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The Family Charity Plan Courtesy of  InKnowVision   How to reduce income tax's How to reduce estate tax liability Items no...
Disclosures : The case studies here might not be appropriate for everyone. The facts, information and strategies were corr...
CPA’s and Attorneys ask all the time ….. <ul><li>How can heirs get more money? </li></ul><ul><li>Can we save clients more ...
This strategy might <ul><li>Increase </li></ul><ul><ul><li>Transfers to Heirs </li></ul></ul><ul><ul><li>Transfer to Chari...
Who might use this strategy? <ul><li>Pending  </li></ul><ul><ul><li>Capital gain </li></ul></ul><ul><ul><li>Ordinary incom...
Goal of Strategy <ul><li>Reduce </li></ul><ul><ul><li>Income tax on sale </li></ul></ul><ul><ul><li>Ongoing income tax </l...
Comparing before and after implementation
Charity Advantage
Heirs Advantage
Year by Year Comparison
Income Tax Savings
Anyone with ….. <ul><li>Large </li></ul><ul><ul><li>IRA’s </li></ul></ul><ul><ul><li>Annual income (one time or multiple y...
Other requirements <ul><li>Strategy Limitation </li></ul><ul><ul><li>Not suitable for everyone </li></ul></ul><ul><ul><li>...
Need more information? <ul><li>Contact Amir </li></ul><ul><ul><li>Email </li></ul></ul><ul><ul><li>Twitter </li></ul></ul>...
 
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How charities can benefit on private business owner income tax savings

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With massive budget deficits and business sales being down due to the tough economic climate, we are slowly beginning to see some small (and yet very slow) signs of recovery. With more than 50% of the US economy coming from private business owners and passing by the half way mark of the year, business owners start to think about tax planning right about now. Here is one particular strategy that can be used for income tax savings. This is not suitable for everyone and is pretty complex but for the right person can be a real win win (business owner, their family and charity). With some of the tax savings, new people can be hired, new investment back into the business and all sorts of other strategies can be pursued.

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How charities can benefit on private business owner income tax savings

  1. 1. The Family Charity Plan Courtesy of InKnowVision How to reduce income tax's How to reduce estate tax liability Items not covered by Your current advisor
  2. 2. Disclosures : The case studies here might not be appropriate for everyone. The facts, information and strategies were correct at the time of publishing. Multiple information sources, specialists (tax, legal, pension and actuarial) as well as investment experts and other advisors have been used to compile the end result. Past performance does not guarantee future results . The following material is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument. The information here should also not be used or relied upon for legal, tax and investment advice. Please consult your attorney, tax advisor or financial advisor for further consultation. The views discussed here may not be appropriate for all investors. Please conduct your own due diligence and research . Any forecasts and charts contained here are for illustrative purposes only and should not be relied upon as advice or interpreted as a recommendation . Opinions, estimates, forecasts and any other statements or financial forecasts/market commentary are based on current conditions and are subject to change without notice.
  3. 3. CPA’s and Attorneys ask all the time ….. <ul><li>How can heirs get more money? </li></ul><ul><li>Can we save clients more income tax’s? </li></ul><ul><li>Can clients give more money to charities? </li></ul><ul><li>Do clients have to give up control of assets? </li></ul>
  4. 4. This strategy might <ul><li>Increase </li></ul><ul><ul><li>Transfers to Heirs </li></ul></ul><ul><ul><li>Transfer to Charities </li></ul></ul><ul><li>Reduce </li></ul><ul><ul><li>Income Tax </li></ul></ul><ul><ul><li>Estate Tax </li></ul></ul>
  5. 5. Who might use this strategy? <ul><li>Pending </li></ul><ul><ul><li>Capital gain </li></ul></ul><ul><ul><li>Ordinary income </li></ul></ul><ul><li>Retiree who </li></ul><ul><ul><li>Needs to remove an asset out of their estate </li></ul></ul><ul><ul><li>Has a highly appreciated asset </li></ul></ul><ul><li>Executive </li></ul><ul><ul><li>Selling stock/asset/real estate </li></ul></ul><ul><ul><li>Receiving income </li></ul></ul>
  6. 6. Goal of Strategy <ul><li>Reduce </li></ul><ul><ul><li>Income tax on sale </li></ul></ul><ul><ul><li>Ongoing income tax </li></ul></ul><ul><li>Increase </li></ul><ul><ul><li>Assets passing to heirs </li></ul></ul><ul><ul><li>Charitable giving during lifetime </li></ul></ul>
  7. 7. Comparing before and after implementation
  8. 8. Charity Advantage
  9. 9. Heirs Advantage
  10. 10. Year by Year Comparison
  11. 11. Income Tax Savings
  12. 12. Anyone with ….. <ul><li>Large </li></ul><ul><ul><li>IRA’s </li></ul></ul><ul><ul><li>Annual income (one time or multiple years) </li></ul></ul><ul><li>Future or past (same tax year) sale of: </li></ul><ul><ul><li>Business </li></ul></ul><ul><ul><li>Real Estate </li></ul></ul><ul><ul><li>Stocks </li></ul></ul><ul><ul><li>Options </li></ul></ul>
  13. 13. Other requirements <ul><li>Strategy Limitation </li></ul><ul><ul><li>Not suitable for everyone </li></ul></ul><ul><ul><li>Age plays an important part </li></ul></ul><ul><li>Advanced team of: </li></ul><ul><ul><li>Legal expertise and know how is required </li></ul></ul><ul><ul><li>Tax expertise and knowledge is required </li></ul></ul><ul><ul><li>Insurance professional is required </li></ul></ul>
  14. 14. Need more information? <ul><li>Contact Amir </li></ul><ul><ul><li>Email </li></ul></ul><ul><ul><li>Twitter </li></ul></ul><ul><ul><li>Facebook Page (if you need a resource) </li></ul></ul><ul><ul><li>678 Partners web site </li></ul></ul><ul><ul><li>LinkedIn (Invitation only) </li></ul></ul><ul><ul><li>Blog (how can we help you?) </li></ul></ul><ul><ul><li>312-725-3635 (Respond in less than 24 hours) </li></ul></ul>

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