The Economic Recovery Act of 1981 provides a 14-year deferral to families of owner-executives.
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The IRS and Educational Deductions
At the same time that older students are choosing to acquire more education, the Internal Revenue Service has made it more difficult to get an educational deduction.
Succession Planning with Buy-Sell Agreements
Planning for certain contingencies, such as death, disability, or retirement, is a concern that affects all business owners.
Advance Directives: Part II - Health Care Issues
There are some issues that may be just as important as financial decisions, revolving around what types of health care measures will be taken (to alleviate suffering or prolong life).
Taxes and Scholarship Income
Students who receive scholarships or grants need to be aware that some funding they are awarded may be taxable.
Returnships: Internships for Professionals Re-Entering the Workforce
A returnship is an internship-style program geared towards people who would like to re-enter the professional workforce after taking an extended voluntary leave.
Privacy Rules Emphasize Importance of Advance Medical Directives
Stringent privacy rules make it important that you consider an advance medical directives power of attorney to help direct your future health care.
Child Care Credit: You Don't Have to Live in a Shoe
You don't have to be the "Old Woman Who Lived in a Shoe" to be eligible for child care credit.
Family Employees Bring Home Tax Benefits
If you are an owner of a small business, employing your spouse and children can help reduce both your family’s aggregated income subject to taxation
Shielding Your Insurance from Estate Taxes
With proper guidance, it is possible to keep your life insurance policy proceeds out of your estate and to also provide immediate funding for short-term financial needs.