Resources
Stay in the know of company and industry updates, accomplishments and more!
Establishing Disability Insurance Program for Employees
Question: I own and operate a small business and am trying to determine how best to establish an insured disability insurance program for the company employees. If an employee becomes disabled and receives benefits from the insurance company, will the employee be taxed on the benefits received?
The Latest in the Ongoing Saga Between BI-QEM and its Rep Company
A well-reasoned 2021 court decision handed down by the federal court in Newark demonstrates a sales rep’s broad eligibility to recover unpaid sales commissions.
Minimizing Taxes When Purchasing and Selling Sales Organizations
Like other businesses, sales representative organizations are purchased and sold for a variety of reasons. What distinguishes sales representative organizations in the purchase and sale context is that the owners generally do not sell their businesses to unrelated third parties.
Post-Mortem IRA Withdrawal Strategies
Question: I am the beneficiary of my uncle’s IRA who died at age 65. What is the best way for me to withdraw money from the account?
Tax Savings on Business Contract Sales
Question: My wife and I hold contracts to provide property management services to real estate owners. Are we entitled to capital gain treatment if we sell these contracts or do we need to form a limited liability company to do so?
SFBBG Provides Legal Guidance at the 2022 ERA Conference
In the last week of February 2022, the Electronics Representatives Association (“ERA”) held its much anticipated, long-awaited, first in-person industry event since COVID at the AT&T Center on the University of Texas campus in Austin, Texas.
Reducing Estate Tax with Spousal Portability
Question: Should I file a Federal estate tax return for my wife’s estate even though the value of her assets is less than the estate tax exemption?
Classification of Manufacturer’s Representatives as Employees or Independent Contractors
The determination is significant because different tax treatment results from the classification of the representatives.
Passing Vacation Homes to Family Members
Question: I have a vacation home that I want to leave to my three children but I am not sure how to do so. Do you have any suggestions?
Passing Assets to Non-Citizen Spouses in Tax Effective Manner
Question: My spouse is not a U.S. citizen. Can I leave assets to her upon my death without incurring estate tax?