TXI
Showing 145–160 of 384 results
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Tax Tips – Year-end planning for mutual funds
November / December 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 406
Abstract: These brief tips provide year-end planning strategies for mutual funds, discuss why it’s important to know that deduction limits for high-income earners may reduce the effectiveness of a common year-end tax planning strategy, and explain how to take advantage of tax-free capital gains.
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Restricted stock: Should you pay tax now or later?
November / December 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 580
Abstract: For growing companies, equity-based compensation is a powerful tool for attracting and retaining executives and other key employees. This article explains why a person who receives an award of restricted stock or purchases shares subject to vesting should consider making an election under Internal Revenue Code Section 83(b) to accelerate taxable income associated with the stock.
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To file or not to file – What you need to know about filing gift and estate tax returns
November / December 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 674
Abstract: Estate tax rules and regulations can be complex. Not knowing when to file a gift or estate tax return can result in tax penalties. This article discusses the rules regarding both gift and estate tax returns.
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How to claim research payroll tax credits
November / December 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 884
Abstract: If a business dedicates resources to creating or improving products, processes or software, it may be eligible for substantial federal tax credits for “increasing research activities.” There’s just one catch: To enjoy the benefits, the company must have sufficient federal tax liability against which to offset the credit. Historically, that meant income tax liability, but qualifying small businesses may now elect to apply some or all of their research credit against up to $250,000 in payroll taxes. This article details how to claim a research payroll tax credit. A sidebar explains how a business can claim the credit on their 2016 return.
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Tax Tips – Home sale exclusion: Unexpected birth is “unforeseen circumstance”
September / October 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 409
Abstract: These brief tips discuss the fact that the IRS now views the unexpected birth of a child an “unforeseen circumstance” when it applies to the home sale exclusion, detail the new parameters the IRS has established for making a late election for estate planning portability and explain how children can take advantage of a tax-free Roth IRA.
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Building an on-off switch into your estate plan
September / October 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 728
Abstract: When planning an estate, there can be tension between estate tax planning and income tax planning. Strategies for reducing estate taxes typically focus on removing assets from your estate, while strategies for reducing income taxes typically focus on including assets in your estate. The right strategy for any one person is the one that will produce the greatest tax savings for his or her family. This article details the conflict and explains why an “on-off” switch in an estate plan can be beneficial.
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2 homes in different states may result in multistate taxation
September / October 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 480
Abstract: Multistate taxation laws are complex and vary from state to state. But, in a nutshell, if a person is domiciled in a state, that state has the power to tax his or her worldwide income. This article explains the multistate taxation laws and uses a fictional example to help understand them.
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Cash vs. accrual – Are you using the right accounting method?
September / October 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 960
Abstract: Which accounting method should a business use for tax purposes? Many business owners are surprised to learn that they have a choice. True, certain businesses are required to use the accrual method, but many businesses are eligible for the cash method. This article explains the differences between the cash and accrual methods and which might lower a company’s tax bill. A sidebar discusses the tax rules about inventories.
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Tax Tips – Charitable deductions: Review written acknowledgments carefully
July / August 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 461
Abstract: These brief tips explain why it’s important to obtain a contemporaneous written acknowledgment when substantiating a charitable deduction; detail a court case involving the mortgage interest deduction; and cover why a cash balance plan may be the answer for business owners who have fallen behind on retirement plan contributions.
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Independent contractor vs. employee – Worker classification matters
July / August 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 596
Abstract: Many employers mistakenly believe that the misclassification of employees as independent contractors doesn’t really matter, so long as contractors satisfy all of their tax obligations. This couldn’t be further from the truth. This article explains the stakes involved when employers classify workers as employees or independent contractors.
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Does a Roth IRA fit into your retirement plan?
July / August 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 562
Abstract: A Roth IRA can offer both income and estate tax benefits. However, it’s important to weigh the benefits of each IRA type. This article explains the differences between a Roth and a traditional IRA and details additional Roth benefits.
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You can’t take it with you – Making the most of tax carryovers
July / August 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 883
Abstract: For many tax losses, deductions and credits, there are limits on how much a person can claim in a given year. Often, unused tax attributes — including passive activity losses, capital losses, charitable deductions and net operating losses — can be carried forward to future tax years. But what happens to these carryovers when someone dies? In some cases, they can be used on the deceased’s final income tax return. Otherwise, they’re lost forever. This article examines the tax treatment of certain carryovers and details the planning opportunities available. A sidebar addresses how to determine the spouse to which carryovers are attributable.
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Tax Tips – Standard mileage rates can lead to inaccurate reimbursements
May / June 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 411
Abstract: These brief tips cover standard mileage reimbursement methods, detail a private letter ruling regarding a broken trust and answer whether bartering is taxable.
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Are you a member of the Sandwich Generation?
May / June 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 656
Abstract: The Sandwich Generation consists of those individuals who are currently taking care of their children and their elderly parents. This article covers five steps to incorporate an elderly parent’s needs into an adult child’s estate plan.
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How to get relief from IRS penalties
May / June 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 589
Abstract: Too often, taxpayers hit with penalties by the IRS simply accept them, write a check and move on. But in certain cases, it’s possible to get these penalties abated. This article lists the types of penalties the IRS can level on taxpayers and explains how to get them abated.
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Timing compensation in a changing tax climate – All eyes on Sec. 409A
May / June 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 815
Abstract: Many people expect to see significant tax reform in the near future now that Republicans are in control of Congress and President Trump is in office. Assuming that tax rates are reduced, and that favorable rates won’t last forever, what does this mean for compensation programs? Many executives and business owners will want to take advantage of this window of opportunity by deferring or accelerating compensation so that it’s received while rates are low. But this article explains why it’s important to be mindful of Internal Revenue Code Section 409A — though a sidebar explains that, under certain circumstances, a business may defer certain bonus payments to the following tax year.