There was a moment over 20 years ago when the future success of my then-very-young and then-very-small business may have rested on a decision I was about to make, and I didn’t even realize it.
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Twenty-Five Years Of Trust
Introducing The PHFG Management Board
Fujiwara Mahito understood that for every family-controlled business, there comes a time when the founder must hand the keys to the next generation. That’s why Mahito’s inn, the Nishiyama Onsen Keiunkan in Japan, is still operating today, more than 1,300 years after he established it.
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How To Reduce FIRPTA Withholding
Foreign buyers purchased a record $153 billion of U.S. real estate during the 12 months ending in March 2017, according to the National Association of Realtors®. As these buyers secured their pieces of the American dream, they may not have realized that Uncle Sam will want his share when it comes time to sell.
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New Arrivals And Assignments
The Palisades Hudson team got bigger, broader and deeper in 2017 as veteran staffers moved into new management roles and took charge of more territory while newcomers expanded our ranks.
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Duly Noted
SCOTUS Considers Whether Shredding Receipts Constitutes Obstruction. Carlo Marinello operated his courier service, carrying parcels between the United States and Canada, on an all-cash basis. He also paid personal expenses such as his mortgage in cash, and he made a habit of shredding receipts and other records.
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The Emerging GOP Tax Plan
While no tax reform is ever final until the president signs it into law, it seems increasingly likely that congressional Republicans will enact some significant tax changes soon. For taxpayers, all this uncertainty can be unnerving. After all, good tax planning happens with an eye to the future, and when a major shift in taxation is imminent, it can feel as if planning grinds to a halt. But taxpayers can consider the most likely of these changes now without succumbing to either panic or pressure.
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GRAT Planning Strategies
A grantor retained annuity trust, commonly called a GRAT, allows a grantor to pass assets to a beneficiary while minimizing his or her federal gift and estate tax burden. While GRATs do offer some undeniable advantages, like any estate planning technique, they are not right for everyone.
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Duly Noted
Veteran Chopper Pilot Shoots Down IRS Arguments. After serving two stints over nearly 25 years as a helicopter pilot and flight instructor for the Army, Jesse Linde found himself losing out to younger pilots for stateside jobs. While his wife remained in Alabama, Linde relocated in 2009 to Iraq, where he found steady work flying for a government contractor.
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Giving After Disaster Strikes
Natural disasters can make humans feel powerless. The impulse to help in their wake is both natural and admirable. But while there is no such thing as “bad generosity,” some gifts are more valuable than others.
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When Should You Borrow From Your 401(k)?
Sometimes the money in your retirement account can do more good in the present than in the future. While you should never raid your 401(k) for a new flat-screen TV or a vacation, under certain circumstances borrowing from your retirement plan can serve as a responsible financial planning solution.
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