Kiddie Tax Rules and Planning Strategies

Jack Prot

At one time, long, long ago, a common tax strategy was to shift investment income from a parent to their child (children) to take advantage of the child’s (children) lower tax bracket/rate. This planning strategy was eliminated with the introduction of the kiddie tax. Like every other stopgap measure, CPAs […]

Foreign Investment in Real Property Tax Act

Jack Prot

In 1980, Congress enacted the Foreign Investment in Real Property Tax Act (FIRPTA), 26 U.S.C.S. 1445. The law provides that if a seller of real property is a “foreign person,” the buyer must withhold a tax equal to 10% of the gross purchase price, unless an exemption applies under the […]

Turbo Strategy – A Book Summary

Jack Prot

Businesses are run mostly on auto-pilot and any problem areas are only dealt with when they are already critical, but by then it may already be too late. Most business managers are too busy with the day-to-day work to sit back and look at the business critically in terms of […]

This Is the Secret of Sales

Jack Prot

Imagine if there was a secret to successful selling. Imagine if there was one concept, one rule you could learn and follow, and if you learned and applied this rule, then you would successfully be able to sell any product or service you chose to. And not only would you […]

Smart Stock Investing

Jack Prot

Investing in stocks has been a trend for a long time from now. What is necessary here is a smart stock investing. When investing in stocks it is required that you plan it well and know how much of funds you would have to invest in them. By smart stock […]

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