Exploiting the New IRC 199A Pass-Thru Business Deduction Using Multiple Taxpayers

By Steven J. Oshins, Esq., AEP (Distinguished) The 2017 Tax Act was rushed in order to make it effective as of January 1, 2018.  Anything that is rushed certainly will create opportunities for creative estate planners who will exploit the new tax laws for the benefit of their clients.  The greatest opportunity business owners received from the Trump Tax Act is the new IRC 199A pass-thru business deduction.  This deduction allows certain taxpayers to deduct 20% of their Qualified Business Income. The Taxable Income Limitations For a married couple with taxable income of no more than $315,000 and for an…

Six Big Mistakes When Choosing an Associate Attorney

By Philip J. Kavesh, J.D., LL.M. (Taxation), CFP®, ChFC, California State Bar Certified Specialist in Estate Planning, Trust & Probate Law Although attorneys are trained in the technical aspects of the law, we haven’t been taught how to run a successful business, often relying upon trial and error as costly teachers. In the process of building my own practice, I have made each and every one of the following mistakes when hiring associate attorneys, so I am speaking to you from experience. Mistake #1: Focusing mainly on the associate’s law school, credentials, experience and technical expertise. As educated and experienced…

Making Meaning Out of Stock Market Noise…AGAIN

By Jason Oshins, Financial Advisor, MBA I’m a Yankees fan.  A proud one at that.  The Yankees have had measured success over the long term.  My favorite team of all time is the team that won the World Series in 1998.  They set a record for most games won that year—they won 114 games.  Do you also know what happened?  They lost 48 games!  Thirty percent of their games!  That’s a lot of games to lose… unless you view it within the context of how many they won. The market has experienced extreme volatility.  Sure, it doesn’t feel good, but…