The IRS announces concerns with using retirement assets in a rollover to provide business start-up capital. The strategy may be a prohibited transaction that will disqualify your retirement plan.
Douglas Lineberry
A prospective client contacted me recently to ask about asset protection planning. They (the prospective client and spouse) were interested in planning that would protect their personal assets and residence from claims and creditors that might arise because of the spouse’s high risk profession. When I say “high risk”, I mean people like doctors and [...]
Many people invest in real estate investment for potential tax advantages. In particular, it is possible to generate a tax loss through real estate when you do not actually have an economic loss. This is true because when you add your depreciation deduction to all other cash-expense deductions, the deductions very often outweigh any income [...]
Discussion of charging orders and how they apply to limited liability companies and limited partnerships for asset protection purposes.