Welcome to Blueprint for Wealth! I created this web site to help you and your friends, family and colleagues realize your personal dreams of wealth and freedom by providing you with educational content on legal developments in the areas of estate planning, tax planning and business planning. The site contains articles, videos and podcasts of interest in each of these areas. If you need legal advice or legal assistance, please call me at 703-218-2177 or email me at firstname.lastname@example.org. See Disclaimer.
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- Wayne Zell discusses the implications of using a robo advisor to develop an investment plan Please check out this article in Financial Advisor IQ, where Wayne Zell is quoted on the challenges and opportunities facing consumers and financial advisers when using robo advisers. Read more
- New Blueprint for Wealth Podcast Interview of Private Access Founders Please join Wayne M. Zell in his latest podcast interview of Randy Domolky and Scott Schedler, Co-Founders of Private Access Network (PAN), a new accessible early stage investment alternative for accredited investors. http://www.blueprintforwealth.org/wp-content/uploads/2016/03/Pan-Podcast-3.23.2016.mp3Podcast: Play in new window | Download | Embed Read more
- Even in Death Bin Laden Funds Terrorism Osama Bin Laden sought to fund terrorism in life as well as in death. For more on the terrorist’s last will and testament, see this article on WealthManagement.com. Read more
- CBS This Morning IRS Hacking Piece In case you missed it, Wayne Zell appeared on CBS This Morning to discuss his experience as a victim of identity theft resulting from the recent hack on the IRS database. Here is a link to the video. Read more
- Are You a Victim of Identity Theft? I am. I recently learned from the IRS (via computer generated Form 5071C sent by “snail” mail) that I am the victim of identity theft. I guess I was one of the 464,000 individuals whose names and Social Security Numbers were recently stolen from the IRS’ database. What a feeling of violation and disruption! To make matters worse, this is the second time in two years my identity has been stolen and someone has attempted to file a fraudulent tax return claiming a refund (which I definitely know is not true nor due). So, I went to the secure Identity Verification Service website at irs.gov to verify my ... Read more
- New Blog Article on DOL’s New Proposed Overtime Rules Please click here to check out this recent blog post by my partner, Tim McConville, regarding recent changes to increase the salary levels at which certain executives, professionals, and administrative employees must be paid to qualify as exempt from FLSA’s minimum wage and overtime provisions. Read more
- Using LLCs and Trusts to Secure Lottery Winnings Read more
- Today’s Channel 8 Broadcast on Lotteries and LLCs Here is a recording of the live broadcast on 1/13/2016 on Good Morning Washington! on News Channel 8 discussing the use of LLCs to hold lottery winnings (in case you missed it)! Read more
- Using an LLC or Trust to Receive Lottery Winnings Today, the hottest financial topic (aside from the collapse of Chinese markets) is who will win the PowerBall drawing (latest estimates are at $1.4 billion) and what will they do with the winnings! A couple of points are worth noting before you turn in your winning ticket. First, whoever wins will not receive $1.4 billion in a lump-sum. If the winner elects to receive a lump-sum, the current estimated payout is around $868 million (based upon the present value of a stream of payments over 29 years). Then, you have to subtract federal and state income taxes. The highest federal income tax rate ... Read more
- Tax Extenders Package Includes Permanent S corporation Relief As you may know by now, on December 18, 2015, President Obama signed into law “The Protecting Americans From Tax Hikes Act”, which made permanent many expiring or expired provisions of tax law and further extended other provisions. Hidden among the provisions as a significant change affecting S corporations and their shareholders. S corporations generally pass through income, income tax liability and tax attributes to their individual shareholders. One major exception to this rule is where an S corporation was previously treated as a “C” corporation and converts to an S corporation. In that event, the S corporation may have to pay corporate tax ... Read more