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Monday, October 29, 2012

Tax Deductible Life Insurance, but how?

Universal Life Insurance

Universal Life Insurance is a form of Permanent Life Insurance, with considerable differences between the two. This form of insurance was created to provide customers with a better understanding of their policy and relieve them of some of the stricter policy provisions that come with standard whole life insurance.

Universal Life Insurance: How it Works

With universal life, the policyholder can arrange the benefits to meet his or her needs. The policyholder controls how much of the premium is paid toward the insurance and toward the savings, and can change the value of the policy as well. There may be a specific limit to how much the policy can be changed at one time, especially if the policyholder does not provide another health exam. Increases in the death benefit usually require updated proof of insurability. Universal life policies also allow for changing the amount and timing of premiums from time to time, as long as the premium covers the cost of monthly maintenance of the policy and maintains a basic benefit amount. If you fail to cover these minimum premiums, the death benefit of your policy can be greatly reduced.

Choosing a Universal Life Policy

Universal life policies usually have a minimum interest rate, but the rates can fluctuate similarly to a money market account. Therefore there are no guarantees as far as savings or cash value earnings. However, the growth of these accounts is at a substantially higher rate than average whole life insurance. These policies can sometimes allow any dividends paid by the insurer to be placed in the cash value account, as well.
Universal life insurance is the perfect policy for someone who has yet to purchase a home or start a family but expects to do so in the future because of its easy changeability and quick profit margin. However, because it involves more participation from the policyholder, consultation is recommended.
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ROBS Plans.

ROBS plans, while not considered an abusive tax avoidance transaction, are, according to the IRS, "questionable" because they may solely benefit one individual – the individual who rolls over his or her existing retirement 401k withdrawal funds to the ROBS plan in a tax-free transaction. In most cases, since the IRS pronouncement concerning this potentially discriminatory approach, ROBS plans have been inclusive of all participants and provide broad-based participation for all employees. The ROBS plan then uses the rollover assets to purchase the stock of the new business. A C corporation must be set up in order to roll the 401K withdrawal.
Promoters, such as a Roth IRA broker of a self directed IRA LLC, or small business financing, aggressively market IRS ROBS arrangements to prospective entrepreneurs and business owners for funding for a business as small business financing. In the case of most ROBS facilitators, there is a very close relationship between the promoter/facilitator and the franchise industry, seeking to sell and promote business "opportunities" and seeking funding sources for these sales and promotions. Most ROBS "promoters" and facilitators pay substantial referral fees to the franchise brokers who refer business to the promoters. Rarely are these fees disclosed to the entrepreneur. Fees charged by most "promoters," consequently, are in excess of the fees that would be charged by attorneys and accountants for the same services who are prohibited from paying referral fees. There remains a substantial question whether such referral fees are illegal under ERISA and the U.S. Criminal Code: Offer, Acceptance, or Solicitation to Influence Operations of Employee Benefit Plan (18 U.S.C. Section 1954).
In many cases, the broker will apply to IRS for a favorable determination letter (DL) as a way to assure their clients that IRS approves the ROBS arrangement. The IRS issues a DL based on the plan’s terms meeting Internal Revenue Code requirements. DLs do not give plan sponsors protection from incorrectly applying the plan’s terms or from operating the plan in a discriminatory manner. When a plan sponsor administers a plan in a way that results in prohibited discrimination or engages in prohibited transactions, it can result in plan disqualification and adverse tax consequences to the plan’s sponsor and its participants. Accordingly, promoters who emphasize or "promote" base on a favorable determination letter are, at a minimum, engaging in deceptive trade practices.

ROBS Project Findings

New Business Failures
Preliminary results from the ROBS Project indicate that, although there were a few success stories, most ROBS businesses either failed or were on the road to failure with high rates of bankruptcy (business and personal), liens (business and personal), and corporate dissolutions by individual Secretaries of State. Some of the individuals who started ROBS plans lost not only the retirement assets they accumulated over many years, but also their dream of owning a business. As a result, much of the retirement savings invested in their unsuccessful ROBS plan was depleted or ‘lost,’ in many cases even before they had begun to offer their product or service to the public. These findings are questionable since there are many ROBS arrangements in which the businesses are quite successful and represent very prudent alternatives to more traditional investments.
Specific Problems with ROBS
Some other areas the ROBS plan could run into trouble:
  • After the ROBS plan sponsor purchases the new company’s employer stock with the rollover funds, the sponsor amends the plan to prevent other participants from purchasing stock. Since the 2008 announcement from the IRS such amendments are rare.
  • If the sponsor amends the plan to prevent other employees from participating after the DL is issued, this may violate the Code qualification requirements. These types of amendments tend to result in problems with coverage, discrimination and potentially result in violations of benefits, rights and features requirements.
  • Promoter fees
  • Valuation of assets
  • Failure to issue a Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., when the assets are rolled over into the ROBS plan.
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Do's and Don'ts of Tranactions for Self Directed IRA's

Prohibited Asset Types
IRS regulations prohibit IRA investments in life insurance and in collectibles such as artwork, rugs, antiques, metals (there are exceptions for certain kinds of bullion), gems, stamps, coins (there are exceptions for certain coins minted by the U.S. Treasury), alcoholic beverages, and certain other tangible personal property.

Prohibited Transactions

IRS regulations prohibit transactions that are an improper use of the value in the account or annuity by the account owner, the account owner's beneficiary, or any other disqualified person. These rules are generally designed to prevent self-dealing. Disqualified persons include your fiduciary and members of your family, such as your spouse, ancestor, lineal descendant (e.g. children), and any spouse of a lineal descendant). In addition, other disqualified persons include:
  • Service providers of the IRA (e.g., custodian, CPA, financial planner);
  • An entity (such as a corporation, partnership, limited liability company, trust or estate) of which 50% or more is owned directly or indirectly or held by a fiduciary or service provider;
  • An entity that is a 10% or more partner or joint venturer of with an entity that is 50% or more owned directly or indirectly or held by a fiduciary or service provider;
  • Additionally, in the case of a SEP or SIMPLE IRA:
    • The Employer;
    • 50% or more owner of the Employer;
    • Officers, directors, 10% or more shareholders, and highly compensated employees of the Employer;
    • An entity 50% or more owned by the Employer;
    • 10% or more partner or joint venturer of the Employer.
The following are prohibited transactions with an IRA:
  • Borrowing money from it.
  • Selling property to it.
  • Receiving unreasonable compensation for managing it.
  • Using it as security for a loan.
  • Buying property for personal use (present or future) with IRA funds.
If the account owner or beneficiary engaged in a prohibited transaction, the account is treated as distributing all its assets to you at their fair market values on the first day of the year in which the transaction occurred. The distribution would be subject to any taxes or penalties associated with an early distribution. Generally, a 10% early withdrawal penalty and treatment of the distribution as ordinary income for the purposes of income taxes.
Examples of self-dealing include:
  • Having your IRA purchase real estate that you own or use.
  • Issuing a mortgage on a relative’s new residence purchased by a family member who is a disqualified person as listed above.
  • Granting a child a second mortgage for the down payment on his or her first home.
  • Buying stock from the account owner involving IRA funds and a disqualified person.
  • Purchasing stock in a closely held corporation in which the account owner has a controlling equity position.
  • Purchasing restricted stock from a family member who is a disqualified person listed above.

Common Permitted Investments

Some of the additional investment options permitted under the regulations include real estate, stocks, mortgages, franchises, partnerships, private equity and tax liens. Real estate may include residential and commercial properties (U.S. & Internationally), farmland, raw land, new construction, property renovation, development, and passive rental income. Real estate purchased in a self-directed IRA can have a mortgage placed against the property, thus lowering the amount of total cash needed for a purchase; however, neither the IRA nor the account owner of the IRA can have personal liability on the mortgage. Business investments may include partnerships, joint ventures, and private stock. This can be a platform to fund a start-up business or other for-profit venture that is managed by someone other than the account owner of the IRA. Other alternative investments include: commodities, hedge funds, commercial paper, foreign stock, royalty rights, equipment & leases, American depository receipts, and U.S. T-bill

Limited liability company structured IRA

In an effort to reduce fees, paperwork, and processing delays, some self-directed IRA investors choose to employ a Limited Liability Company (LLC) IRA structure. In such a structure the account holder directs his IRA custodian to invest into a limited liability company that the account owner manages himself. The account owner can then execute transactions on the LLC level without the involvement of the IRA custodian, thus reducing fees and eliminating custodian transactional fees and delays. The profits of the LLC pass through to the IRA with nearly identical tax favorable treatment. Some claim that this IRA LLC strategy has been legitimized through a tax court case: Swanson v. Commissioner, 106 T.C. 76 (1996). Others disagree on the validity of the court case.[1] Some refer to this structure as "checkbook control" because the IRA account holder often has sole signing authority for the LLC and its bank accounts.
Although Swanson v. Commissioner doesn't directly relate to a single member IRA LLC, but instead merely sets a precedence that an individual can control an entity owned by an IRA or IRAs that they are a disqualified person to, there are other cases, private letter rulings and IRS Memorandums that collaborate the validity of the IRA LLC and Checkbook Control over an IRA. To quote a few:
Ancira v. Commissioner 119 T.C. No. 6 (2002)- Ancira acted as a conduit for her self directed IRA custodian
DOL Advisory Opinions 97-23A and 2005-03A - The Department of Labor takes the position that if an asset is owned 100% by a plan, that asset becomes the plan
IRS Field Service Advice 200128011 - IRS Confirms: "The type of investment that may be held in an IRA is limited only with respect to insurance contracts, under section 408(a)(3), and with respect to certain collectibles, under section 408(m)(1").

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The Ultimate Self Directed IRA

The Ultimate IRA redefines investment freedom.
  • True Diversification. With the Ultimate Self-directed IRA you can invest your retirement funds directly into real estate, tax liens, small businesses, private placements, personal loans, foreclosures, gold & silver and all other alternative (i.e. non-Wall Street) investments that are not available through a typical IRA. Of course, you can continue to invest your retirement funds in all traditional investments (e.g. stocks, bonds, mutual funds, etc.)
  • Checkbook Control. The Ultimate IRA comes with a checking account, which we will assist you in setting-up at your bank so your retirement funds will always be under your control. Once the account is set-up, it's easy to begin placing investments, all you have to do is simply write a check. This enables you to move quickly when time-sensitive opportunities and other on-the-spot investments present themselves.
  • Investment Control. The Ultimate IRA is the ultimate self-directed IRA, giving you complete control over your retirement account, enabling you to make all investment decisions alone, or with the help of a financial professional.
  • Tax-Deferred Investing. The Ultimate IRA enables you to take control of your retirement funds without incurring any early distribution penalties or taxes. Furthermore, the profits generated from your investments flow back into your account and continue to grow tax-deferred, or tax-free in the case of a Roth, helping you build the retirement you want.
  • Rollover Options. Your Ultimate IRA can be funded by transferring or rolling-over funds from any of your existing retirement accounts or plans IRA, 401K, Roth IRA, SEP IRA, Keogh, 403b, etc., or by making an initial contribution.
  • Limited Fees. Once your Ultimate IRA is set-up, there are no asset-based-holding fees or transaction fees, rather there is a low fixed annual fee regardless of how large your account is or how many transactions you place during the year.
How does the Ultimate Self-Directed IRA work?
Let’s look under the hood of the self-directed IRA, and see how it works.
  1. Broad starts the process by facilitating a new self-directed IRA at a registered self-directed IRA custodian.
  2. With the new self-directed IRA in place, funds from previous retirement accounts (IRA, 401K, etc.) can now be rolled over. Or the account can be started with an initial contribution.
  3. Broad then sets up a Limited Liability Company (LLC) for the self-directed IRA. This is an important step as the LLC will serve as the investing platform for the plan. Each LLC is customized to adhere to the laws and regulations which govern self-directed IRA investment platforms.
  4. Capitalization now occurs by instructing the self-directed custodian to invest the self-directed IRA in the newly formed LLC. This is a process that is similar to buying stock, i.e. the self-directed IRA buys all the “shares” of the LLC. The self-directed IRA now owns the LLC.
  5. The custodian sends a capitalization check to the account holder. The account holder can now open a checking account at the bank of their choosing in the name of their LLC.
  6. And now… start investing!

How easy is it to set up the Ultimate Self-Directed IRA?

The Broad process for establishing a self-directed IRA has been crafted with only one consideration: you. As a company whose defining hallmark is industry leading customer service, we’ve worked hard to make sure that your experience is smooth and hassle-free. Our team of accountants, self-directed specialists, and attorneys is dedicated to giving you a complete package. We’ll hold your hand the entire way, and we’re always available for any questions you may have.

More Info: or contact

Thursday, September 27, 2012

Don't make these mistakes when buying or starting a business!

I have invested, owned, developed, bought and sold many businesses.  I am currently acquiring a litany of operations and real estate holdings.  I found these to be mistakes that can get you into trouble quickly in business.

Mistake #1 – Paying too much
This results from the combination of all the other mistakes. Many new business owners set themselves up for failure by paying too much, which results in higher loan payments, lower operating funds, and reduced borrowing capacity.
Mistake #2 – Letting your emotions rule
If you have always dreamed of owning a business, it is very easy to get caught up in the strong emotions invoked by seeing those dreams coming true. To counteract your emotions, take your time, do your homework, and enlist the help of objective advisors.
Mistake #3 – Paying for potential
You should only pay for the business as it stands at the date of purchase, not what it could be in the future. You will have to spend time, effort, and money to develop its potential. The seller chose not to invest in these things, so he does not deserve to be paid for them.
Mistake #4 – Not evaluating yourself
Do you have what it takes to run this business? Try to match your strengths to the important duties you will be required to perform. Running a small business requires the owner to do many things. No one can be good at them all, so make provisions for those areas in which you are the weakest. Some tasks like payroll and bookkeeping can easily be contracted to outside vendors. Possibly your spouse, other family member, or a partner could do things that you cannot or do not want to do.
Mistake # 5 – Not building a team of experts
At a bare minimum, you should enlist the aid of an attorney and a CPA. The attorney can prepare and review documents, help structure the deal, and make you aware of legal and liability issues. The CPA can provide a financial analysis of the business, and advise you about tax and accounting matters. You should also consider adding a business valuation professional to your team. His valuation report can be used to determine the reasonableness of the asking price, negotiate a lower price, and provide valuable information about the business, the industry, competition, and economic conditions.
Mistake #6 – Not verifying information
You should verify all important information about the business. Your CPA can check financial information like receivables, payables, and inventory. Your attorney can review loan documents, leases, and contracts. Your business valuation professional can analyze the competition, the industry, and the economic conditions. Use independent appraisers to value real estate and equipment. Get a credit report on the business through your CPA or banker. You can do some of the investigating yourself to save money, but do not cut too many corners – it may cost you in the long run.
Mistake #7 – Changing too much, too fast
Once you own the business, you will be tempted to start making wholesale changes from day one. You risk alienating long-time employees and customers. Unless the business is in bad financial condition and needs immediate action, its better to take some time to get to know the business, your employees, and your customers before making changes. This is a perfect time to solicit suggestions from employees and customers.
Mistake #8 – Buying a business because you like to do what the business does
One reason restaurants have a high failure rate is people buy or start them because they like to cook. Very few restaurant owners spend time cooking. Their time is spent managing staff, ordering supplies, doing paperwork, and handling daily crises. A small business owner must wear many hats – including that of manager.
Buying a business is a complicated, emotional process. By avoiding these costly mistakes, you can prevent turning your dream into a nightmare.
Courtesy of GlobalBx, October 14, 2009

Tuesday, August 7, 2012

Tax avoidance is not illegal, but just smart business

The IRS is hiring over 100,000 new personnel to address tax evasion, non payment of payroll liability and for the performance of audits.  The momentun is shifting away from corporations.   I service a diverse niche of individuals as well as small to medium size businesses which include; medical facilities, manufactorers, retail operations and federal contractors.  What I tend to notice is that many of my clients have kids in college that are in undergraduate and post graduate programs.  In most cases the parents are paying the tuition of about $25,000 which have a limit on the deductions at about $4,000. I am seeing a trend of clients coming from other accountants and tax attorneys that have paid tax liabilities at average of $35K per year.  Additionally, I am seeing retirees withdrawing cash from there IRA's only to realize that they have had a partner (IRS) and have deferred paying taxes into a period of higher taxes.

All of this is resulting from not receiving any advise from their accountants or attorneys.  The right advice would have assisted these taxpayers in avoiding the liabilities that are saddling them with high tax liabilities, levies and payment plans.  Tax avoidance is not illegal, but tax evasion is illegal and celebrities are target practice right now.  If you don't pay the IRS any money and you are W2'd that does not mean that you avoided paying taxes.  The amount that was withheld paid taxes and that means that you are still in the liability section.  Guess what?  In the future the rate of taxation will be higher. 

There is something that you can do about it.  If you are not an entrepreneur and you work 9 to 5 and you are an emptynester start a business today.  If you or in a 401K and close to retirement you are going to have a partner and you will be taxed upon disbursement.  So how do you get the money paid in to the IRS back in the form of a refund?   Make the right investment and get a sizable refund otherwise you could lose about 40% of your disbursement forever.  Seek professional assistance to avoid paying tax liabilities that I consider avoidable. 

Those of you that have businesses that are not structured to provide you with maximum tax benefits find how what changes need to be made to avoid paying taxes.  Tax Avoidance vs. Tax Deferral a no-brainer right now...taxes are increases so avoidance is much safer.  Documentation is key and 3rd party documentation is certainly safe when it comes to large expenses that will be used as a write off. 

IRS Audits are not always avoidable, but it is all about maintaining good verifiable records.  Nothing to fear as long as you plan within the rules and document the activity. Existing businesses should always expand rather then pay tax liability.  All those that have tax accountants and attorney's that are advising them to defer tax liability fire them or ask them to cut the check for the payment of the future liability.  Get savvy attorney's, consultants and accountants in your business now.  They are less expensive then the interest and penalties you will pay if you don't avoid taxation.  For more information or if you have questions email us at or . 

Hud Rolls Out New Public Service Advertising for the $25 Billion Settlement with Mortgage Services

The first high visibility public service announcement campaign rolled out on Thursday.
 Who is eligible?
 * Borrowers who are current on their mortgage payments but “under water” — their homes are worth less than they owe.
  * Some 750,000 homeowners who lost their homes to foreclosure between Jan. 1, 2008, and Dec. 31, 2011
* Homeowners who need loan modifications, including principal reduction.
Homeowners in Oklahoma, the only state not to join in the settlement, will not qualify for the assistance.
Loans owned by Fannie Mae or Freddie Mac are not impacted by this settlement. For more information visit
Don't wait for the bank to contact you regarding these funds!
Have your documents checked today for Robo-Signing and be proactive in procuring these benefits for your clients.  If you need more assistance comment here or email us your questions or we are more then happy to assist you.

Tuesday, July 31, 2012

Wells Fargo settles over its sub-prime racism

Wells Fargo agrees to pay $175M settlement in pricing discrimination suit
Settlement calls for payments of $7.5 million to city of Baltimore, $2.5 million directly to 1,000 area residents
About 1,000 Baltimore-area residents are expected to receive thousands of dollars each under a landmark $175 million settlement between the U.S. Department of Justice and Wells Fargo over accusations of discriminatory lending practices.
Under the terms of the deal announced Thursday, Wells Fargo also will provide $7.5 million to the city of Baltimore, which federal officials credited with first raising issues of discrimination related to bank's subprime mortgages.
The city alleged Wells Fargo steered minorities into subprime loans, gave them less favorable rates than white borrowers and foreclosed on hundreds of Baltimore homes, creating blight and higher public safety costs. Wells Fargo is the largest residential home mortgage originator in the United States.
"Baltimore got the ball rolling," said Assistant Attorney General Thomas E. Perez, who heads the Department of Justice's civil rights division. "The federal government heard you and the federal government followed up."
The deal is the second largest fair-lending settlement in the department's history, said Perez, a former Maryland labor secretary.
The settlement provides $125 million in payments to borrowers, including an estimated $2.5 million in the Baltimore area. Minority borrowers who were steered into subprime mortgages will receive an average payment of $15,000 each, Perez said. Blacks and Hispanics who paid higher fees and rates than white borrowers because of their race or national origin will receive smaller payments that will be determined based on what they were charged.
As part of the agreement, Wells Fargo will pay for an independent administrator to find and compensate more than 30,000 residents nationwide affected by the bank's lending practices.
To address concerns about blight, Wells Fargo also will provide $50 million in direct down-payment assistance to borrowers in Baltimore and seven other communities nationwide that were hit hard by the housing crisis and where federal officials identified large numbers of discrimination victims.
"This practice caused harm to families, neighborhoods and the city's tax base," Mayor Stephanie Rawlings-Blake said. "The agreement puts to rest our legal challenges and allows us to move forward collaboratively and work on growing the city."
Mike Heid, president of Wells Fargo Home Mortgage, said in a statement that his company was "settling this matter ... to avoid a long and costly legal fight, and to instead devote our resources to continuing to contribute to the country's housing recovery."
The bank said it stopped making subprime loans through independent mortgage brokers in 2007 and stopped all subprime home lending in 2008.
Even though the bank agreed to settle the suit, Wells Fargo spokesman Oscar Suris said it still rejects claims that it engaged in discriminatory practices. "The value in settling to us is to get this behind us," he said.
Wells Fargo brought in more than $80 billion in revenue last year and nearly $16 billion in profit.
The Justice Department's lawsuit alleged the bank discriminated against African-American and Latino borrowers between 2004 and 2009. The federal government said that black and Hispanic residents were more likely to be placed in a subprime loan than their white counterparts even if they qualified for a better loan.
"That's called discrimination with a smile," Perez said.
At a news conference at City Hall, he told a story about an "80-year-old African-American resident of the Baltimore area with a 714 credit score and a rock-solid credit file who received a subprime loan instead of a prime loan, and who was not told that she may have qualified for a prime loan with better terms."
"By the time she realized she had an adjustable-rate mortgage, and not the fixed rate she thought, it was too late," Perez said. "The damage was done."
U.S. Sen. Ben Cardin and Rep. Elijah E. Cummings released statements hailing the settlement.
Wells Fargo said it agreed to pay $4.5 million to Baltimore for down-payment assistance, and will grant the city $3 million in additional funds for foreclosure-related initiatives.
Wells Fargo also set a five-year goal of lending $425 million for mortgages in Baltimore, an amount city officials called an increase over current lending levels. This commitment includes $125 million in loans for low- and moderate-income residents.
City Solicitor George Nilson said Baltimore will receive the $3 million payment next month, but officials have not yet determined how to use it. Officials said the $4.5 million will be administered by a not-yet-selected nonprofit. They said the program will be launched in late 2012 or 2013.
"This will greatly assist those looking to buy a home," Rawlings-Blake said.
The settlement covers borrowers who obtained mortgages through brokers, rather than directly from the bank. Wells Fargo agreed to conduct an internal review of its retail lending and compensate African-American and Hispanic borrowers who were placed into subprime loans when similarly qualified white borrowers received prime loans, which offer better rates.
Payments to any retail borrowers identified in the review process will be in addition to the $125 million to compensate borrowers who were victims of discrimination, the federal government said.
Perez, a former Montgomery County councilman, said he believed some Baltimore residents would qualify for payments under this review as well.
Baltimore first filed suit against the bank in 2008 but was forced to refile three times after Wells Fargo won a series of court victories. The fourth version of the city's lawsuit was filed in 2010 and identified more than 250 properties as blighted houses that fell into disrepair because of unnecessary foreclosures that resulted from dishonest loans. At the time, Nilson said the value of damages sought by the city would approach $20 million.
Under the terms of the deal, Baltimore's suit against Wells Fargo will be dismissed.
Perez said the settlement of the federal suit, which also includes payouts to Washington, Chicago, Philadelphia, San Francisco, New York, Cleveland and Riverside, Calif. —all hit hard by the foreclosure crisis — recognizes that foreclosures hurt communities as well as individuals.
"It all started here in Baltimore City," Perez said. "The lawsuit filed by Baltimore City in 2008 was the catalytic force, plain and simple. When you filed this lawsuit to call attention to the devastating consequences of this crisis, you got the attention of the federal government and you got the attention of the nation." 
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Professional Compensation Series

Ref: 911118
Buyer: Department of the Treasury, Georgia
Solicitation: T2T23X7GL02
Title: Professional Compensation Series
Category: 611 - Educational Services
Ends: Aug 07, 2012
Buyer: Department of the Treasury, Georgia, USA
Location: Georgia, USA
Contact: Brian J Leo, Phone 4043389224, Fax 4043389233, Email
2888 Woodcock Boulevard, Suite 300, (Stop 80-N) Atlanta GA 30341

The Internal Revenue Service (IRS) intends to award a sole source contract under the authority of FAR 13.106-1 (b) (1) to the Economic Research Institute Redmond, WA. This is a renewal for the Professional Assessor Series subscription which includes a Salary Assessor, Geographic Assessor, Relocation Assessor, Non-Profit Comparables Assessor, Executive Compensatioon Assessor and an Occupational Assessor. The anticipated date of award is July 31,2012

This NOTICE is not a Request for Quote (RFP) and no soliciation will be publicized. However, if you have tha capability to fulfill this requirement; you may submit such capabilities in writing to the IRS Point of Contact.
Writen responses to this NOTICE must be provided to this office no later than July 26,2012 by 12:00PM .

Investor Money for 2 Year Old Businesses

Money is available for existing businesses.  The targeted businesses have had a difficult time capitalizing over the years in my opinion.  One of the requirements is that the business must have filed taxes for 2 years and that would be 1120's, 1120S, or Schedule C's (in the case of LLC's).  The businesses must be structured as a corporation, s-1 corp, or llc.  The lowest loan amounts would be $50K and the limit would be $500K.  This would work for beauty salons, restaurants, medical clinics, chiropractic clinics, apparel stores, convenience stores (no gas pumps), women's boutiques, other retail operations, and commercial operations (group homes, etc.).  

The requirements are easy, but stiff; in example if you do not have 6 months bank statements with a monthly average of $5,000 or 15 deposits per month then you may find difficulty qualifying.  The credit score requirement for the guarantor is between 580 to 720, but I am sure that exceptions will be made pending the other criteria.  The use of an interim principal would be ideal to acquire the line.

The payback is daily, therefore the deposit average is a good gauge to determine ability to repay.  Now if you are getting money just to have it and you really don't have transactions lined up or expansion activity with high returns then you should look elsewhere for capital.  However, you can use this capital to pay off tax liens. 

Many small and medium sized businesses are under capitalized and have needed a breath of fresh air relative to cash reserves for years to hire employees and lower the cost of using contractors or working your own business.  This would be of superior benefit to goverment contractors that need to turn the corner and lower there cost of human resource and plan for lower taxation in the forthcoming years. 

Tax credits will be small businesses saving grace if you choose to utilize this vehicle and expanding your business could offset profits that would otherwise be taxable causing you to pay precious expansion money to Uncle Sam.  In the event that you need further assistance leave a comment or contact our organization at Global Enterprises Trust at or email funding request to .