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Build Forward Now에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Build Forward Now 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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Tax Strategy Secrets That Drive Local Economic Development - Episode 103

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Manage episode 508482538 series 3684584
Build Forward Now에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Build Forward Now 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

Join host Keith Andrews for an eye-opening conversation with Dr. Bart Basie, retired university professor, IRS subcontractor, and business advisor, recorded live from Nashville. Dr. Basie reveals how federal tax laws aren't just about collecting revenue—they're powerful economic development tools designed to encourage business investment and succession planning.

Key Topics Discussed:

  • C-Corporation Tax Advantages: New 21% flat tax rate with escalating tax-free sale benefits
    • 50% tax-free profits after 3 years of ownership
    • 75% tax-free profits after 4 years of ownership
    • 100% tax-free profits after 5+ years of ownership
  • Business Succession Planning: How proper estate planning keeps local businesses operating instead of closing when owners retire
  • Estate Tax Strategy: The critical importance of filing estate tax returns to maximize basis step-up benefits
  • Municipal Incentives: Real-world examples of state and local tax incentive programs that attract development projects
  • Economic Development Impact: How tax policy drives business investment decisions and community economic growth

Perfect for economic development professionals, business owners planning exit strategies, commercial real estate developers, municipal leaders, and anyone involved in business succession planning or community development finance.

Guest Bio:
Dr. Bart Basie is a retired university professor who now serves as an IRS subcontractor, helping write certification exams for enrolled agents and tax preparers. As a licensed CPA and attorney in multiple states, he advises companies nationwide on mergers, acquisitions, and tax optimization strategies. Dr. Basie teaches continuing education courses for tax professionals and helps businesses navigate complex federal tax regulations.

Key Takeaways:

  1. Congress designs tax laws to encourage specific economic activities, not just collect revenue
  2. Proper business structure matters: C-Corporations offer significant advantages over LLCs for long-term business owners
  3. Succession planning saves businesses: Without proper planning, retiring business owners may close rather than sell
  4. Estate tax returns benefit everyone: Filing creates basis step-up that eliminates capital gains taxes for heirs
  5. Tax laws change frequently: Business owners need current, professional tax advice to maximize benefits
  continue reading

5 에피소드

Artwork
icon공유
 
Manage episode 508482538 series 3684584
Build Forward Now에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Build Forward Now 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

Join host Keith Andrews for an eye-opening conversation with Dr. Bart Basie, retired university professor, IRS subcontractor, and business advisor, recorded live from Nashville. Dr. Basie reveals how federal tax laws aren't just about collecting revenue—they're powerful economic development tools designed to encourage business investment and succession planning.

Key Topics Discussed:

  • C-Corporation Tax Advantages: New 21% flat tax rate with escalating tax-free sale benefits
    • 50% tax-free profits after 3 years of ownership
    • 75% tax-free profits after 4 years of ownership
    • 100% tax-free profits after 5+ years of ownership
  • Business Succession Planning: How proper estate planning keeps local businesses operating instead of closing when owners retire
  • Estate Tax Strategy: The critical importance of filing estate tax returns to maximize basis step-up benefits
  • Municipal Incentives: Real-world examples of state and local tax incentive programs that attract development projects
  • Economic Development Impact: How tax policy drives business investment decisions and community economic growth

Perfect for economic development professionals, business owners planning exit strategies, commercial real estate developers, municipal leaders, and anyone involved in business succession planning or community development finance.

Guest Bio:
Dr. Bart Basie is a retired university professor who now serves as an IRS subcontractor, helping write certification exams for enrolled agents and tax preparers. As a licensed CPA and attorney in multiple states, he advises companies nationwide on mergers, acquisitions, and tax optimization strategies. Dr. Basie teaches continuing education courses for tax professionals and helps businesses navigate complex federal tax regulations.

Key Takeaways:

  1. Congress designs tax laws to encourage specific economic activities, not just collect revenue
  2. Proper business structure matters: C-Corporations offer significant advantages over LLCs for long-term business owners
  3. Succession planning saves businesses: Without proper planning, retiring business owners may close rather than sell
  4. Estate tax returns benefit everyone: Filing creates basis step-up that eliminates capital gains taxes for heirs
  5. Tax laws change frequently: Business owners need current, professional tax advice to maximize benefits
  continue reading

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