Exit Plans Do Not Always Require A Sale

Exit Plans Do Not Always Require A Sale So what else can you do besides selling? What constitutes a successful business exit? A few examples, which does not need to include selling everything to strangers as part of your plan: All in the family: The Tuttle family, of Dover, New Hampshire, kept a dairy operation…

IRS Seizes Cash Deposits

The New York Times this week described an asset forfeiture case involving a restaurant with routine cash deposits of less than $10,000. http://www.nytimes.com/2014/12/14/us/irs-asset-forfeiture-case-is-dropped-.html?_r=0 Take-away: Get the information for a Form 8300, including taxpayer information numbers, for cash payments, even those involving non-terrorist items like Iowa eggs and bacon for breakfast, or risk equivalent (and unjustified) government…