Business Tax Planning and Transactions Archives - Kevin J. Moore & Associates

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Business Tax Planning and Transactions

How To Reduce Capital Gains Taxes

IRS Section 1202

The recent passage of the Tax Cuts and Jobs Act (TCJA) increased interest in C Corporations. The Act permanently reduced the federal income tax rate on C Corporations from 35% to 21%. The widespread media coverage has led company founders, shareholders, and investors to ask whether they would benefit from being a C Corporation. There is another less publicized provision of the IRS Code that may also benefit shareholders of […]

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International Tax Planning Helps Foreign Nationals Buy Peace of Mind

kevin j moore - international tax planning

In 2012, foreign nationals conducted about 17 percent of real estate transactions in California. They may have engaged the professional assistance of real estate agents and brokers to streamline the purchase process but without thoughtful attention to legal details around international tax planning strategies, they may be putting their U.S. assets at risk of significant gift and estate tax consequences – often to the tune of 40% of the property […]

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Corporations 101: Double taxation, fringe benefits and write-offs

My corporations 101 series, which began with a look at roles, responsibilities and structure, continues. Let’s talk today about C corporations and money matters. When you create a C corporation, you’re establishing an entity that is legally independent of its shareholders and managers. The IRS views this entity as a “legal person” that can do business and make contracts. Most big brand companies are C corporations, and for good reasons: They […]

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Equity, debt and a process called ROBS: Funding a new business

Let’s say you’ve had an idea for a new venture. Maybe you want to open a cafe specializing in Viennese pastries. Or you’d like to start a writing school offering classes for IT consultants, attorneys and other professionals. Or you want to be a one-man company that plans trips for wealthy clients and travels the world with them. Depending on the business sector and other factors, your funding needs can […]

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Corporations 101: Roles, responsibilities, structure

How are corporations structured? What must you do to fund them and take money out? How do you set them up? What are best business practices? I’ve talked in previous blog posts about specific aspects of closely held businesses, such as shareholder disputes and the rights of minority shareholders. Today, I want to get back to basics with a series that I’m calling Corporations 101. Let’s start with the first question above: […]

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Merchants, slaves, peculium: the history of LLCs

The other day, a friend asked me about the history of Limited Liability Companies (LLCs.) I shared with her what little I could off the top of my head: That they have only become popular in this country over the last couple of decades, that the first LLC statute was passed in Wyoming in the late 70s, and that other countries, such as the German speaking ones, have had some […]

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Trust Administration Is Your Friend

Kevin J. Moore - probate litigation

“You should avoid probate.” This is one the most common refrains you hear when you talk to a wills and trusts lawyer or financial advisor. In fact, they have done such a good job emphasizing the evils associated with the probate process that even sophisticated people mistakenly believe that, once they set up a trust or estate plan, they don’t have to do anything else once someone passes When done […]

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The Hidden Benefits of Limited Liability Companies (LLC)

Business Tax Planning and Transactions

Owners of family-owned and closely held businesses are for good and obvious reasons concerned about taxes. But sometimes the focus on legitimate and legal tax avoidance causes people to forget about asset protection. This is where a Limited Liability Company or LLC can come into play. Without an LLC, a person’s property would be often owned in an individual capacity or in their living trust. And that can lead to […]

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Do good or make money? Benefit Corporations have it both ways

It used to be that the business world was divided in a binary manner: for-profit companies on the one side, nonprofits on the other. A company’s purpose was either to make the most money or to do the most good, and entrepreneurs who wanted to seek profits but also act in a socially responsible way had a hard time defending their business practice against shareholder interests. As an answer to […]

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