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Tax Impact - September/October 2011 Edition

Thursday, September 01, 2011 - Miguel G. Farra, CPA, JD

Do you know how lending money to loved ones can be a tax-smart strategy for transferring wealth to family members? Or are you aware of a remarkable tax break that might be beneficial for you — if you act by the end of the year?

MBAF is pleased to present the September/October 2011 issue of Tax Impact. In it, we discuss:

  • The benefits of making an intrafamily loan in today’s low-interest-rate environment, along with some risks,
  • How investing in qualified small business stock (QSBS) offers the prospect of tax-free gains, but also involves many complexities,
  • Tax deferral opportunities inherent in a Section 1031 (“like-kind”) exchange, and five potential traps investors should be wary of, and
  • IRS rulings regarding deferral of gift-card income; “red flags” that may trigger an IRS audit; and why municipal bonds touted as “tax-free” might not necessarily be so.

To view a PDF of this newsletter with full articles, please visit our website by clicking
Tax Impact - September/October 2011 Edition

The ideas we discuss in Tax Impact are relevant to your success, and we welcome your questions or comments. We realize that we cannot fully address these complex issues in a few short articles, so we invite you to call us at 1-800-239-1474 to discuss your needs. MBAF would be glad to assist you in any way we can.
 
Sincerely,  
 
Miguel Farra