In a Tax Court decision, it was decided that an individual was not eligible for losses stemming from an S corporation because he declared bankruptcy. In the case at hand, the taxpayer filled bankruptcy near year-end. The taxpayer then attempted…
Q: I am planning on buying a large piece of equipment, is there anyway I could deduct the cost of this equipment rapidly? A: Yes. If the equipment is new, “bonus” depreciation can be taken against the asset. Additionally, regardless…
Most buyers are eager to “make their mark” once they’ve acquired a business. But unless the business is losing money, or employees and customers alike despised the previous owner, it is generally a mistake for a new owner to make…
Introduction What is the most severe threat to the existence of your business? Some may answer “my competition”, or “income and estate taxes”. Even others would answer, “rising costs”. While these are good answers and are concerns in day to…
A married couple was not allowed to deduct travel expenses for the husband’s travel to work at construction sites. In the case, the couple lived primarily in a camper and mostly worked at construction sites in states other than where…
Q: I have a business which I would like to establish a value for. Is there a commonly used or well accepted formula or multiple I can use in order to value my business? A: Quite simply, there is no…
Selling a business you’ve spent most of your working life to build is one of the most important personal and financial decisions most business owners will ever make, and for that reason, it’s important not to wait too long. The…
Introduction Many people have heard of the Family Limited Partnership, otherwise known as the FLP. The amazing thing, the terms Family Limited Partnership and FLP do not appear in the Internal Revenue Code or any of the accompanying regulations. Quite…
The Tax Court has stated that a U.S. Court of Appeals properly ruled on the valuation of a limited partnership. In 2000, a family formed a limited partnership with the intent of reducing estate taxes, preserving and resisting fragmentation, and…
Q: I own my own business and I am considering retiring. What should a business person do in order to retire? A: Business people are in a unique situation when it comes to retirement and no two situations are exactly…
Securities are offered through Finalis Securities LLC Member FINRA/SIPC. Transworld M&A Advisors and Finalis Securities LLC are separate, unaffiliated entities. This website is operated by Transworld M&A Advisors, a privately held Florida limited liability company. Transworld M&A Advisors provides financial and strategic advisory, consulting services, mergers and acquisitions services. Transworld M&A Advisors is not a registered broker-dealer, and Finalis Securities LLC and Transworld M&A Advisors are separate, unaffiliated entities. Finalis Privacy Policy | Finalis Business Continuity Plan | FINRA BrokerCheck