Tax / Estate & Wealth Planning
Showing 81–96 of 2177 results
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Estimated tax payments: Who owes them and when is the next one due?
July 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 408
Abstract: Many people earn money during the year but don’t have any, or enough, federal tax withheld from the payments. Or they have taxable income from sources such as interest, dividends, self-employment income or capital gains. If that’s the case, they may need to make estimated payments, or risk triggering a penalty at tax time.
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Are scholarships taxable?
July 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 380
Abstract: If your child is awarded a scholarship for college or another type of school, it’s certainly cause for celebration. But parents need to be aware of the potential tax implications. This article explains when a scholarship may be taxable.
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Family businesses must beware of fraud
July 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 495
Abstract: Family businesses make up a huge percentage of companies in the United States and produce much of the country’s gross domestic product. Often defined as companies that are majority owned by a single family with two or more members involved in their management, family businesses can be a significant source of wealth. They may also face higher fraud risks. This article explains why that is true, and how family businesses can reduce the risks.
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Lost your job? Here are the tax aspects of an employee termination
July 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 583
Abstract: Despite the robust job market, some people are still losing their jobs. For those who are laid off or terminated from employment, taxes are probably the last thing they’re concerned about. However, they may face tax implications when personal and professional circumstances change, and there may be some decisions to make.
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Should you sell (or even refuse) inherited assets?
July / August 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 395
Abstract: An inheritance can provide a welcome windfall, especially for people nearing retirement. But in many cases, disposing of inherited assets — or even turning down an inheritance — may make more financial sense. This article suggests questions new heirs might want to ask before accepting assets.
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What you should know about the active vs. passive fund debate
July / August 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 550
Abstract: In most years, passively managed funds that mimic market indexes tend to do better than their actively managed counterparts. Does this mean investors should only invest in index funds? Not exactly. This article explains how active and passive funds are managed and how they can both fit into a diversified portfolio.
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Financial planning is critical for unmarried couples
July / August 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 694
Abstract: When it comes to financial planning, married couples enjoy certain legal advantages over unmarried couples. Therefore, unmarried couples need to anticipate and plan for multiple issues. This article discusses tax-planning opportunities, breakup protection, estate planning and health-care directives.
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SECURE Act 2.0 – New law makes saving for retirement easier
July / August 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 882
Abstract: The SECURE 2.0 Act of 2022 is making it easier for many people to save for retirement in a tax-advantaged manner. This article reviews the law’s provisions, including those related to required minimum distributions (RMDs) from IRAs, catch-up and matching contributions to 401(k) plans, and Section 529 plans. A sidebar explains the tax breaks available by making qualified charitable distributions. As an extra bonus, these distributions count toward any RMDs for the year.
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Tax Tips – Avoid capital gains tax with QSBS
July / August 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 425
Abstract: These brief tips explain how qualified small business stock can help avoid capital gains tax; detail a U.S. Tax Court case that involves splitting assets among more than one charity; and warn taxpayers of scams involving offers in compromise.
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Should married couples ever file separate tax returns?
July / August 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 521
Abstract: Most married couples assume they should file joint income tax returns, and usually, that’s the right choice. But under certain circumstances, there may be benefits to filing separate returns. This article explores a couple of situations where it may be advantageous to file separately rather than jointly.
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Complementary documents – An estate plan benefits from a living trust and a pour-over will
July / August 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: A primary reason people want to keep their assets out of probate is because it’s a public process. It can also be time consuming and costly. A living trust is a popular document in a comprehensive estate plan because assets transferred to it don’t have to pass through probate. But what about the assets that weren’t transferred to a living trust during a person’s life? This article explains the benefits of pairing a living trust with a pour-over will.
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SECURE 2.0 can help businesses attract and retain workers
July / August 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 953
Abstract: The SECURE 2.0 Act has been getting a lot of attention for its many provisions that make it easier for people to save for retirement. However, the law can also have an impact on employers. Not only does it expand tax incentives for employers that set up new retirement plans, but it also helps employers boost participation in their plans. Plus, it provides opportunities to adopt plan enhancements that can help attract and retain workers. This article explores how SECURE 2.0 can benefit employers. A sidebar explains whether the law requires employers to amend their plans.
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Appreciating the helpful balance of bonds
June 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 297
Abstract: Stock market and interest rate uncertainty may cause some investors to turn to bonds. This brief article discusses several popular options, including U.S. government savings bonds and corporate bonds.
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Adopting a child? Bring home a tax break too
June 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 410
Abstract: Two tax benefits may be available to offset the expenses of adopting a child. In 2023, adoptive parents may be able to claim a credit against their federal tax for up to $15,950 of “qualified adoption expenses” for each child. That’s a dollar-for-dollar reduction of tax. And there may be tax relief for some employees under programs offered by employers.
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The tax obligations if your business closes its doors
June 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 536
Abstract: Sadly, many businesses have been forced to shut down recently due to the challenges of the economy, including the supply chain. To close a business, various tax responsibilities must be met, preferably with the help of a trusted tax advisor.
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Is it a good time for a Roth conversion?
June 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 552
Abstract: The volatility in the stock market may have caused the value of retirement accounts to decrease. To those with traditional IRAs invested in stocks, a decline may provide a valuable opportunity: that is, taxpayers may be able to convert a traditional IRA to a Roth IRA at a lower tax cost.