Baldwin Haspel Burke & Mayer LLC

leon3@bhbmlaw.com

12 Sep 2011

Capital Construction Funds

Article last updated: October 22, 2012 This letter summarizes some of the basic rules, restrictions and penalties associated with Capital Construction Funds. The Capital Construction Fund (“CCF”) program is designed to encourage owners of U.S. flagged vessels to accumulate sufficient…


12 Sep 2011

Construction Reserve Funds

Article last updated: October 22, 2012 This letter summarizes some of the basic rules, restrictions, and penalties associated with Construction Reserve Funds.1 The Construction Reserve Fund (“CRF”) is a United States Maritime Administration program that provides tax deferral benefits to…


23 May 2011

Finance Talk: The American Jobs Creation Act of 2004

Published in WorkBoat Magazine – March 2005 The American Jobs Creation Act of 2004, signed by President Bush prior to the election, provides major tax incentives to operators of large vessels, makes other changes that affect operators of vessels in…


23 May 2011

Finance Talk: Asset Protection

Published in WorkBoat Magazine – July 2005 Part I Damages from a maritime casualty can easily exceed your liability coverage. This is especially true if you are carrying a lot of passengers who are not employees, if there is substantial…


23 May 2011

Construction Reserve Fund vs. Capital Construction Fund

Published in WorkBoat Magazine – 2006 In times like this when business is great in the Marine Transportation Industry, vessel owners are always looking for ways to limit their tax obligations. The United States Maritime Administration (“MARAD”) offers two great…


20 Apr 2011

Asset Protection Strategies

Many clients are concerned about protecting their accumulated wealth from the claims of future creditors. Asset protection planning is not based on hiding assets or as a means to defraud existing creditors, but rather on sound wealth preservation strategies. The…


15 Apr 2011

Taxwise: Federal Programs Can Reduce Vessel Owner’s Tax Bills

Published in WorkBoat Magazine – December 2006 Business is good in the marine industry. And when business is good vessel owners are always looking for ways to reduce their tax bills. A good source for this comes from the tax…


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