Tax Secrets of the Wealthy

Taxes, water and sewer rates, police staffing and illegal aliens are the four topics of most concern to Marco Island residents, according to the results of a long-range planning survey conducted by city leaders in November. However, there is a ...

There are three main ways the federal tax law picks your pocket and becomes your legal partner... Outrageous! The purpose of this article is to show you how to fight back.

The first commandment of my someday-I-will-write-it bible of taxation would be “Thou shalt not put real estate into a corporation.” We see it at least a dozen times year: When readers of this column ask us to do a tax ...

Own a family business? Want to transfer it to your kids? Then you’ll love this article. It’s about an old IRS letter ruling that is one of my favorites. It might be labeled “the lazy man’s way to plan your ...

Many of the columns I write and the seminars I give deal with family business succession planning. Can you guess the most common succession situation and related problems? Getting the business from dad and/or mom to one or more of ...

The Internal Revenue Code is not a friendly creature. It is designed to “taketh” your money; “giveth” is not in its vocabulary.

Succession planning has always been and still is a hot topic. Let’s start with a classical fact pattern and the tragic tax results that are sure to follow for the uninformed.

Every tax newsletter, journal, and other publication (I read a bunch of them in my never-ending struggle to stay current on the tax law) has had one or more articles on the virtues of Roth IRAs in the past three ...

About six months ago this tax column ran a long two-part article titled: “Slash premium costs, yet increase life insurance benefits.

Do you own all or part of a closely-held business? Like it or not, some day you’ll have to value that business.

Do you have a significant amount of money ($300,000 or more) in one or more qualified plans? For example, an IRA, profit-sharing plan, 401(k), etc.

Recently, I read an article titled, “What makes for success?” by Kemmons Wilson, the founder of Holiday Inn. He said, “It is great to attain wealth, but money is really just one way — and hardly the best way — ...

First, a simple question: How much would you pay for property worth $100,000, if you must spend $25,000 (to fix it: commissions, special taxes or whatever) prior to collecting your $100,000? ... Certainly not more than $75,000 … Or less, ...

Unfortunately, the answer is ‘yes.’ The quote that is the title of this article is how a letter sent to me started.

Joe DiMaggio, unquestionably one of the great baseball legends of all time, now plays in the big ballpark in the sky. He knew how to use his arm and his glove, but mostly his bat, to win countless ballgames.