Tax & Business Alert
Showing 657–664 of 664 results
-
Tax planning following a job loss
March 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 211
Abstract: Taxpayers dealing with a layoff or termination frequently overlook the tax consequences of events associated with their unexpected job loss. Yet, properly handling the tax aspects of this life-changing event could prevent a negative financial impact. This article discusses the tax treatment of severance pay, job placement assistance, moving expense reimbursements and distributions from a qualified retirement plan.
-
Selecting a C corporation’s tax year
February 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 513
Abstract: Businesses that operate as C corporations have substantial flexibility when selecting a tax year. However, businesses that operate as partnerships or S corporations are restricted by law in their choice of a tax year. Once selected, a tax year generally must be maintained until the business is required or elects (with IRS permission, if necessary) to change it. This article discusses the two types of tax years and the considerations involved in choosing one.
-
Taxable or nontaxable income?
February 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 476
Abstract: Most of the income people receive is taxable, but certain types of income are only partially taxed or not taxed at all. This article lists some of the more common types of income that individuals receive and an indication of how they are treated for federal income tax purposes.
-
The Unearned Income Medicare Contribution
February 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 124
Abstract: This article briefly discusses the Unearned Income Medicare Contribution (UIMC) surtax on net investment income, to take effect in 2013.
-
Capital gains and losses
February 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 289
Abstract: Technically, almost everything owned and used for personal, pleasure or investment purposes is a capital asset. Capital assets include, but are not limited to, homes, household furnishings, stocks, bonds and mutual funds. When a capital asset is sold, the difference between the amount paid (one’s basis) and the amount it’s sold for is generally a capital gain or loss. This article offers some important facts about capital gains and losses.
-
Head of household filing status
February 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 298
Abstract: Failure to use head of household (HOH) filing status is a common tax filing mistake. HOH status is preferable to single or married filing separately status because the tax rate brackets are more favorable (except for the 35% single bracket) and the standard deduction is larger. This article lists the requirements for HOH status.
-
Receiving Social Security benefits before full retirement age
January 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 562
Abstract: A fully insured individual can start receiving Social Security retirement benefits as early as age 62. However, the full benefit will be permanently reduced for each month before the individual reaches his or her full benefit retirement age. This article offers two hypothetical examples of how this works: one discussing the difference in benefits between the two dates, and the other showing how a retired spouse’s benefits increase when his or her mate retires.
-
Operating a business as an LLC
January 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 446
Abstract: Entrepreneurs have many questions and concerns when starting a business, not the least of which is related to minimizing their legal liability. In many cases, operating a business as a limited liability company, more commonly known as an LLC, may be the best way to limit the liability for both the business and owner(s) and provide tax benefits as well. This article explains how.