In this video I’m going to help make sense of the ROBS Arrangement from a perspective of tax liability, specifically by comparing the operating structures of C-Corporations versus S-Corporations. Summary The ROBS Arrangement is ultimately a retirement strategy, not a quick and easy funding mechanism for a business. The required legal structure for ROBS is the C-Corporation, […]
ROBS Arrangements: Making Cents of Retirement (vol. 1)
In this video I want to help entrepreneurs decide whether a ROBS Arrangement makes sense as a way to fund their business and finance their retirement. Summary Opportunity cost is the value of what you have to give up in order to choose something else. Is the other choice better? To compare values, you […]
ROBS Arrangement Compliance: Disqualified Persons
In your ROBS Arrangement, you need to know what a “disqualified person” is and how to handle transactions that involve disqualified persons. Why? Because if you don’t, you could be hit with a 15% excise tax penalty under IRC § 4975 for mishandling your retirement plan assets! Why do we have to worry about “disqualified […]
Are You Using the Right Business Structure?
The business entity you choose has a great impact on your taxes and liability. Choose wisely. There’s so much you may be required to do when you launch a business. You might have to register your new company with your state and apply for permits and licenses. It’s likely you’ll need an Employer Identification Number […]
Taxpayer Alert for 2023 – IRS Changes to Retirement Accounts and FSA Plans
Sometimes everything changes only to remain the same. The Taxman givith, yet so doth the Taxman taketh away. But there are some upcoming changes to tax rules that will impact many individual taxpayers in the financial detail. If you’re looking for a New Year’s Resolution, maybe you’ll want to resolve to actively explore some of […]
Sopping up Leaky Retirement Accounts to Safeguard the Wealth of Rightful Owners
Americans hold an estimated $7.7 trillion in retirement savings, mostly socked away in 401(k) and related retirement plans. These plans, and similar financial instruments outside the private sector, are brokered and managed by tens of thousands of registered agents and investment firms. Many more thousands of employers serve as middlemen to more than 100 million […]