--- title: Articles (5) description: Richard Colombik. Richard M. Colombik & Associates, P.C. is a law firm concentrating in Strategic Tax Planning, Asset Protection, Business Entity (5) image: https://www.richardcolombik.com/hubfs/First%20person%20perspective%20hand%20typewriting%20with%20flying%20documents%20around.jpeg --- [![RMC-logo-svg](https://www.richardcolombik.com/hubfs/RMC-logo-svg.svg)](https://www.richardcolombik.com) - [Welcome](https://www.richardcolombik.com) - [Services](https://www.richardcolombik.com/services) - [IRS](https://www.richardcolombik.com/services/irs) - [Tax Reduction Planning Services](https://www.richardcolombik.com/services/tax-reduction-planning-services) - [Business Entity Structuring and Transactions](https://www.richardcolombik.com/services/business-entity-structuring-and-transactions) - [Asset Protection](https://www.richardcolombik.com/services/asset-protection) - [Real Estate](https://www.richardcolombik.com/services/real-estate) - [Estate Planning](https://www.richardcolombik.com/services/estate-planning) - [Retirement Planning](https://www.richardcolombik.com/services/retiremen-plans) - [Company](https://www.richardcolombik.com/company) - [Insights](https://www.richardcolombik.com/articles) - [Contact](https://www.richardcolombik.com/contact) Search *Search* Search *Search* - [Welcome](https://www.richardcolombik.com) - [Services *Toggle Menu*](https://www.richardcolombik.com/services) - [IRS](https://www.richardcolombik.com/services/irs) - [Tax Reduction Planning Services](https://www.richardcolombik.com/services/tax-reduction-planning-services) - [Business Entity Structuring and Transactions](https://www.richardcolombik.com/services/business-entity-structuring-and-transactions) - [Asset Protection](https://www.richardcolombik.com/services/asset-protection) - [Real Estate](https://www.richardcolombik.com/services/real-estate) - [Estate Planning](https://www.richardcolombik.com/services/estate-planning) - [Retirement Planning](https://www.richardcolombik.com/services/retiremen-plans) - [Company](https://www.richardcolombik.com/company) - [Insights](https://www.richardcolombik.com/articles) - [Contact](https://www.richardcolombik.com/contact) [*Facebook*](https://www.facebook.com/people/Richard-M-Colombik-Associates-PC/100063841561075/) [*LinkedIn*](https://www.linkedin.com/in/richard-colombik-9717b56) [*Twitter*](https://twitter.com/rcolombik) # Latest insights #### Focused on strategic tax planning, asset protection, and complex business and estate tax planning. Filter by Tag All Tax Planning Corporate & LLC Investments Press Release Tax Defense Tax Update announcement Asset Protection Barter Charitable Estate Planning Retirement Plans #### Stay in the know #### [Tax Planning Under the New Law](https://www.richardcolombik.com/articles/tax-planning-under-the-new-law-1) ![Picture of Richard M. Colombik](https://www.richardcolombik.com/hubfs/richard_colombik.jfif) [Richard M. Colombik](https://www.richardcolombik.com/articles/author/richard-m-colombik) : May 3, 2022 1:28:09 PM Tax planning keeps twisting and turning in the wind. This is due to our government blowing in the winds of change and trying to regulate how you... [Tax Planning](https://www.richardcolombik.com/articles/tag/tax-planning) [Read More](https://www.richardcolombik.com/articles/tax-planning-under-the-new-law-1) #### [Talking to the Boss](https://www.richardcolombik.com/articles/talking-to-the-boss) ![Picture of Richard M. Colombik](https://www.richardcolombik.com/hubfs/richard_colombik.jfif) [Richard M. Colombik](https://www.richardcolombik.com/articles/author/richard-m-colombik) : May 3, 2022 1:27:34 PM Year End Tax Planning: The year is almost over, therefore, you must act before yearend to address your tax issues. What can you do? Take a look at... [Tax Planning](https://www.richardcolombik.com/articles/tag/tax-planning) [Read More](https://www.richardcolombik.com/articles/talking-to-the-boss) #### [Barter Travel Awards](https://www.richardcolombik.com/articles/barter-travel-awards) ![Picture of Richard M. Colombik](https://www.richardcolombik.com/hubfs/richard_colombik.jfif) [Richard M. Colombik](https://www.richardcolombik.com/articles/author/richard-m-colombik) : May 3, 2022 1:26:44 PM The purpose of this article is to discuss the tax treatment of barter, and its relationship to sales incentive and travel awards, in particular.... [Barter](https://www.richardcolombik.com/articles/tag/barter) [Read More](https://www.richardcolombik.com/articles/barter-travel-awards) #### [You Figure It Out!](https://www.richardcolombik.com/articles/you-figure-it-out) ![Picture of Richard M. Colombik](https://www.richardcolombik.com/hubfs/richard_colombik.jfif) [Richard M. Colombik](https://www.richardcolombik.com/articles/author/richard-m-colombik) : May 3, 2022 1:25:35 PM As I write this version of an investment report, I have just finished reviewing four economists viewpoints and, just like four experienced attorneys... [Tax Planning](https://www.richardcolombik.com/articles/tag/tax-planning) [Read More](https://www.richardcolombik.com/articles/you-figure-it-out) #### [Offshore Trusts](https://www.richardcolombik.com/articles/offshore-trusts) ![Picture of Richard M. Colombik](https://www.richardcolombik.com/hubfs/richard_colombik.jfif) [Richard M. Colombik](https://www.richardcolombik.com/articles/author/richard-m-colombik) : May 3, 2022 1:24:04 PM I. Introduction - An offshore trust is a primary legal tool involved in offshore planning. The offshore trust is generally a “self-settled trust.”... [Asset Protection](https://www.richardcolombik.com/articles/tag/asset-protection) [Read More](https://www.richardcolombik.com/articles/offshore-trusts) #### [Debt vs. Equity?](https://www.richardcolombik.com/articles/debt-vs.-equity) ![Picture of Richard M. Colombik](https://www.richardcolombik.com/hubfs/richard_colombik.jfif) [Richard M. Colombik](https://www.richardcolombik.com/articles/author/richard-m-colombik) : May 2, 2022 9:38:00 PM How is your practice set up? Is it a C corporation, or a flow through entity, S corporation, Limited Liability, or Partnership? Or are you a sole... [Investments](https://www.richardcolombik.com/articles/tag/investments) [Read More](https://www.richardcolombik.com/articles/debt-vs.-equity) #### [Tax and Trust Fund Issues](https://www.richardcolombik.com/articles/tax-and-trust-fund-issues-1) ![Picture of Richard M. Colombik](https://www.richardcolombik.com/hubfs/richard_colombik.jfif) [Richard M. Colombik](https://www.richardcolombik.com/articles/author/richard-m-colombik) : May 2, 2022 9:34:00 PM IRC §6672 reads as follows: Any person required to collect, personally account for, and pay over any taxes owed by this title who willfully fails to... [Tax Defense](https://www.richardcolombik.com/articles/tag/tax-defense) [Read More](https://www.richardcolombik.com/articles/tax-and-trust-fund-issues-1) #### [Asset Protection Trusts That Really Work](https://www.richardcolombik.com/articles/asset-protection-trusts-that-really-work) ![Picture of Richard M. Colombik](https://www.richardcolombik.com/hubfs/richard_colombik.jfif) [Richard M. Colombik](https://www.richardcolombik.com/articles/author/richard-m-colombik) : Apr 13, 2022 8:13:56 PM Many commentators have come out and advised various parties that foreign asset protection trusts really do not work. The reality is they do! A... [Read More](https://www.richardcolombik.com/articles/asset-protection-trusts-that-really-work) #### [Asset Protection Sought By Big Six Accounting Firms](https://www.richardcolombik.com/articles/asset-protection-sought-by-big-six-accounting-firms) ![Picture of Richard M. Colombik](https://www.richardcolombik.com/hubfs/richard_colombik.jfif) [Richard M. Colombik](https://www.richardcolombik.com/articles/author/richard-m-colombik) : Apr 13, 2022 7:05:21 PM Offshore Asset Protection Trusts are becoming the rage of the nineties. The setting up of an Asset Protection Trusts involves the initial structure... [Read More](https://www.richardcolombik.com/articles/asset-protection-sought-by-big-six-accounting-firms) #### [Fighting IRS audits Interview](https://www.richardcolombik.com/articles/richard-colombik-interviewed-by-a-reporter-from-sams-club-for-an-article-on-fighting-irs-audits) ![Picture of Richard M. Colombik](https://www.richardcolombik.com/hubfs/richard_colombik.jfif) [Richard M. Colombik](https://www.richardcolombik.com/articles/author/richard-m-colombik) : Apr 13, 2022 6:59:23 PM Richard M. Colombik, JD, CPA was recently interviewed for the Sam’s Club magazine on what triggers IRS audits. Mr.. Colombik a recognized... [announcement](https://www.richardcolombik.com/articles/tag/announcement) [Press Release](https://www.richardcolombik.com/articles/tag/press-release) [Read More](https://www.richardcolombik.com/articles/richard-colombik-interviewed-by-a-reporter-from-sams-club-for-an-article-on-fighting-irs-audits) [Prev](https://www.richardcolombik.com/articles/page/4) [1](https://www.richardcolombik.com/articles/page/1) [2](https://www.richardcolombik.com/articles/page/2) [3](https://www.richardcolombik.com/articles/page/3) [4](https://www.richardcolombik.com/articles/page/4) [5](https://www.richardcolombik.com/articles/page/5) ##### Contact Information **Richard M. Colombik & Associates, P.C.** Award-winning law firm   1701 E. Woodfield Rd. Suite #327, Schaumburg, IL 60173 Phone: [(630) 250-5700](tel:(630)%20250-5700) Fax: [(847)-908-8136](fax:8479088136) Email: [rcolombik@colombik.com](mailto:rcolombik@colombik.com) ##### Services - [IRS](https://www.richardcolombik.com/services/irs) - [Tax Reduction Planning Services](https://www.richardcolombik.com/services/tax-reduction-planning-services) - [Business Entity Structuring and Transactions](https://www.richardcolombik.com/services/business-entity-structuring-and-transactions) - [Asset Protection](https://www.richardcolombik.com/services/asset-protection) - [Real Estate](https://www.richardcolombik.com/services/real-estate) - [Estate Planning](https://www.richardcolombik.com/services/estate-planning) - [Retirement Planning](https://www.richardcolombik.com/services/retiremen-plans) [![RMC-logo-white-gold](https://www.richardcolombik.com/hubfs/branding/RMC-logo-white-gold.svg)](https://www.richardcolombik.com) - [Terms of Use](https://www.richardcolombik.com/terms-of-use) - [Privacy Policy](https://www.richardcolombik.com/privacy-policy) © 2026 Richard M. 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