by Bruce E. Bell | Mar 1, 2023 | Tax Corner, Bruce E. Bell, Insights
Question: I own two separate businesses and am considering adopting a profit sharing and 401(k) plan for my employees. Is my advisor correct that the plan must cover the employees of both companies?...
by Bruce E. Bell | Feb 22, 2023 | Insights, Bruce E. Bell, Sales Rep Articles
The ownership of life insurance is a much-needed component of business succession and personal financial plans. Life insurance needs vary from funding needed to purchase the ownership interest of a business partner upon death, creating liquidity for the family of a...
by Bruce E. Bell | Feb 1, 2023 | Tax Corner, Bruce E. Bell, Insights
Question: My husband and I recently won the grand prize from my State’s lottery. Can you provide some guidance on how we will be taxed on our lotto winnings? Answer: ...
by Bruce E. Bell | Jan 3, 2023 | Tax Corner, Bruce E. Bell, Insights
Question: I have a significant balance in my individual retirement account. Can I use my IRA to purchase real estate? Answer: You can purchase real estate from your IRA....
by Bruce E. Bell | Dec 12, 2022 | Tax Corner, Bruce E. Bell, Insights
Question: I am contemplating selling my vacation home which my family uses for personal purposes and also rents to third parties. If I purchase a new vacation home, can I defer the recognition of gain on the sale through a tax-deferred exchange?...
