Deferred Sales Trust – A Tax Plan Or A Product ? A Bit Of Both
There is a veritable army of financial services providers offering DST as an option and explaining why it is such a good thing. They are members of the Estate Planning Team, which developed and implements DST.
If you are interested in joining the team, you can go to Why Join The Estate Planning Team? There are powerpoints with audio explaining the benefits to professionals of various sorts. Here is the one for CPAs and tax professionals. (Uses Flash)
Besides all the great referral business a CPA can get out of DST there is also the allure of a piece of the set-up fee on each transaction and a piece of the money management fee that is part of the whole package.
Want To Know What A Machinegun Is? Look It Up In Internal Revenue Code
The term “machinegun” means any weapon which shoots, is designed to shoot, or can be readily restored to shoot, automatically more than one shot, without manual reloading, by a single function of the trigger. The term shall also include the frame or receiver of any such weapon, any part designed and intended solely and exclusively, or combination of parts designed and intended, for use in converting a weapon into a machinegun, and any combination of parts from which a machinegun can be assembled if such parts are in the possession or under the control of a person.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.