Secrets of the Self-made

7th Sep 2016

IRS Takes Aim at Common Family Biz Valuation Discounts

Many high net worth families use creatively structured family limited partnerships (FLPs) or family LLCs, including deliberately lapsed shareholder rights, to secure aggressive valuation discounts for tax purposes when transferring the assets via gifts or bequests to heirs. However, the Internal Revenue Service recently released long-awaited proposed changes designed to combat the practice. Advisors may have to help clients adjust.

Via Wealth Management


IRS Grants Sweeping Relief to Retirement Savers Who Miss Rollover Deadline

The Internal Revenue Service has launched a new “self-certification” procedure, making it dramatically easier and cheaper for taxpayers who miss the 60-day deadline for rolling over retirement account money to fix their errors.

 Via The Trust Advisor


7 Things Your Estate Planner Wants You to Know Before You
Die

Very few people would call estate planning fun, however, planning your estate is a necessity. Before you start the process, here’s what estate planners wish you knew.

Via The Trust Advisor


How to Get Rich by Driving a $5,000 Car

What you drive has a very real effect on your ability to acquire wealth and reach financial independence and the freedom and joy that come with it, says the White Coat Investor. Here’s why.

Via White Coat Investor

Johnny Depp’s “Charitable” Divorce Settlement

Did actor Johnny Depp receive a tax benefit by making a direct $7 million payment to his former wife’s charities?

Via Wealth Management

Dedicated DB@ DedicatedDB

Prepare your practice — and yourself — for a post-coronavirus world via @finplan #practicemanagementhttps://t.co/L1kJaZAoGw

10:13 PM 18 September 2020

Dedicated DB@ DedicatedDB

Advisors, if you’re looking for prospecting resources, check out our sales and marketing materials #prospectinghttps://t.co/YzOUkE6VzX

8:23 PM 18 September 2020

Dedicated DB@ DedicatedDB

Survey: Retirement savers seek more security amid pandemic via @thinkadvisor #retirement #retirementplanninghttps://t.co/EACLSYd0Yk

7:23 PM 18 September 2020

Dedicated DB@ DedicatedDB

Meet the 30-year-old co-founders who raised $32 million to innovate the future of women’s health via @CNBCMakeIthttps://t.co/QbU8kuVV9M

6:02 PM 18 September 2020

Dedicated DB@ DedicatedDB

Here’s why blue collar millionaires are ideal for Defined Benefit and Cash Balance retirement plans… https://t.co/pHORK5yVvp

9:40 PM 17 September 2020

Dedicated DB@ DedicatedDB

Wells Fargo Says to Prepare Clients Now To Act After Election via @FAMagazine #clientrelations #wealthmanagementhttps://t.co/JtabNZhHAr

8:03 PM 17 September 2020

Estimate contribution and deduction with our DB calculator Try it now

Send this to a friend