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Tax Court Determines When A Debt Has Been Forgiven
Tax Court Determines When A Debt Has Been Forgiven As we’ve discussed previously, when taking a bad debt deduction for a loan you’ve made that will never be repaid, timing...
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Could SEC Rule 144 Screw Facebook’s Rank and File?
Could SEC Rule 144 Screw Facebook’s Rank and File? [Ed note: this post is nothing more than me asking questions based on what I know about tax…and what I DON’T...
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Doctor Done In By Tax Court’s “Too Good To Be True” Logic
Doctor Done In By Tax Court’s “Too Good To Be True” Logic DimiterHristov operated hismedical practice thorough a wholly owned S corporation. Tired ofhanding over45% of his income to the...
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Financial Statement Geography
Financial Statement Geography I have some good news when it comes to finding the accumulated plan benefit information in a defined benefit pension plan’s financial statements. Watch this ERISA Sunscreen...
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How to Enhance the Control Environment of Your Plan
How to Enhance the Control Environment of Your Plan One important aspect of any employee benefit plan’s system of internal control is to have a positive “control environment”. Think of...
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Do You Have a Jeremy Lin?
Share Do You Have a Jeremy Lin? Jeremy Lin is a phenomenon that has captivated New York City by leading the Knicks to some longed for wins. He is also...
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Culture Trumps Money
Culture Trumps Money “‘Cause I don’t care too much for money…money can’t buy me love.” The Beatles from Can’t Buy Me Love I think it is fitting to reach out...
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Am I Ready to Sell My Business?
Am I Ready to Sell My Business? Lord Dark Helmet: “When will then be now?” Colonel Sandurz: “SOON!” Spaceballs by Mel Brooks I often think of this hilarious scene from...
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Top 10 Reasons Why Startups and Early Stage Ventures Fail
Top 10 Reasons Why Startups and Early Stage Ventures Fail Quote: “Houston, we have a problem.” From the movie, Apollo 13 At the risk of sounding like a David Letterman...
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Advisory Board – Yes or No?
Advisory Board – Yes or No? “What you need is a manager” – Mickey Goldmil to Rocky It seems no matter what stage your company is in, entrepreneurs are always...