Inside This Issue
1. Ten Keys to Surviving the Current Economy
by Derek Rowley © 2009. All Rights reserved
It seems to be the consensus among business and political leaders that our economy is worse than it has been in generations. Statistics, for what they are worth, prove it. In other words, most of us have never seen anything like today’s economic crisis, and there isn’t much in our own experience that gives us guidance in our business decisions. A recession such as this requires a shift in our thinking, our planning, and our decision-making in order for our business to see the light of day at the other end of this economic cycle...read more
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Becuase of stories like this...read more
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3. Legally Upstreaming Income
by Derek Rowley © 2009. All Rights reserved.
Blogger Diane Kennedy, a CPA who graduated from the University of Nevada, Reno wrote a recent post on her website, TaxLoopholes.com, about legally upstreaming income. Diane points out several legitimate strategic uses of upstreaming strategies. I will use her four stated uses, and add my own commentary...read more
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4. A Bad Economy = Great Estate Planning Opportunities
by Derek Rowley © 2009. All Rights reserved.
There is no better time to transfer wealth to the next generation than when everything is worth a lot less. Now, for example, would be a good time. Stocks, bonds, and real estate values have plummeted - and interest rates are at all-time lows. On second thought, I correct myself: Now is a great time for estate planning!
The annual gift-tax exclusion was recently raised to $13,000. Combine that with strategies such as loaning money or self-financing the sale of assets to family members at low-interest loans, or using “grantor-retained annuity trusts” (GRATs), it is possible to transfer significant assets out of your estate - as well as move potential appreciation out of your future estate...read more
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A menu of unconnected, fascinating news items that crossed my desk,
by Derek Rowley © 2009. All Rights reserved...read more
Man awarded $76.6 million for taking foolish dare...
How money works...
The death of privacy, continued...
IRS targets roll-over business stratup financing...
Newspaper sues customer...
Ten trillion dollars ain't what it used to be...
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