by Bruce E. Bell | Feb 1, 2017 | Bruce E. Bell, Tax Corner
Question: I would like to reduce my taxable estate but approximately two-thirds of my assets are held in a traditional IRA and the balance is held in cash. Is there any planning I can undertake?Answer: Traditional Individual Retirement Accounts...
by Bruce E. Bell | Jan 3, 2017 | Bruce E. Bell, Tax Corner
Question: I operate a business as a limited liability company which I am considering converting to an S corporation given the recent increase in the Social Security wage base. I am not certain I want to forego the liability protection I enjoy from...
by Bruce E. Bell | Dec 1, 2016 | Bruce E. Bell, Tax Corner
Question: I am approaching age 70 ½ and wish to postpone distributions from my company’s 401(k) plan or, alternatively, minimize my required distributions. What, if anything, can I do?Answer: Distributions of a participant’s qualified retirement...
by Bruce E. Bell | Oct 31, 2016 | Bruce E. Bell, Tax Corner
Question: I plan to give stock of my corporation to my child. Since my child is an adult, is there any reason I should not make an outright gift?Answer: One general principle of gifting is to not give away anything you might want back at some point...
