June
Showing 49–51 of 51 results
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S corporation profiles
June 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 539
Abstract: In certain business and tax scenarios, electing S corporation status for a business can be advantageous. In other scenarios it may not be beneficial. This article discusses some of the more common scenarios taxpayers may encounter in making their decision to elect S corporation status or use another entity structure for their business.
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Use a reverse mortgage as a cash resource
June 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 387
Abstract: When an older homeowner has significant equity in his or her residence and needs funds, but lacks the resources to make monthly payments on a conventional mortgage, a reverse mortgage might provide a solution. This article explains how a reverse mortgage works and notes who may benefit, but warns that expenses associated with a reverse mortgage are high.
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Tax-free exchanges of life insurance policies
June 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: A periodic life insurance review is essential to ensure life changes have not altered the original intent for purchasing a policy, cover new or additional requirements, address concerns about the financial soundness of the insurer, and deal with various other issues. However, replac-ing a life insurance policy can create adverse federal income tax consequences. But there’s a way to do so while ensuring that any gain or loss is not recognized currently for income tax purposes. This article explains how this “1035 exchange” works.