by Bruce E. Bell | Jul 2, 2021 | Bruce E. Bell, Insights, Tax Corner
Question: Â Given the possibility that the Federal estate tax exemption will decrease, should I make gifts now before the law changes? Answer: Â Â Â Depending on the amount of the gifts you wish to make, a 2021 gift could provide an overall tax benefit. The general...
by Bruce E. Bell | Jun 1, 2021 | Bruce E. Bell, Insights, Tax Corner
Question: Our business holds a large amount of cash which needs to be retained for various purposes. Is there a way to protect our cash without exposing these funds to our creditors? Answer: While there are various techniques which are available, one common...
by Bruce E. Bell | May 3, 2021 | Bruce E. Bell, Tax Corner
Question:Â Â My company sponsors a 401(k) plan to which many of our highly paid employees are unable to contribute as much as they would like. What alternatives are available to avoid or minimize this problem? Answer:Â Â There are various tools available to you as the...
by Bruce E. Bell | Apr 1, 2021 | Bruce E. Bell, Insights, Tax Corner
Question: My husband died leaving me as the sole beneficiary of his individual retirement account. Should I roll over these funds to my own IRA to defer income taxes? Answer:...
by Bruce E. Bell | Mar 1, 2021 | Bruce E. Bell, Insights, Tax Corner
Question: I want to purchase life insurance but do not want to liquidate my personal portfolio of securities to pay the premiums. Any suggestions for how I can accomplish this? Answer:...
