For immigrants who are planning on moving to the US, the IRS will welcome you with open arms. But for wealthy individuals, this embrace can be “very expensive”. They say that prior planning prevents poor performance; and protecting your assets from US taxes before a move to the US could save you and your children… Read more »
With Rachel pregnant and on bed-rest, Andy needed quick and healthy foods for his wife and yet-to-be-born daughter. It was the year 1987, and even in California, he simply couldn’t find anything organic and ready-to-serve on the market. With that, a new business idea was born. Thank You, Small Business Owners According to the Harvard Business Review,… Read more »
With the 2017 tax reform, there were a few items that could have drastically changed estate planning strategies for the affluent individual. But, let’s keep a few things in mind: The bill passed with zero Democrat support. When Democrats get back the majority, they are likely to do whatever is in their power to dismantle… Read more »
Does this look like the plan for your IRA? Amass as much money as you can, compounding interest and deferring taxes until you retire. At that point, you’ll likely be in a lower tax bracket, so you will receive a higher payout. Everything you don’t need will go to your children. I Hate to Burst… Read more »
A wealthy foreign national (let’s say his name is Benson) with heirs in the United States could have a problem. The 2017 Tax Cuts and Jobs Act has created a land mine of penalties and taxes for those who are not careful when transferring assets to US-based individuals. Outlined below are a few solutions to help… Read more »
Have you ever felt like you were sitting in a quagmire of new tax regulations, wondering if you will ever emerge from the fog of confusion? Not only that, but finding a way to benefit from the tax changes seems as elusive as the morning dew. But just when you feel all hope is lost,… Read more »
Surfers know how to get above a wave and ride it to the shore. The 2017 Tax Cuts and Jobs Act (TCJA) created a gnarly wave for wealth preservation; estate tax exemptions have crested at double the previous limit – for a limited time only. People can give or inherit more than ever – without… Read more »
