Year End
Showing 97–112 of 465 results
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7 deadly estate planning sins
Year End 2019
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 736
Abstract: According to literature, the “seven deadly sins” are lust, gluttony, greed, laziness, wrath, envy and pride. Although individuals may be guilty of these from time to time, other types of “sins” can be fatal to an estate plan if one isn’t careful. This article details seven transgressions to avoid.
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IDGT: This trust is supposed to “fail”
Year End 2019
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 773
Abstract: Trusts come in all shapes and sizes. However, from an income tax perspective, there are basically two types: grantor trusts and nongrantor trusts. An intentionally defective grantor trust (IDGT) has the best attributes of both trust types. This article explains how an IDGT works. A sidebar discusses the ins and outs of selling assets to an IDGT.
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Don’t let your tax obligations for statutory employees fall through the cracks
Year End 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 428
Abstract: Many businesses work with outside contractors. Statutory employees are in a category that falls somewhere between employee and independent contractor. Whether workers are considered statutory employees can have a significant impact on certain tax obligations. This article explains the criteria the IRS uses to classify employees as statutory and discusses the potential tax impact for employers.
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Feast or famine: Protecting a windfall
Year End 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 551
Abstract: Receiving an inheritance, a legal settlement or prize winnings may seem wonderful, but it can also raise new problems. It’s important for recipients to use smart strategies that will help ensure the money continues to grow over the long term. This article offers some guidelines and advice for recipients that will help them avoid potential traps and pitfalls. It suggests that it’s a good idea to determine the tax obligations on the amount received, pay off any debt and increase savings before spending the money. The article points out that, with care, thought and planning, a windfall can help provide financial security.
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Remote control – State sales tax guidelines for remote sellers
Year End 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 612
Abstract: As Internet commerce increases, the number of states imposing sales and use tax on remote sellers continues to grow. The actions of many states are a response to the June 2018 U.S. Supreme Court decision in South Dakota v. Wayfair, ruling that states may collect sales or use taxes from businesses that lack a physical presence within the state. This article notes that businesses should be aware of these changing state and local tax laws, taking a look at some of the pertinent issues — including determining nexus and the importance of monitoring and compliance.
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Don’t wait! Take these last-minute steps now to reduce your 2019 tax bill
Year End 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 974
Abstract: As the year draws to a close, there’s still time for individuals to effectively reduce their tax bills. This article offers some useful strategies for year-end tax planning. It also suggests several steps individuals can take, including grouping deductible expenses together and making contributions to employer-sponsored retirement plans, that can help reduce their tax bill. A sidebar explains that it’s important for employees who have Flexible Spending Accounts (FSAs) to keep tabs on their FSA balances at the end of the year so as to avoid forfeiting money.
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News for Nonprofits – Chatbots can help you do more for less
Year End 2018
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 441
Abstract: This issue’s “News for Nonprofits” focuses on chatbots that can help nonprofits get more done, charity athletic events that are facing financial obstacles, a new feature in Amazon’s popular virtual voice assistant, and an expansion of Facebook’s Workplace chat and communication platform.
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Shooting for consistency – New rules clarify accounting for grants and contributions
Year End 2018
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 767
Abstract: When the FASB released new rules for revenue recognition in 2014, contributions were specifically excluded. Now the FASB is offering further guidance in its ASU No. 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made. This article explores the issues that prompted the new rules, the definition of a “contribution” and what makes a contribution conditional. A sidebar explains how the new FASB guidance on grants and contributions also modifies the “simultaneous release” option included in GAAP.
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Volunteer retention – Keep old friends
Year End 2018
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 617
Abstract: Training a new volunteer is time-consuming and costly. And that’s only one reason why not-for-profit organizations want to hold on to their volunteers once they’ve come aboard. This article briefly details the real value of volunteers, and discusses training them and rewarding their accomplishments. It also spotlights some of the best ways to retain volunteers, such as by acknowledging their interests and using their talents.
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Is a merger right for you?
Year End 2018
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 715
Abstract: In the wake of the new tax law and other developments, many nonprofits are looking for ways to solidify their financial footing — including the possibility of merging with another organization. But a merger isn’t something to be entered into lightly. This article discusses the structure of a merger and other collaborations a nonprofit may pursue, such as consolidations, parent-subsidiary arrangements and affiliations. It also highlights the due diligence process and collaboration costs.
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Estate Planning Pitfall – You’re not making direct payments of tuition and medical expenses
Year End 2018
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 282
Abstract: When it comes to gifting strategies, there are many to choose from. One such option is to make direct payments of tuition and medical expenses. This brief article provides the specifics of how this strategy works.
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Thinking long term – Don’t overlook long-term care planning
Year End 2018
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 639
Abstract: An illness that requires long-term care (LTC) can quickly deplete one’s savings and derail an estate plan. Thus, LTC planning is a critical part of estate planning. This article explains why LTC insurance is an important part of the planning process.
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Smart estate planning begins with protecting your assets
Year End 2018
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 712
Abstract: It’s one thing to earn enough to live a comfortable lifestyle. It’s yet another to develop a plan for protecting one’s assets so that there’s more for heirs after death. If one has been fortunate enough to achieve the former, there are estate planning tips to help with the latter. This article details asset protection strategies.
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Don’t be afraid of probate
Year End 2018
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 880
Abstract: Probate. The word itself is enough to strike fear into the hearts of elderly individuals and their loved ones. It conjures images of lengthy delays waiting for wealth to be transferred and bitter disputes among family members. Plus, probate is open to the public. This article explains why, with proper planning, probate can be avoided. A brief sidebar examines which assets don’t go through the probate process.
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COMPLIANCE ALERT
Year End 2018
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 188
Abstract: This feature lists a few key year-end tax reporting deadlines for December and January.
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What to do if you inadvertently blow through 415(c) limits
Year End 2018
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 411
Abstract: What happens if a plan allocates too much money to a plan participant’s 401(k) account in a given year? This article reviews recent IRS guidance about the steps for plan sponsors to take in this situation.