Archive for February 9, 2007

How Much Is That Business In The Window-Do You Know The Worth Of Your Business?

How does one go about determining the value of his closely held business? There are many ways to make this determination and in all too many circumstances, the valuation is given little or no consideration by the business owner. Not knowing a business’ value can lead to improper estate planning, a poorly written buy/sell agreement, and a lack of planning regarding the business owner’s retirement. If this is the situation regarding your closely held business, give this article your undivided attention as we will explore my favorite method of valuing a closely held business (a business that is not publicly traded). If you are just starting a new business. please read this article and gain from it the importance of developing a strategic plan and thinking beyond it’s normal day-to-day operations.


Get IRS Tax Relief From The Innocent Spouse Relief Doctrine

IRS Tax Relief can be found in “Innocent Spouse Relief” if the tax debt arises from a return filed jointly with your spouse. In the case of a joint tax return both spouses share liability for all tax owed. Filing for IRS Innocent Spouse Relief can allow you to be excused from tax debt and penalties.