--- title: Articles | Tax Planning description: Tax Planning | Richard Colombik. Richard M. Colombik & Associates, P.C. is a law firm concentrating in Strategic Tax Planning, Asset Protection, Business Entity 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 #### [CAPTIVE INSURANCE COMPANIES inc publication](https://www.richardcolombik.com/articles/captive-insurance-companies-inc-publication) ![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 4, 2022 12:46:18 PM Captive insurance companies have been growing by leaps and bounds. A captive is an insurance company that insures the risks of its parent company. It... [Tax Planning](https://www.richardcolombik.com/articles/tag/tax-planning) [Read More](https://www.richardcolombik.com/articles/captive-insurance-companies-inc-publication) #### [Government Will Help You Buy Exotic Cars](https://www.richardcolombik.com/articles/government-will-help-you-buy-exotic-cars) ![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 4, 2022 12:45:31 PM Or am I really limited to writing off only $2,960 in the first year? That is right, if you follow the advice and directions in this article the... [Tax Planning](https://www.richardcolombik.com/articles/tag/tax-planning) [Read More](https://www.richardcolombik.com/articles/government-will-help-you-buy-exotic-cars) #### [Loan Or Dividend?](https://www.richardcolombik.com/articles/by-richard-m.-colombik-jd-cpa) ![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 4, 2022 12:44:30 PM An important distinction to the owner of a C corporation, but not essential to a flow through entity, S corporation, Limited Liability, or... [Tax Planning](https://www.richardcolombik.com/articles/tag/tax-planning) [Read More](https://www.richardcolombik.com/articles/by-richard-m.-colombik-jd-cpa) #### [New Tax Breaks For Businesses 2009](https://www.richardcolombik.com/articles/new-tax-breaks-for-businesses-2009) ![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 4, 2022 12:43:08 PM As the economy teeters on the brink of collapse, our elected officials have tried to provide some provisions to benefit businesses. Not many, but at... [Tax Planning](https://www.richardcolombik.com/articles/tag/tax-planning) [Read More](https://www.richardcolombik.com/articles/new-tax-breaks-for-businesses-2009) #### [Personal Injury Lawyers Get Tax Break](https://www.richardcolombik.com/articles/personal-injury-lawyers-get-tax-break) ![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 4, 2022 12:42:08 PM In**James F. Boccardo vs. Commissioner,**56 F.3d 1016 (9th. Cir. 1995) the 9th Circuit Court of Appeals modified well established case law and... [Tax Planning](https://www.richardcolombik.com/articles/tag/tax-planning) [Read More](https://www.richardcolombik.com/articles/personal-injury-lawyers-get-tax-break) 3 min read #### [Sale of Residence Exclusion](https://www.richardcolombik.com/articles/sale-of-residence-exclusion) ![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 4, 2022 11:40:43 AM A home is many times the largest asset that one owns. The rules for excluding the gain from the sale of a taxpayer's residence were... [Tax Planning](https://www.richardcolombik.com/articles/tag/tax-planning) [Read More](https://www.richardcolombik.com/articles/sale-of-residence-exclusion) #### [Tax Updates-Yachting Can Mean Big Tax Deductions](https://www.richardcolombik.com/articles/tax-updates-yachting-can-mean-big-tax-deductions) ![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 4, 2022 11:39:53 AM Most people are aware that the IRS takes a strict interpretation into nine deductions from potential hobby activities that arguably could be called... [Tax Planning](https://www.richardcolombik.com/articles/tag/tax-planning) [Read More](https://www.richardcolombik.com/articles/tax-updates-yachting-can-mean-big-tax-deductions) #### [The Last Tax Shelter](https://www.richardcolombik.com/articles/the-last-tax-shelter) ![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 4, 2022 11:39:13 AM Tax shelters have been a bad word since legislation was designed to eliminate what was considered abusive. From the sweeping language of the Tax... [Tax Planning](https://www.richardcolombik.com/articles/tag/tax-planning) [Read More](https://www.richardcolombik.com/articles/the-last-tax-shelter) #### [What Business Entity Makes Sense For Your Firm](https://www.richardcolombik.com/articles/what-business-entity-makes-sense-for-your-firm) ![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 4, 2022 11:38:24 AM #### A.  Introduction [Tax Planning](https://www.richardcolombik.com/articles/tag/tax-planning) [Read More](https://www.richardcolombik.com/articles/what-business-entity-makes-sense-for-your-firm) #### [Savvy Investor Column-Fall 2002](https://www.richardcolombik.com/articles/savvy-investor-column-fall-2002) ![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 4, 2022 11:36:13 AM Stocks are up. Stocks are down. US Airways seeks bankruptcy. United Airlines considers bankruptcy. American Airlines set to downsize. [Tax Planning](https://www.richardcolombik.com/articles/tag/tax-planning) [Read More](https://www.richardcolombik.com/articles/savvy-investor-column-fall-2002) [1](https://www.richardcolombik.com/articles/tag/tax-planning/page/1) [2](https://www.richardcolombik.com/articles/tag/tax-planning/page/2) [3](https://www.richardcolombik.com/articles/tag/tax-planning/page/3) [Next](https://www.richardcolombik.com/articles/tag/tax-planning/page/2) ##### Contact Information **Richard M. Colombik & Associates, P.C.** Award-winning law firm   1701 E. Woodfield Rd. 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