Month: May 2016

IRA’s and Nontraditional Assets

Upon retiring, many corporate executives and other employees decide to start a second career.  In some cases, these people roll over funds from their corporate retirement accounts to an individual retirement account (IRA).  The IRA then purchases a business that the person runs.  The goal, of course, is to avoid currently paying tax on the […]

Written by on May 20, 2016

Cashing Out of the Corporate Business (Part 2)

In the previous post, we discussed the advantages of making an S election five years prior to a corporation selling its assets.  A corporation that makes the S election typically avoids the two levels of tax (corporate level and shareholder level).  However, a corporation that makes an S election and sells its assets within five […]

Written by on May 13, 2016