Kutchins, Robbins & Diamond LTD.

Certified Public Accountants

847-240-1040

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Irrevocable Life Insurance Trust (ILIT) – Tax Benefits

An Irrevocable Life Insurance Trust (ILIT) is a trust that cannot be rescinded, amended or modified post creation. (Of course if you stop paying the insurance premiums, the trust will...

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Employee Stock Ownership Plan – Succession Planning Option

An Employee Stock Ownership Plan (ESOP) is a company-funded retirement plan, very similar to a profit sharing plan that holds company stock in accounts for the participants.  An ESOP is a defined...

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Captive Insurance Has Its Advantages and Disadvantages

A captive is an insurance company created and wholly owned by one or more non-insurance companies to ensure the risks of its owners.  Captives are essentially a form of self-insurance whereby the...

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Section 199A – Extra Tax Savings for Your Business?

The new Section 199A deduction gives owners of pass-through business entities (e.g. sole proprietors, partners in partnerships, some real estate investors, and S Corporation shareholders) an extra...

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Intra-Family Loans: Can They Benefit Your Family?

With the estate tax exemption at approximately $11.5 million most of our clients would not achieve any transfer tax savings from making below market interest rate loans and letting their children...

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Are Taxes Apart of Your Investment Strategy?

Taxes are a big drag on investment performance, greater than either commissions or management fees.

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