Taxes http://contractormag.com/taxonomy/term/6640/more en Contractors, small businesses may see positive change from midterm election http://contractormag.com/contractor-marketplace/contractors-small-businesses-may-see-positive-change-midterm-election <div class="node-body article-body">On election day, Nov. 4, small business owners seemed to take interest back, as the political landscape of the U.S. has been rearranged.</div> <div class="field-content-focus"> <span>Content Classification:&nbsp;</span> Curated </div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/contractor-marketplace/contractors-small-businesses-may-see-positive-change-midterm-election" target="_blank">read more</a></p> http://contractormag.com/contractor-marketplace/contractors-small-businesses-may-see-positive-change-midterm-election#comments Contractor Marketplace Law Taxes Thu, 06 Nov 2014 17:31:00 +0000 38101 at http://contractormag.com <p>The 2014 Election results are in; small businesses and contractors may have plenty to celebrate.</p> Thinkstock <p>The 2014 Election results are in; small businesses and contractors may have plenty to celebrate.</p> Thinkstock Mike Bohinc, CPA, tells how contractors should prepare for the next tax season http://contractormag.com/video/mike-bohinc-cpa-tells-how-contractors-should-prepare-next-tax-season <div class="node-body video-body">It's April 17, tax season is over and plenty of contractors were scolded by their accountants. So what should contractors do to prepare for next year?</div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/video/mike-bohinc-cpa-tells-how-contractors-should-prepare-next-tax-season" target="_blank">read more</a></p> http://contractormag.com/video/mike-bohinc-cpa-tells-how-contractors-should-prepare-next-tax-season#comments Video Taxes Thu, 17 Apr 2014 19:11:00 +0000 32901 at http://contractormag.com Estate plan can be your best investment http://contractormag.com/blackman/estate-plan-can-be-your-best-investment <div class="field-byline"> IRVING L. BLACKMAN TAX AUTHORITY </div> <div class="node-body article-body">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.</div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/blackman/estate-plan-can-be-your-best-investment" target="_blank">read more</a></p> http://contractormag.com/blackman/estate-plan-can-be-your-best-investment#comments Blackman Taxes Wed, 01 Feb 2012 17:00:00 +0000 8111 at http://contractormag.com Help your CPA help you http://contractormag.com/columns/blackman/help-cpa-1111 <div class="field-byline"> IRVING L. BLACKMAN TAX AUTHORITY </div> <div class="node-body article-body">This article is about a simple strategy that few CPAs, lawyers and other professionals know exists. As you are about to learn when this strategy is used, those clients and their families who use it enjoy a huge increase in the amount of their wealth, tax-free, and no additional out-of-pocket cost.</div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/columns/blackman/help-cpa-1111" target="_blank">read more</a></p> Blackman Taxes Tue, 01 Nov 2011 16:00:00 +0000 5302 at http://contractormag.com The four-month estate tax cure http://contractormag.com/columns/blackman/four-month-estate-tax-cure-1011 <div class="field-byline"> IRVING L. BLACKMAN TAX AUTHORITY </div> <div class="node-body article-body">My motivation for writing this article is to comment on the don’t-ever-seem-to-get-done work of many real-life lawyers, particularly those who specialize in estate planning. I’ll bet the farm that at least one-half of you reading this column, who did estate planning, can relate to the example that follows (true and unfortunately, often repeated).</div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/columns/blackman/four-month-estate-tax-cure-1011" target="_blank">read more</a></p> Blackman Taxes contractormag.com/columns contractormag.com/columns/blackman contractormag.com/taxes estate planning estate tax Irving Blackman Sat, 01 Oct 2011 16:00:00 +0000 2729 at http://contractormag.com A marriage made in tax heaven http://contractormag.com/columns/blackman/marriage-tax-heaven-0911 <div class="field-byline"> IRVING L. BLACKMAN TAX AUTHORITY </div> <div class="node-body article-body">Well, maybe there is something new under the sun. Readers of this column know that your author often writes separate articles about the tax magic of an ILIT (irrevocable life insurance trust) and an IDT (intentionally defective trust).</div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/columns/blackman/marriage-tax-heaven-0911" target="_blank">read more</a></p> Blackman Taxes contractormag.com/columns contractormag.com/columns/blackman contractormag.com/taxes IDT (intentionally defective trust) ILIT (irrevocable life insurance trust) Irv Blackman Thu, 01 Sep 2011 14:49:00 +0000 3392 at http://contractormag.com To be or not to be an S corp. … that is the question http://contractormag.com/columns/blackman/to-be-s-corp-0811 <div class="field-byline"> IRVING L. BLACKMAN TAX AUTHORITY </div> <div class="node-body article-body">Are you a closely held business that operates as a C corporation? If your answer is "Yes,"' then this article is a must to read. If you are already an S corporation, chances are you will learn one or more tax tricks, that most people don't know, that will enrich you or your family instead of the IRS</div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/columns/blackman/to-be-s-corp-0811" target="_blank">read more</a></p> Blackman Taxes C corporation contractormag.com/columns contractormag.com/columns/blackman contractormag.com/taxes IRS S corporation taxes Mon, 01 Aug 2011 16:00:00 +0000 5523 at http://contractormag.com A succession planning horror story http://contractormag.com/columns/blackman/succession-planning-horror-story-0711 <div class="field-byline"> IRVING L. BLACKMAN TAX AUTHORITY </div> <div class="node-body article-body">This article has a singular purpose: To make sure that not even one business owner/reader of this column, who wants to sell his business to one or more of his kids, falls into the same economic nightmare and tax trap as Sam and Mary</div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/columns/blackman/succession-planning-horror-story-0711" target="_blank">read more</a></p> Blackman Taxes contractormag.com/columns contractormag.com/columns/blackman contractormag.com/taxes Irving Blackman succession planning Fri, 01 Jul 2011 15:00:00 +0000 3493 at http://contractormag.com Proven solution to make your 401(k) plan healthy http://contractormag.com/columns/blackman/proven-solution-401k-0611 <div class="field-byline"> IRVING L. BLACKMAN TAX AUTHORITY </div> <div class="node-body article-body">Your author is on the warpath: to change a system that has long-been broken, not delivered its promises and skimmed billions of dollars in unearned fees from 401(k)s.</div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/columns/blackman/proven-solution-401k-0611" target="_blank">read more</a></p> Blackman Taxes 401(k) plan contractormag.com/columns contractormag.com/columns/blackman contractormag.com/taxes Irving Blackman taxes Wed, 01 Jun 2011 16:00:00 +0000 3821 at http://contractormag.com New IRS rules make estate planning easier http://contractormag.com/columns/blackman/new-irs-rules-0511 <div class="field-byline"> IRVING L. BLACKMAN TAX AUTHORITY </div> <div class="node-body article-body">The new estate tax law (albeit temporary for only two years: 2011 and 2012) will make estate planning easier, without added complexity. And, best of all, you can be certain of the positive results.</div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/columns/blackman/new-irs-rules-0511" target="_blank">read more</a></p> Blackman Taxes contractormag.com/columns contractormag.com/columns/blackman contractormag.com/taxes Sun, 01 May 2011 16:00:00 +0000 3900 at http://contractormag.com