by Bruce E. Bell | Nov 8, 2021 | Bruce E. Bell, Insights
Many sales representative organizations, like other businesses, are structured as limited liability companies (LLCs). The preponderance of LLCs with more than one member are treated as partnerships for tax purposes. Some multi-member LLCs elect to be treated as...
by Bruce E. Bell | Nov 1, 2021 | Bruce E. Bell, Insights, Tax Corner
Question: As the owner of a pass-thru entity, can I benefit by paying my state’s new pass- thru entity tax? Answer: While state laws and situations vary, the new taxes many states throughout the country are imposing will likely benefit most entity...
by Bruce E. Bell | Oct 1, 2021 | Bruce E. Bell, Insights, Tax Corner
Question: A few years ago, I individually loaned a friend a sizeable amount of money. Since there is no chance I will be repaid, can I report a tax deduction for the amount loaned? Answer: Individuals who loan money in the non-business setting to...
by Bruce E. Bell | Sep 1, 2021 | Bruce E. Bell, Insights, Tax Corner
Question: What is the most tax efficient way for me to put away a large sum for my grandchildren’s college education? Answer: Although there are a number of tax saving vehicles available for college savings purposes, a Section 529 education savings...
by Bruce E. Bell | Aug 2, 2021 | Bruce E. Bell, Insights, Tax Corner
Question: Can I still make qualified charitable distributions from my IRA after the recent legislative changes? Answer: Qualified charitable distributions (“QCDs”) are still a viable planning opportunity despite recent legislative changes impacting...
