Taxes http://contractormag.com/taxonomy/term/6640/more en How to sell your business to an employee http://contractormag.com/blackman/how-sell-your-business-employee <div class="node-body article-body">Own all or part of a closely held business? Someday the succession plan buzzer will go off. </div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/blackman/how-sell-your-business-employee" target="_blank">read more</a></p> http://contractormag.com/blackman/how-sell-your-business-employee#comments Blackman Taxes Registered User Fri, 08 Jan 2016 20:15:00 +0000 413591 at http://contractormag.com Make sure your succession plan is successful! http://contractormag.com/blackman/make-sure-your-succession-plan-successful <div class="node-body article-body">Sooner or later, like it or not, when you own all or part of a closely held business, you must wrestle with your unique “succession planning problems.” </div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/blackman/make-sure-your-succession-plan-successful" target="_blank">read more</a></p> http://contractormag.com/blackman/make-sure-your-succession-plan-successful#comments Blackman Taxes Registered User Mon, 02 Nov 2015 17:31:00 +0000 412211 at http://contractormag.com What keeps this tax planner up at night? http://contractormag.com/blackman/what-keeps-tax-planner-night <div class="node-body article-body">The answer: Mistakes. Actually, mistakes that professional advisors make, causing readers of this column to lose unnecessary dollars to the IRS.</div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/blackman/what-keeps-tax-planner-night" target="_blank">read more</a></p> http://contractormag.com/blackman/what-keeps-tax-planner-night#comments Blackman Taxes Wed, 07 Oct 2015 15:59:00 +0000 411431 at http://contractormag.com Get a second opinion on estate plan http://contractormag.com/blackman/get-second-opinion-estate-plan <div class="node-body article-body">This article is the story of the typical owner (Joe) of a family business who decides it is time to get his estate plan done. </div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/blackman/get-second-opinion-estate-plan" target="_blank">read more</a></p> http://contractormag.com/blackman/get-second-opinion-estate-plan#comments Blackman Taxes Registered User Thu, 03 Sep 2015 15:42:00 +0000 410731 at http://contractormag.com Converting your IRA from a tax loser to a tax winner http://contractormag.com/blackman/converting-your-ira-tax-loser-tax-winner <div class="node-body article-body">We are all dealt the same cards in the tax game, but how you play them determines whether the IRS or you win.</div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/blackman/converting-your-ira-tax-loser-tax-winner" target="_blank">read more</a></p> http://contractormag.com/blackman/converting-your-ira-tax-loser-tax-winner#comments Blackman Taxes Registered User Wed, 05 Aug 2015 19:14:00 +0000 410061 at http://contractormag.com How to escape the double tax trap of your qualified plan funds http://contractormag.com/blackman/how-escape-double-tax-trap-your-qualified-plan-funds <div class="node-body article-body">Raise your hand if you have a significant amount of dollars ($400,000 or more) in a profit-sharing plan, IRA, 401(k) or other qualified plan. </div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/blackman/how-escape-double-tax-trap-your-qualified-plan-funds" target="_blank">read more</a></p> http://contractormag.com/blackman/how-escape-double-tax-trap-your-qualified-plan-funds#comments Blackman Taxes Registered User Thu, 07 May 2015 16:15:00 +0000 408191 at http://contractormag.com Tax strategies that turn life insurance lemons into lemonade http://contractormag.com/blackman/tax-strategies-turn-life-insurance-lemons-lemonade <div class="node-body article-body">Did you ever wonder why the rich buy so much life insurance? The answer is in the numbers: The crazy tax law allows you to multiply a small portion of your wealth into millions of tax-free dollars. </div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/blackman/tax-strategies-turn-life-insurance-lemons-lemonade" target="_blank">read more</a></p> http://contractormag.com/blackman/tax-strategies-turn-life-insurance-lemons-lemonade#comments Blackman Taxes Registered User Mon, 06 Apr 2015 16:30:00 +0000 407491 at http://contractormag.com iStock/Thinkstock Most-used tax strategies in 2014 http://contractormag.com/blackman/most-used-tax-strategies-2014 <div class="node-body article-body">Before you start reading this column, let's look back at 2014. Last year is the first year in memory when there was no significant change in the tax law: neither income tax or estate tax. </div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/blackman/most-used-tax-strategies-2014" target="_blank">read more</a></p> http://contractormag.com/blackman/most-used-tax-strategies-2014#comments Blackman Taxes Registered User Fri, 06 Feb 2015 16:33:00 +0000 405591 at http://contractormag.com iStock/Thinkstock How to transfer your business to your kids http://contractormag.com/blackman/how-transfer-your-business-your-kids <div class="node-body article-body">It's December in Chicago: cold, snowy and blustery. What has the winter weather got to do with business succession? It's just too late to get any serious tax planning done. </div> <div class="og_rss_groups"></div><p><a href="http://contractormag.com/blackman/how-transfer-your-business-your-kids" target="_blank">read more</a></p> http://contractormag.com/blackman/how-transfer-your-business-your-kids#comments Blackman Taxes Registered User Wed, 07 Jan 2015 16:20:00 +0000 404341 at http://contractormag.com Photo: Adam Gault/Digital Vision/Thinkstock 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="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