by Bruce E. Bell | Oct 10, 2019 | Bruce E. Bell, Tax Corner
Question:       I am a salaried employee and I also receive self-employment  income from a side business unrelated to my salaried employment. Am I entitled to a qualified business income tax deduction for my earnings? Answer:         Taxpayers meeting the statutory...
by Bruce E. Bell | Sep 3, 2019 | Bruce E. Bell, Tax Corner
Question: I own an interest in a limited liability company with others through which we operate a professional service business. Our company holds a significant amount of assets largely consisting of equipment, accounts...
by Bruce E. Bell | Aug 1, 2019 | Bruce E. Bell, Tax Corner
Question: I own a policy of insurance on my life that I am selling to a third party at a profit. What tax consequences and other concerns do I have?Answer: Any gain...
by Bruce E. Bell | Jul 1, 2019 | Bruce E. Bell, Tax Corner
Question:       I personally realized a large capital gain from the sale of my stock. Can I avoid or defer the gain by reinvesting some or all of the sale proceeds in a qualified opportunity zone investment? Answer:         A new trilogy of tax benefits are...
by Bruce E. Bell | Jun 7, 2019 | Bruce E. Bell, Tax Corner
Question: I am buying an insurance policy on my life that contains a long-term care insurance rider. Can I transfer the policy to an irrevocable insurance trust and still benefit from the long-term care...
