Question: I am one of two equal shareholders in a corporation and we are in the process of implementing a buy/sell agreement. Are there any reasons why the business should not own insurance on our lives to provide funds to purchase the shares of the deceased shareholder?
Question: I am selling my one remaining real estate investment property, have no mortgage on the property and a very low tax basis in the property. Is there a way I can defer the gain on the sale and reinvest the proceeds in stocks and bonds?
Question: What protection, if any, do I have now that the Supreme Court has ruled that IRAs are not exempt in bankruptcy?
Question: Since limited liability companies do not pay taxes, is there any reason why I should concern myself with the tax consequences of a limited liability company in which I am buying a minority interest?
Question: I am selling my business this year and will have significant income to report. I intend to make a meaningful gift to charity and would like the charitable deduction this year but do not yet know how I would like the money earmarked. Are there any vehicles that will enable me to accomplish this?
Question: I am a 50-year-old sole owner of a corporation, receive $200,000 per year in salary and have one employee who earns approximately $50,000 per year. My employee has no interest in contributing to a 401(k) plan. Am I prohibited from participating in a 401(k) plan?
Question: My colleague and I will become equal owners of a new limited liability company we are creating. My colleague will be contributing cash and I will be rendering services in return for our ownership interests. Are there any tax consequences?
Question: I wish for my estate to pass to my children upon my death and bypass my spouse. Are there any obstacles I need to be aware of?
Question: I am contemplating loaning money to my daughter to help her purchase her first residence. Does this make sense?
Question: I am the sole owner of stock in a corporation in which my child is actively employed. I wish to pass my shares to my child but provide a continuing income stream to my spouse once I cease working for the company. I do not want my spouse involved with the business. Any thoughts on how I might get started?