Monthly Archives: October 2013

Nowotny knows Squat! – Small Business Owners and Obama Care

I was a pretty good powerlifter in my youth and later as an old man. Powerlifiting involves three different lifts – the squat, the bench press and the deadlift. Even as an old man, my deadlift and squat at age … Continue reading

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My Latin Thing – A few more “Beneficios” for Living in the PR

I grew up in the Panama Canal Zone (CZ) where my family lived for almost 25 years. It was a good life. Like most “gringos” living in the I did not bother to learn Spanish. My mother and brother spoke … Continue reading

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If I were a Rich Man

I have been frankly amazed how hedge fund and private equity fund managers have been able to dodge the Silver Bullet when it comes to changes in the taxation of carried interest. Just when you start to count them out, … Continue reading

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Discriminatory Defined Benefit Plan – The Certain Way to Reduce Taxes for the Business Owner in 2013

Chances are you have not been able to focus on your client’s 2013 taxes until they filed their 2012 taxes. Chances are also pretty good that your clients just filed your 2012 taxes this past week. The question is with … Continue reading

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Welfare Benefit Trusts and Long Term Care Planning

It is no secret that multi-employer welfare benefit trusts under IRC 419A(f)(6) suffered a terrible beating at the hands of the IRS in what has been years of tax audits. Inevitably, the life insurance industry likes to find ways to … Continue reading

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Pension Rescue

Overview It has been my experience that many affluent people who have accumulated alot of wealth within retirement plans including IRAs really don’t need that money to live on in retirement because they have a substantial amount of investment or … Continue reading

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Welfare Benefit Trusts

I am getting ready to write a more technical single employer welfare trusts under IRC Sec 419(e). The cousin of these plans – the multi employer welfare benefit trust suffered a slow and painful death with the IRS auditing every … Continue reading

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