You’re a baby boomer. You’ve built a successful business. Now it’s time for you to decide what’s right for your future and the future of your business. Don’t leave it to chance; create an exit plan. The baby boomer generation has been one of the most entrepreneurial generations in the history of our country. During […]
What is an exit from a business? It can be as emotionally violent as a bankruptcy or be a quiet closing with all debts paid. You may get an offer that you can’t refuse and be set up for life or your next business. You can plan to sell at a good time: take the […]
Boltar, L.L.C. Joseph Calabria, Jr., Tax Matters Partner, Petitioner vs. Commissioner of Internal Revenue Service, Respondent, 136 T.C. No. 14, Dated April 5, 2011. The Facts: Boltar, L.L.C. (Boltar) claimed a federal income tax deduction for a conservation easement as a qualified conservation contribution of $3,245,000 on their timely filed partnership return. The IRS disallowed […]
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