Tax Planning Under the New Law
Tax planning keeps twisting and turning in the wind. This is due to our government blowing in the winds of change and trying to regulate how you...
Talking to the Boss
Year End Tax Planning: The year is almost over, therefore, you must act before yearend to address your tax issues. What can you do? Take a look at...
Barter Travel Awards
The purpose of this article is to discuss the tax treatment of barter, and its relationship to sales incentive and travel awards, in particular....
You Figure It Out!
As I write this version of an investment report, I have just finished reviewing four economists viewpoints and, just like four experienced attorneys...
Offshore Trusts
I. Introduction - An offshore trust is a primary legal tool involved in offshore planning. The offshore trust is generally a “self-settled trust.”...
Debt vs. Equity?
How is your practice set up? Is it a C corporation, or a flow through entity, S corporation, Limited Liability, or Partnership? Or are you a sole...
Tax and Trust Fund Issues
IRC §6672 reads as follows: Any person required to collect, personally account for, and pay over any taxes owed by this title who willfully fails to...
Asset Protection Trusts That Really Work
Many commentators have come out and advised various parties that foreign asset protection trusts really do not work. The reality is they do! A...
Asset Protection Sought By Big Six Accounting Firms
Offshore Asset Protection Trusts are becoming the rage of the nineties. The setting up of an Asset Protection Trusts involves the initial structure...
Fighting IRS audits Interview
Richard M. Colombik, JD, CPA was recently interviewed for the Sam’s Club magazine on what triggers IRS audits. Mr.. Colombik a recognized...