The personal holding company tax is often thought to be a remnant of days long gone but it can still come back to haunt business owners. This additional tax can be assessed against a closely held company if it receives excess investment income. However, with some careful tax planning, you may be able to avoid any dire tax consequences.
Reviewing the U.S. Tax Court ruling in Avrahami v. Commissioner involving an 831(b) captive insurance company.30 Nov -0001 Written by Super User
The U.S. Tax Court recently ruled in Avrahami v. Commissioner, involving a captive insurance company under Section 831(b) of the Internal Revenue Code (IRC).
Do you know what is important about the "Purchase Price Allocation" in an asset purchase transaction?15 May 2017 Written by Joshua Watkins
There are circumstances where an asset sale is not the prefered purchase method. Typically, those are situations where the business entity holds a license that is non-transferrable, such as a liquor license, or the entity has a non-transferable contract, such as a government that took a long time to bid and be awarded, but for most transactions, an asset sale is going to be the preferable form of purchase.