Secrets of the Self-made for Week of September 6 Dedicated DB

Secrets of the Self-made

7th Sep 2016

Secrets of the Self-made

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

How to score a tax break for your charitable giving via @CNBC #taxbreak #charitablegiving #taxsavings https://t.co/TwgrbbS0SA

10:35 PM 6 December 2019

Dedicated DB@ DedicatedDB

Here are 8 tax planning moves to make before the end of 2019 via @forbes #taxplanning #taxstrategy https://t.co/s3bd73QzpH

8:35 PM 6 December 2019

Dedicated DB@ DedicatedDB

5 Key Lessons on Building a Business That Super-Successful Female Founders Wished They'd Known When They Started vi… https://t.co/t2wpeRYFKP

7:34 PM 6 December 2019

Dedicated DB@ DedicatedDB

Are you a doctor, dentist or own a medical practice? Learn how Defined Benefit and Cash Balance plans can save you… https://t.co/Yhn3vibftB

6:12 PM 6 December 2019

Dedicated DB@ DedicatedDB

Retirement planning is a guessing game. Guess wrong, and you could lose a lot via @washingtonposthttps://t.co/hhnCbVsnCe

11:12 PM 5 December 2019

Dedicated DB@ DedicatedDB

Small business owners: interested in year-end tax savings? There's still time to open up a Cash Balance plan -- and… https://t.co/mXeUAmBbN9

9:46 PM 5 December 2019

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