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...
by Bruce E. Bell | May 1, 2019 | Bruce E. Bell, Tax Corner
Question: I received a distribution from a limited liability company in which I am an owner representing proceeds from the refinancing of a commercial loan on company property. Can I deduct my share of the interest on this...
by Bruce E. Bell | Apr 4, 2019 | Bruce E. Bell, Tax Corner
Question:       I am planning to remarry and want my 401(k) plan benefits paid to my children upon my death, not to my future spouse. Do I need a prenuptial agreement to accomplish this? Answer:         Specific requirements must be satisfied under the Internal...
