May / June
Showing 609–621 of 621 results
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Generate, authenticate, substantiate – Winning the change order game
May / June 2008
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 663
Abstract: It’s a rare, if nonexistent, construction project that goes exactly as planned. That’s why savvy contractors know how to play the change order game. This article reveals the keys to victory — in short, contractors have got to generate, authenticate and substantiate. (Updated 4/20/12)
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Recent NLRB rulings settle long-standing litigation
May / June 2008
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 552
Abstract: Some recent National Labor Relations Board (NLRB) rulings settle long-standing litigation. The decisions came about by close margins — many were decided by 3-2 votes and, for the most part, they favor open-shop contractors. This article provides summaries of the rulings in question.
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When it comes to diversifying, look before you leap!
May / June 2008
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 524
Abstract: Despite trimming all visible fat from their operations and improving efficiency as much as possible, many contractors just can’t get their bottom lines to where they want them to be. To cope, some consider diversifying into a new market or service. This article explains that diversification can be either a lifesaver or a letdown, depending on the approach taken. (Updated 3/23/12)
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4 reasons to engage in some midyear tax planning
May / June 2008
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 955
Abstract: Although contractors tend to have plenty on their respective plates at any given moment, they shouldn’t let that fact keep them from engaging in some midyear tax planning. For starters, they’ll be making their lives easier come year end when they’ll really need to start thinking about taxes. But there are other reasons as well. This article offers four of them, including saving on equipment acquisitions and grabbing the still-available energy tax credit.
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Tax Tips
May / June 2008
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 533
Abstract: News items briefly discussed are depreciation, estate planning for noncitizens, disability insurance and charitable gift deduction requirements.
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Private foundations – Retain control over your donated funds — for a price
May / June 2008
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 919
Abstract: It used to be that the cost of setting up and operating a private foundation was justified only if you planned to contribute several million dollars. But that cost has dropped dramatically over the years, so this strategy may be worth a look for donors making initial contributions as low as $250,000. Of course, whether a private foundation is right for you depends on your circumstances. This article explores reasons to set up a private foundation and potential pitfalls.
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Are your compensation arrangements in compliance?
May / June 2008
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 858
Abstract: Late last year, the IRS gave businesses a reprieve until Jan. 1, 2009, to bring nonqualified deferred compensation arrangements and documents into compliance. The extension is welcome news for many companies that were wrestling with complex final regulations under Internal Revenue Code Section 409A. But that doesn’t mean you don’t have to comply with the regulations yet, because “good-faith” compliance with Sec. 409A itself and IRS guidelines has been required since 2005. Of course, the best way to demonstrate good faith is to continue your compliance efforts. This article looks at Sec. 409A requirements, including how they affect stock options.
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Vacation homes provide tax planning opportunities, pitfalls
May / June 2008
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 1159
Abstract: If you own a vacation home, it pays to consider the tax implications, especially if you plan to use the home for both personal enjoyment and rental income. In some cases, minor adjustments in the way you use the home can reduce your tax bill. This article reviews the differences between residence and rental classification of a vacation home, and the tax implications.
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Valuators in the field
May / June 2008
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 397
Abstract: Site visits are an important part of the valuation process. Not only do they enhance a valuator’s understanding of business operations, but they also provide an opportunity to conduct face-to-face management interviews. This brief article lists what valuators look for during site visits, including asset and facility condition and whether there are any capacity issues.
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Appraising appraisals — How to read a valuation report
May / June 2008
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 551
Abstract: To understand an appraisal opinion, readers must wade through unfamiliar financial jargon, subjective assumptions and pages of complex mathematical computations. And comparing two widely divergent analyses to ascertain which opinion is more reliable is even more challenging. This article highlights some key elements that should appear in a comprehensive, reliable valuation report.
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Taxpayer victory in the battle over built-in capital gains tax
May / June 2008
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 1072
Abstract: Built-in capital gains tax is an economic reality for C corporations. Recent Tax Court rulings have forced the IRS to concede that hypothetical investors consider imbedded tax liabilities when buying and selling C corporations. This article discusses a recent case, Estate of Jelke v. Commissioner, which provides an example of the ongoing debate as to whether valuators should apply dollar-for-dollar or discounted reductions for built-in capital gains tax liabilities. Citations: Estate of Jelke v. Commissioner, U.S. Court of Appeals for the 11th Circuit, No. 05-15549, Nov. 15, 2007. Estate of Davis v. Commissioner, 110 T.C. 530, 1998. Estate of Eisenberg v. Commissioner, 155 F.3d. 50, 57, 2d. Cir., 1998. Estate of Jameson v. Commissioner, 267 F.3d. 50, 57, 2d Cir., 1998. Estate of Dunn, 301 F.3d. 339, 5th Cir., 2002.
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FIN 46 may affect valuations of partnership interests
May / June 2008
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 575
Abstract: Several years ago, the Financial Accounting Standards Board released Interpretation No. 46 (FIN 46), Consolidation of Variable Interest Entities. This interpretation requires the consolidation of business enterprises with certain related entities on their financial statements. This article talks about the implications of FIN 46 when valuing partnership interests for litigation purposes, including consolidating a variable interest entity.
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Federal court denies IRS access to taxpayer’s work product
May / June 2008
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 1112
Abstract: A recent federal court decision lends support to taxpayers’ efforts to protect their tax accrual workpapers from disclosure to the IRS. The ruling in U.S. v. Textron Inc. (D.R.I. 2007) could prove critical in light of a relatively new accounting standard, FIN 48, which requires corporate taxpayers to document their uncertain tax positions and make related public disclosures. But because the years at issue in Textron occurred before the standard’s effective date, it remains unclear whether required public filing disclosures required will waive work product privilege.