Possible PPP Legislation & 1099-B

The Inflation Reduction Act Passed the House and Senate! Ron Cohen Episode 25

Possible PPP Legislation:
https://www.bloomberg.com/news/articles/2020-05-26/hoyer-says-house-and-senate-close-on-ppp-loan-extension

Form W-4P
https://www.irs.gov/pub/irs-pdf/fw4p.pdf

IRS Notice 2020-3
https://www.irs.gov/pub/irs-drop/n-20-03.pdf

How to Raise Children That Become Entrepreneurs

How to Raise Children That Become Entrepreneurs

How to Raise Children That Become Entrepreneurs By Lauren Hidden Ever since my kids can remember, I’ve worked from home. Sometimes I have to remind them that I’m not sitting home playing with their toys or eating bon-bons when they’re at the babysitter or at school, but for the most part they “get it”. As…

Transferring Assets to a Second Spouse (and to children from the first)

Transferring Assets to a Second Spouse (and to children from the first)

Transferring Assets to a Second Spouse (and to children from the first) Elizabeth and Thomas Carr (names fictitious), both in their late 60s, each have one child from a prior marriage. During the 30-plus years of their marriage, they each have accumulated an estate of over $5 million. The full $1.5 million credit against estate…

roth IRA

The Roth IRA Advantage: A Closer Look

The Roth IRA Advantage: A Closer Look Since its debut in 1997, the Roth IRA, naturally enough, has been sold mainly as a retirement  account. To be sure, the prospect of a stream of tax-free income to support a comfortable retirement is a powerful stimulant. To earn that freedom from taxes, you do have to…

Classification of Accepted Patterns of Reorganization

Classification of Accepted Patterns of Reorganization

Classification of Accepted Patterns of Reorganization The seven acceptable patterns of reorganization may be classified into three categories: Acquisitive, Divisive, Re-capitalizing. Acquisitive reorganizations Type “A,” “B”, “C,” and acquisitive D, in which one Corporation acquires another corporation’s stock, assets, or some combination of both. Divisive reorganization Type D involves the division of one corporation into…