By Kenneth H. Bridges, CPA, PFS June 2012
For entrepreneurs looking to sell their business, a “strategic buyer” (e.g. larger company in the same industry) is usually the best buyer. However, for companies for which there is not a strategic …
By Kenneth H. Bridges, CPA, PFS March 2012
Over the years, the U.S. has offered a number of tax incentives for exporters. Some of these (e.g. the foreign sales corporation and extra-territorial income exclusion) have been repealed after being found …
By Kenneth H. Bridges, CPA, PFS March 2012
The Internal Revenue Code provides a variety of tax benefits for higher education expenses. Unfortunately, most of these are phased out for higher income taxpayers, making them unavailable for most of our …
By Kenneth H. Bridges, CPA, PFS March 2012
Partnerships, LLCs, S-corps and trusts are required to distribute annual K-1s to their partners, members, shareholders and beneficiaries, respectively, reflecting their respective share of the taxable income or loss and other tax-related …
By Kenneth H. Bridges, CPA, PFS March 2012
For those with sizable estates who are concerned about the potential for estate tax, 2012 may be the year to consider making a significant transfer of wealth to your heirs.
For 2012, …
By Kenneth H. Bridges, CPA, PFS August 2011
When discussing tax planning with our clients, we often use the terms “marginal tax rate” and “effective tax rate”. Marginal tax rate generally refers to the rate of tax to be incurred …
By Kenneth H. Bridges, CPA, PFS August 2011
In 1986, concerned with the erosion of the tax base from the proliferation of tax shelters, Congress enacted the “passive loss rules” which provide, in general, that the losses from rental activities …
By Kenneth H. Bridges, CPA, PFS August 2011
One of our clients recently forwarded us an e-mail (apparently originated by an attorney) warning that under new tax rules you will incur a tax of 3.8% on the sales price of …
By Kenneth H. Bridges, CPA, PFS March 2011
Unfortunately, many of our clients have residences which are worth less than what they paid for them, and in some cases worth less than the mortgage on them. This is especially true …
By Kenneth H. Bridges, CPA, PFS March 2011
Early stage companies often incur tax losses in their first few years of existence. And even mature companies can have loss years; particularly companies in cyclical industries, or almost any company in …