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...
by Bruce E. Bell | Jul 2, 2021 | Bruce E. Bell, Insights, Tax Corner
Question: Given the possibility that the Federal estate tax exemption will decrease, should I make gifts now before the law changes? Answer: 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: 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: 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:...
