Using a Buy/Sell Agreement to Transfer Ownership
A buy/sell agreement is a contract that restricts business owners from freely transferring their ownership interests in the business; they are a tool in providing for a planned and orderly transfer...
Published on January 01, 2012
Using a Buy/Sell Agreement to Restrict Transfers of Partnership Interests
A buy/sell agreement is a popular way to establish some parameters for the disposition of a partnership interest while establishing a method that can be used to value the interest and...
Published on August 01, 2014
Appendix 8 Sample Buy-Sell Agreement
The Toolkit Companion Disc to the Accountant's Business Manual Supplement 48 contains an error. Business Plans Appendix 8, Samply Buy-Sell Agreement, was one of the appendix files that was mistakenly omitted from the 2011-2012 CD, which would have been included with your supplement
Published on February 02, 2012
The Tax Adviser August 2014
Articles 2014 Tax Software Survey Paul Bonner Final Sec. 67(e) Regulations: The End of a Long Journey Carol A. Cant
Published on July 31, 2014
Top 10 Steps of Succession Planning for a Privately Held Business
Succession planning for the privately held business results in an orderly transfer of the ownership and management of the business to the next generation in a tax-efficient manner.
Published on December 01, 2012
IRS Wins Again on Annual Exclusion of Gifts of Partnership Interests
In Fisher, the IRS has again won on the issue of whether taxpayers’ transfers of partnership interests were transfers of present interests in property. The court held the transfers did not qualify for the gift tax annual exclusion.
Published on March 01, 2011
Current Developments in S Corporations
This article discusses major changes and developments that directly affect S corporations and their tax advisers during the period of this update (July 10, 2012–July 9, 2013).
Published on October 01, 2013
Guiding Clients Through the Transfer-for-Value Maze
Editor: Michael David Schulman, CPA/PFS One of the most attractive aspects of life insurance as an estate and financial planning tool is the tax treatment of the death proceeds. Generally, the proceeds of a life insurance policy received by a beneficiar
Published on July 01, 2008
Current Developments in S Corporations (Part I)
This two-part article discusses recent legislation, cases, rulings, regulations, and other developments in the S corporation area. Part I covers operational issues, including new guidance on the treatment of medical insurance premiums for wholly owned S corporations, new built-in gain developments, and the impact of charitable giving by S corporations
Published on May 10, 2010
Lifetime Tax Planning for LLC Owners
Several steps can be taken before a LLC member’s death to reduce estate and income taxes and to plan for an orderly succession.
Published on June 01, 2012