article describes the favorable estate tax and gift tax circumstances that will expire Jan 1, 2013, namely the 35% top rate on gift and...
Tax evasion has become a popular political theme. In movies and popular stories swiss banks have been known for their bank secrecy tradition. However, often overlooked is the role of small banks in hiding bank identities which leads to tax...
The Wealth Strategies Journal has posted a new article, entitled "Cross Purchase," by Martin M. Shenkman, CPA, MBA, JD.Summary: Buyout agreements are vital to family and closely held businesses. With the economic turmoil and rapidly changing laws you need to...
Doria D. Aronson has written "United States: Know the Law - Paying Gift Tax" In the Manchester Union Leader. The article makes four suggestions to minimize the impact of the gift tax. They are:1) Pay for your children's education. Tuition...
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The Wealth Strategies Journal has posted a new article entitled, "Intra-Family Loan Valuation Issues" by Aaron M. Stumpf and Jesse A. Ultz.From the article: "With the looming threat of Congress passing legislation that would curtail the application of valuation discounts for minority...
An analysis of the financial situation for the past years reveals that our downward economy has made investors re-think their choices and invest in safer alternatives such as bonds. In the economic sciences field, Mr. Daniel Kahneman, a Nobel...
Continue reading "Analyzing Financial Choices for the Upcoming Year after a Bleak 2011"
In emailed advice published by Tax Analysts, the IRS stated that a levy may be issued in the United States for a foreign bank account held by a U.S. taxpayer. Based on those facts, the taxpayer had an overseas account with...
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The Wealth Strategies Journal has posted a new article entitled, "Warning! The Service Believes S Corporations are Undervalued," by Daniel R. Van Vleet.From the article: "The 1999 decision of Gross v. Commissioner ("Gross") fundamentally changed the manner in which valuation experts and...
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According to a new study in the book Preparing Heirs, Victor Preisser and Roy Williams note that 70% of family wealth transfer and business succession plans fail. This statistic should encourage those who are looking to make an estate plan...
The Wealth Strategies Journal has posted a new article entitled "Cross Tested Retirement Plans," by Nick Paleveda. From the article: "A 401(k) plan is a plan to defer salary also known as an elective deferral plan. 401(k) plans was passed...
The Wealth Strategies Journal has published a new article entitled, "When Can I Retire? Answers from the Historical Record," by Wade D. Pfau, Ph.D, CFA.From the article: "This study extends a framework for determining whether one is on track...
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The Wealth Strategies Journal has posted a new article entitled, "A Gift From Congress: Gift Up to $10 Million Tax-Free," by Stephen Colella, CPA and Sarah Wulf, CPA.From the article: "For a limited time, married taxpayers can make lifetime gifts...
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The Wealth Strategies Journal has posted a new article entitled, "Stairway to Estate Planning Heaven," by Martin Shenkman, CPA, MBA, JD.From the article:"Summary: Led Zeppelin's classic hit has remained popular with boomers as a paradigm for their estate planning. Rung...