Articles
Utilizing Multiple LLCs & A New Series LLC State
Last year Kansas became the ninth state to adopt a Series LLC statute and their law is now in full effect. A Series LLC allows a real estate investor with multiple properties to increase their asset protection by minimizing their liabilities between properties. But...
Navigating the 2013 Capital Gain Tax Maze
Before the new 2013 capital gains rates went into effect taxpayers had a relatively simple way of understanding their capital gains taxes as there was only two rates for long term capital gains: zero percent for low income earners and 15% for middle and upper income...
Raising Money Under the New Rule 506(c) Offering: Advertising Now Allowed
The JOBS Act of 2012 amended the rules for private placement offerings (aka “PPMs”) to allow people to advertise and solicit their offerings to prospective investors. Under prior law, a PPM could not be marketed or solicited to people whom the offeror did not have an...
S-Corp Salary/Dividend Split and Reasonable Compensation
One of the most common tax minimization strategies used by operational small business owners is known as the salary/dividend or salary/net income split. This strategy can only be properly executed in an s-corporation where a business owner can pay themselves a portion...
2013 Retirement Plan Contribution Limit Increases
By: Mathew Sorensen, Partner KKOS Lawyers Good news. The IRS has announced increases into the amount of money individuals may contribute into their retirement plans in 2013. The IRS increased the amounts that may be contributed to Traditional and Roth IRAs. The IRS...
2012 Estate Planning Opportunities & Year End Considerations
By: Mathew Sorensen, Partner KKOS Lawyers The 2012 estate and gift tax exemption is $5,120,000. This means that the first $5,120,000 of an individual’s estate may be inherited (at death) or gifted (during life) in 2012 before any estate or gift tax is due. This...
Obamacare 3.8% Investment Income & Real Estate Tax
The Affordable Care Act, also known as Obamacare, includes a new tax on net investment income of 3.8%. While the application of this new tax was slated…
Asset Protection for Self-Directed IRAs
When analyzing asset protection for self directed IRAs we must consider two types of potential threats. First, we must analyze how a creditor can collect against an IRA when the creditor…
Self Directed IRA Strategies & 2012 IRA/LLC Legal Update
Many investors are aware of the opportunities that are available with self directed IRAs. This article highlights the strategies being used by self directed IRA investors and addresses some important issues and some recent cases regarding the IRA/LLC strategy. As most...
What to Use?: A Warranty, Grant or Quit Claim Deed
When it comes to transferring property, such as our rental properties into LLCs and our personal residence into a Trust, it can be confusing understanding the differences between a Quit Claim Deed, Warranty Deed and other terms that may be thrown out. Some states use...
