July / August
Showing 209–224 of 616 results
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Tax Tips – Charitable deductions: Review written acknowledgments carefully
July / August 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 461
Abstract: These brief tips explain why it’s important to obtain a contemporaneous written acknowledgment when substantiating a charitable deduction; detail a court case involving the mortgage interest deduction; and cover why a cash balance plan may be the answer for business owners who have fallen behind on retirement plan contributions.
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Independent contractor vs. employee – Worker classification matters
July / August 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 596
Abstract: Many employers mistakenly believe that the misclassification of employees as independent contractors doesn’t really matter, so long as contractors satisfy all of their tax obligations. This couldn’t be further from the truth. This article explains the stakes involved when employers classify workers as employees or independent contractors.
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Does a Roth IRA fit into your retirement plan?
July / August 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 562
Abstract: A Roth IRA can offer both income and estate tax benefits. However, it’s important to weigh the benefits of each IRA type. This article explains the differences between a Roth and a traditional IRA and details additional Roth benefits.
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You can’t take it with you – Making the most of tax carryovers
July / August 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 883
Abstract: For many tax losses, deductions and credits, there are limits on how much a person can claim in a given year. Often, unused tax attributes — including passive activity losses, capital losses, charitable deductions and net operating losses — can be carried forward to future tax years. But what happens to these carryovers when someone dies? In some cases, they can be used on the deceased’s final income tax return. Otherwise, they’re lost forever. This article examines the tax treatment of certain carryovers and details the planning opportunities available. A sidebar addresses how to determine the spouse to which carryovers are attributable.
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Are you ready for inclusionary zoning?
July / August 2017
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 498
Abstract: In 2016, the U.S. Supreme Court declined to review a California case challenging inclusionary zoning, thereby opening the door for more municipalities to adopt such restrictions. This article reviews what inclusionary zoning is and how real estate investors and developers can balance their financial goals with the needs of the communities they serve.
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Lack of profit objective dooms deductions for real estate activities
July / August 2017
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 583
Abstract: Some people are drawn into the real estate game largely for the potential tax benefits — such as leveraging any real estate losses into deductions for business expenses. There’s a catch, though: If the IRS finds a lack of profit motive, the IRS will limit and perhaps disallow the deductions altogether. This article summarizes the case of one taxpayer who recently learned this the hard way. Long v. Comm’r, T.C. Summ. Opin. 2016-88, Dec. 20, 2016 (Tax Ct.)
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Finding the right QI for your Section 1031 exchange
July / August 2017
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 591
Abstract: When participating in an Internal Revenue Code (IRC) Section 1031 exchange, choosing the right qualified intermediary (QI) can make or break the deal. This article explains how a QI works and what to look for in one when performing due diligence.
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IRS targets syndicated conservation easements
July / August 2017
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 868
Abstract: The IRS has issued a notice warning taxpayers that it considers certain syndicated conservation easement transactions that offer investors significant charitable deductions to be “tax avoidance transactions,” otherwise known as unlawful tax shelters. Taxpayers involved in such a transaction — or a “substantially similar” transaction — may be at risk for an audit, the denial of charitable deductions and the imposition of substantial underpayment penalties. This article summarizes IRS Notice 2017-10. RP Golf, LLC v. Comm’r, No. 2016-80, April 28, 2016 (Tax Ct.)
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Role of DAFs and PIFs in a charitable giving plan
July / August 2017
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 429
Abstract: Donor advised and pooled income funds are becoming popular with individuals who want to support charities in a tax-efficient manner. This article explains that these vehicles offer the benefits of private foundations and charitable remainder trusts at a reduced cost.
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How disability insurance protects your finances from the unexpected
July / August 2017
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 620
Abstract: Even when an employer provides long-term disability insurance, the amount of that coverage may not meet employees’ living costs. This article stresses the importance of having adequate coverage, which may necessitate buying an individual policy. It covers the associated costs and potential benefits.
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3 classic investment strategies are always in style
July / August 2017
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 819
Abstract: Several simple investing ideas have stood the test of time: adopting a margin of safety, investing in what you know and holding great companies for the long term. This article explains the strategies, highlights their advantages and points out possible risks. A sidebar argues that anxiety, excitement and fear shouldn’t guide investment decisions.
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High-income earners can benefit from Roth IRAs
July / August 2017
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 643
Abstract: Income restrictions typically limit the ability of high-income earners to contribute to Roth IRAs. But as this article examines, several strategies make it possible to get around such restrictions. These include participation in an employer-sponsored 401(k) or other qualified retirement plan that permits Roth contributions and use of a “backdoor” Roth IRA.
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Estate Planning Red Flag – You haven’t made your burial wishes clear
July / August 2017
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 235
Abstract: It may be difficult to think about, but funeral arrangements are a critical component of an estate plan. Failure to clearly communicate one’s wishes regarding the disposition of his or her remains can lead to tension, disputes and even litigation among family members during what is already a difficult time. This brief article explains specifically what should be communicated to loved ones.
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Inheriting property? Be aware of the basis consistency rules
July / August 2017
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 641
Abstract: Legislation enacted in 2015 can have a significant impact on many estates as well as on beneficiaries who inherit property from those estates. It provides that the income tax basis of property received from a deceased person cannot exceed the property’s fair market value as finally determined for estate tax purposes. This article details the basis consistency rules.
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Zeros and ones … Account for digital assets in your estate plan
July / August 2017
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 698
Abstract: Personal assets, such as online bank and brokerage accounts, and business assets, such as a company’s website, domain name, client databases and electronic invoices, all fall under the umbrella of digital assets. If a person dies without addressing these assets in his or her estate plan, loved ones or other representatives may not be able to access them without going to court — or, worse yet, may not even know they exist. This article explains how to properly address digital assets in an estate plan.
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Uncertainty reigns – Estate tax repeal now a real possibility
July / August 2017
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 948
Abstract: Both President Trump and the Republican majority in Congress support elimination of “death” taxes, so there’s a good chance a bill to repeal the estate and generation-skipping transfer (GST) taxes will appear on the legislative agenda soon. But how will a repeal affect estate planning? This article discusses reasons why estate planning will remain essential and why dynasty trusts may begin to play a bigger role in planning strategies. A sidebar explains the pitfalls of using a formula clause.