TITLE

Two Realities for a Business Owner

AUTHOR(S)
Scroggin, John J.
PUB. DATE
April 2000
SOURCE
Advisor Today;Apr2000, Vol. 95 Issue 4, p50
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Focuses on two certainties in estate planning for business owners. Impact of estate tax and state inheritance taxes on businesses; Effect of conflicts between operators of the family business and family members who are outsiders.
ACCESSION #
3099070

 

Related Articles

  • Does Your Estate Plan Flunk The Real-Life Test? Blackman, Irving L.; Whitlock, Brian // Modern Machine Shop;Jan2007, Vol. 79 Issue 8, p36 

    The article offers a look at a real-life tax blame game and how the problem was solved. Prior to the death of an individual, he and his wife owned a residence worth about $800,000 and a family business Success Co., which was valued at $10.3 million at the time of the death of the individual. The...

  • Business owners need plan to minimize taxes for heirs.  // Hudson Valley Business Journal;7/10/95 - 7/17/95, Vol. 6 Issue 31, p9 

    Presents several techniques to minimize estate taxes when transferring a family business to one's heirs. Giving away of $10,000 worth of company stock annually; Use of discounts; Family limited partnership; Use of a will.

  • How to convey a family business without raising a bumper crop of inheritance taxes. Maydew, Gary L. // National Public Accountant;Apr95, Vol. 40 Issue 4, p14 

    Presents guidelines for avoiding inheritance taxes in passing on a family business. Special use valuation; Qualified use and material participation; Management; Judicial decisions of qualified use; Judicial and administrative decisions in material participation.

  • Estate taxes.  // American Nurseryman;10/15/95, Vol. 182 Issue 8, p10 

    Reports on the a survey of family-owned business enterprises revealing that only 38% of family-business owners have an understanding of how much their companies owe in estate taxes upon the death of the senior family executives.

  • Tax time bomb ticks for family-business owners. Karlen // Westchester County Business Journal;09/13/99, Vol. 38 Issue 37, p22 

    Discusses ways that family-owned businesses in the United States can minimize the estate tax bite. Tax legislation that provide family business owners tax savings; Sale of the business to the children; Relief for those who wish to utilize gifting strategies to keep the business in the family;...

  • Death Tax Kills Family Businesses.  // Business Journal (Central New York);07/28/2000, Vol. 14 Issue 30, p23 

    Comments on the impact of inheritance tax on family businesses in the United States. Debate over the proposed repeal of the tax; Effects of the tax on saving and economic activity.

  • The new 39.6% personal tax rate will clobber you. Blackman, Irving // Contractor Magazine;May94, Vol. 41 Issue 5, p58 

    Provides suggestions on how family-owned business enterprises can reduce estate tax liability to zero. Highest tax rate for individual tax payers; Ways to divide income produced by nonbusiness assets.

  • Family businesses protest death toll. Berlau, John // Insight on the News;04/07/97, Vol. 13 Issue 13, p16 

    Focuses on the criticisms against the federal estate tax imposed by the United States government on family business. Difficulty facing businesses in passing on ownership to their children because of the federal estate tax; Two organizations representing farms and small businesses endorsing...

  • Estate Planning - Purposes and Techniques. Dalsted, Norman L.; Peterson, Eric A. // Journal of the American Society of Farm Managers & Rural Apprais;2014, p1 

    When the 2001 Economic Growth and Tax Relief Reconciliation Act expired in 2010, Congress extended the law through the end of the year 2012 and increased the estate tax exemption. The American Taxpayer Relief Act of 2013 raised the exemption and made it permanent. However, without careful...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics