Question: Given the possibility that the Federal estate tax exemption will decrease, should I make gifts now before the law changes?
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?
Paycheck Protection Program loans, commonly referred to as PPP loans, have been a godsend for millions of small businesses and their employees. As originally envisioned, the purpose of the PPP loans was to provide low interest, forgivable loans to small businesses that have been adversely affected by the Covid-19 Pandemic to cover payroll and other expenses including interest, rent and utilities.
Those who remain skeptical about the COVID-19 vaccine or are refusing to get inoculated against the virus will soon discover that, in most cases, their employer can require vaccination as a condition of continued employment.
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?
Question: I want to purchase life insurance but do not want to liquidate my personal portfolio of securities to pay the premiums. Any suggestions for how I can accomplish this?
A sales rep legal column that doesn’t speak of terminations or commissions? That doesn’t mention succession planning or tax issues? Not even a state sales rep statute?
What’s left to discuss?
Well, there’s Walter Blockmon III. Or more precisely, the late Walter Blockmon III.
Question: I am a retired executive of a public company and received significant fees during 2020 from serving as a member of the board of directors of other companies. Is it too late to establish a qualified retirement plan to offset my income and, if so, what type of plan should I establish?
A limited liability company (“LLC”) may elect to be taxed as a partnership, a C Corporation, an S Corporation, or as a disregarded entity. Many LLCs elect to be treated as “S Corporations” for federal income tax purposes in order to minimize employment taxes.
The past year has provided us much to reflect upon, including our dependence upon our files and records. Whether telecommuting or working with a reduced staff in the office, it may be time to declutter the office or clean out the file room.