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

If you're a Board Director, you may want to consider opening a Defined Benefit retirement plan #definedbenefithttps://t.co/Olhy9RRpLw

8:45 PM 18 June 2019

Dedicated DB@ DedicatedDB

Here are proposed changes with the new retirement bill so you can plan accordingly via @forbes #SECUREActhttps://t.co/HhYNdM54w8

7:36 PM 18 June 2019

Dedicated DB@ DedicatedDB

America’s retirement accounts are growing, but not fast enough via @cnbc #retirement #retirementplanning https://t.co/4euu45sAjW

6:15 PM 18 June 2019

Dedicated DB@ DedicatedDB

Top 10 estate planning mistakes and how to avoid making them via @natlawreview #estateplanning #estatetax https://t.co/FNUFkKCFm0

5:15 PM 18 June 2019

Dedicated DB@ DedicatedDB

The latest Secrets of the Self-made! https://t.co/2o9eqJUavQ Thanks to @AWM_Reno @hondajet @weareLCR4 #smallbusiness #business

7:35 PM 17 June 2019

Dedicated DB@ DedicatedDB

According to Mark Cuban, the formula for success is based on two simple words via @inc @mcuban #selfmade #success https://t.co/l7Xyt8GYjy

5:28 PM 17 June 2019

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