Irving L. Blackman

Irving L.
Blackman
Articles
Transferring your business to your kids 
Joe couldn't sleep. He was troubled, anxious and perplexed.
Slash your taxable income by $1.2 million 
Want to make a grown man cry? Tell him the amount of his income tax bill (after he was originally thrilled by a great profitable year). For the year 2013 there is an unbelievable increased top rate — 39.6% for taxable income over $400,000 if single, $450,000 if married. Ouch!
IRS estate tax conqured by second opinion  1
For years I have been writing, "If you use the right tax strategies, work with the right professional, typically a lawyer, CPA and insurance consultant, you will create a comprehensive plan to conquer the estate tax.
Turn investment income into tax-free income 
"Tax-free" always has a nice ring to it. The higher the income tax rate the nicer the ring. The old top rate, at 35%, was bad enough. The current highest rate — 39.6% — has created a flurry of activity to legally avoid the tax.
Business real estate and the best way ‘tax wise’ to own it 
Someday, when you try to get the real estate (invariably, depreciated down to a low tax basis and appreciated in value) out of the corporation, you will be beat up with a double tax. Again — why?
If you own annuities, chances are you are being ripped-off 1
If you own annuities, you'll love this article. If you don't own any annuities, then pass this article to friends who do.
The R & D tax credit: how to lower your income tax bill
Sometimes the Internal Revenue Code giveth more than it taketh. Section No. 41 of the Code — creates the Research and Development tax credit, “R & D Credit” for short — is designed to be your tax pal. But he’s a complicated fella.
New law opens new “wow” opportunities for family business owners 1
Joe and Mary, both in their early 60s, consider themselves blessed. Joe started his one-man-show business in 1975.
A well-guarded investment secret 4
Small business owners (SBOs) have many legitimate complaints these days: taxes, regulations, competition (from home and abroad), can’t find good people, etc. The list goes on and on. Always has. Always will.
The secret behind a tax-advantaged investment 38

A group of successful, wealthy business owners, including their closest advisors, gathered for a symposium. What’s the subject? To find the perfect investment for these wealthy business owners to leverage their liquid wealth (cash, stocks, bonds, etc.) that they have accumulated. They were trying to solve the age-old problem: Successful business owners know how to make money in their business, but are lost when it comes to investing the after-tax dollars taken out of their business.

Baby boomers start estate planning boom 17
As a group, baby boomers are huge. There are 77 million of them! Born between the years 1946 and 1964, they are maturing into retirement age. But the oldest of them are redefining retirement. They are slowing down, but continue to work. One thing is certain: all of them are at an estate planning age. Roughly 70% of our current estate planning practice helps clients who fall into the baby boomer age bracket.
Win at succession planning
If you own or run a family business, a business you want to continue after your leadership ends, then you need a succession plan.
Don’t enrich the IRS, instead enrich your family
Readers of this column often ask me to give a second opinion, which is really a review of an existing estate plan. Typically, the plan has one to three mistakes. Sadly, each mistake causes estate tax dollars to be lost to the IRS, automatically reducing your children’s inheritance.
Estate plan can be your best investment
All estate plans are not created equal. This article is targeted to help everyone who has a completed estate plan in place, but is not 100% delighted with the plan.

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