D’Arcangelo Blog

Buy-Write Strategies for a Flat Market

Up one month, down the next. The stock market this year has offered lots of excitement. As of this writing, broad market indexes have provided little sustenance for bulls or bears, with results not far from early 2018.

Life Insurance for More Than Cash Flow

Many people think of life insurance as a product for family protection. The life of one or two breadwinners is insured; in case of an untimely death, the insurance payout can help with raising children and maintaining the current lifestyle. Once the children are able to live independently and a surviving spouse is financially secure,Continue reading →

A Grain of SALT in New IRS Notice

Taxpayers who itemize deductions on Schedule A of their tax return have been able to deduct outlays for state and local income tax as well as property tax with no upper limit. As of 2018, the Tax Cuts and Jobs Act of 2017 changes that. 

Considerations for Buy-Sell Agreements

Among the trigger events of a small company buy-sell agreement, death of a co-owner typically is included.    Example 1: Wendy Young and Victor Thomas both own 50% of YT Corp. They have a buy-sell, which calls for Wendy to buy Victor’s interest in YT if he dies. Similarly, Victor will buy Wendy’s interest inContinue reading →

Education As A Small Business Fringe Benefit

Among the tax deduction opportunities that have vanished with the passing of the Tax Cuts and Jobs Act of 2017 are miscellaneous itemized deductions that exceed 2% of the taxpayer’s gross income. Such deductions included unreimbursed employee business expenses.

Forever G.I. Bill Extends Benefits to Family Members

When you think of the G.I. Bill, you probably recall reading about a program designed to help military veterans receive college educations after they left the armed forces following World War II. Somewhat less known is that the G.I. Bill has endured, in various forms, until present times. 

How The New Tax Law Affects 529 Plans

For many years, 529 college savings plans have offered a tax-favored way to save for higher education. These plans, officially qualified tuition programs, are named for the IRC section that provides their advantages. 

Moving Your Business to a Low-Tax State

State and local tax (SALT) deductions have a new cap with the passing of the Tax Cuts and Jobs Act of 2017.  Beginning with your 2018 tax return, if you itemize deductions, you can count no more than $10,000 a year of SALT deductions for income and property tax on a single or joint tax returnContinue reading →

Estate Planning with Heirs in Mind

The federal estate tax exemption now exceeds $11 million per person. Accordingly, few individuals or married couples will owe this tax. Nevertheless, there is more to successful wealth transfer than reducing or eliminating estate tax. Ideally, you’ll want your assets to pass to the desired recipients with a minimum of turmoil and expense. How isContinue reading →