Merry Christmas to RAINERS - 12/24/08 06:36 PM
MERRY CHRISTMAS
I just wanted to drop by and wish each and every one of you - my fellow ACTIVE RAINERS - a very, very Merry Christmas and a very Happy and Prosperous New Year for 2009. 
This has been a very challening 2008, but we have all stuck it out together.  I am very glad that 2008 is coming to a close and I very much look forward to a new and prosperous new year in 2009.  It gives me that "something new" is right around the corner kind of feeling.
So, toast to our survival for 2008 and to … (3 comments)

New Tax Court Memorandum Supports Arms Length Private Annuity Trusts - 12/06/08 01:22 PM
In a recent surprise ruling by the United States Tax Court, the US Tax Court held that the taxpayers could defer the payment of their capital gain taxes through the transfer of appreciated property in exchange for a Private Annuity Trust.  However, the structure in this particular case was different than the Private Annuity Trust structure that was more commonly used. 
Tax Court Memorandum
The Tax Court Memo (TCM 2008-269) was filed on December 3, 2008, and ruled that "pursuant to Rev. Rul. 69-74, 1969-1 C.B. 43, 43-44, when a taxpayer exchanges appreciated property for a private annuity, "[t]he gain should … (1 comments)

Defer Payment of Capital Gain Taxes on Sale of Business with Deferred Sales Trust - 12/03/08 09:44 AM
Sell a Company; Pay Capital Gain Taxes
Business owners or investors face the daunting problem of dealing with capital gain taxes when they dispose of business interests or company assets, including the sale of real estate.  Their company has probaby grown with all of their hard work over the years and is now worth substantially more than what they have invested into the business.   Now the increased net value or capital gain will result in capital gain taxes when they sell of the business interest or company. 
Keep What You Have Built
Careful planning for the ultimate capital gain tax so … (10 comments)