TXI
Showing 177–192 of 384 results
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Tax Tips – Shift capital gains to your children
July / August 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 470
Abstract: This issue’s “Tax Tips” article details why taxpayers should consider giving appreciated stock to their children to minimize capital gains taxes, explains how to deduct bad debt and covers why “net, net gifts” are now a more viable strategy.
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When an inheritance is too good to be true – How income in respect of a decedent works
July / August 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: Even though most inherited property is tax-free to the recipient, this isn’t always the case with property that’s considered IRD. If a person has large balances in an IRA or other retirement account — or inherits such assets — IRD can be a significant estate planning issue. This article explains how to minimize or possibly eliminate IRD.
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IRS hobby loss rules – Is it a business or hobby?
July / August 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 569
Abstract: If a start-up business owner is operating at a loss, it’s critical to understand the IRS’s “hobby loss” rules. Business losses are fully deductible, but hobby losses aren’t. Deductions for hobby expenses generally can’t exceed gross receipts (if any) from the activity. Also, the business owner must claim hobby losses as itemized deductions, which may further reduce their tax benefits. This article defines the word “hobby” and explains hobby loss rules.
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Partnerships: Get ready for new audit rules
July / August 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 900
Abstract: For partnerships, the new audit rules are a game changer. The rules apply to returns for partnership tax years that begin after December 31, 2017, including amended returns. The changes aren’t merely procedural; they substantially alter the taxation of partnerships, effectively imposing entity-level taxes on partnerships. This article details the new rules and includes a sidebar explaining the opt-out clause.
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Tax Tips – Take another look at the research credit
May / June 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 429
Abstract: This issue’s “Tax Tips” article covers the research credit, why taxpayers should consider a charitable IRA rollover, and the risks associated with falling behind on payroll taxes.
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Why you may need a prenup
May / June 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 570
Abstract: If a prospective couple plans to sign a prenuptial agreement, it’s wise to design the agreement with an estate plan in mind. Prenups offer several estate planning benefits — but a poorly planned one can trigger unintended tax consequences or even hinder achievement of estate planning goals. This article discusses certain benefits, such as protection from liability for a spouse’s separate debts and implementation of estate planning strategies.
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Is it time to revisit captive insurance?
May / June 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 598
Abstract: Many companies, whether they’re large or small, use captive insurance companies to help meet their risk management needs while also controlling costs and reducing taxes. This article explains the benefits of captives and how several new Tax Court cases may create fresh opportunities for companies to establish captives.
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Deduct now, donate later – Donor-advised funds offer significant benefits
May / June 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 889
Abstract: Taxpayers who are planning on making significant charitable donations should consider a donor-advised fund (DAF). These funds offer many of the tax and estate planning benefits of private foundations, but at just a fraction of the cost. This article explains how a DAF works and its benefits, such as the ability to deduct DAF contributions immediately but make gifts to charities later. A sidebar discusses how private foundations can offer important advantages for those who can afford them.
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Tax Tips – Are your employees classified correctly?
March / April 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 442
Abstract: This issue’s “Tax Tips” covers employee classification for IRS purposes, a donee’s liability for unpaid gift tax and interest, and the now permanent 100% exclusion for federal capital gains taxes on sales of qualified small business stock.
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Property dividends: Handle with care
March / April 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 552
Abstract: Corporate shareholders sometimes receive distributions in the form of property rather than cash. And while there’s nothing wrong with this practice, it’s important to understand the tax implications. This article explains the tax treatment of distributions, including gain property and loss property.
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The Section 1031 exchange – Why it’s such a great estate planning tool
March / April 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 782
Abstract: A Section 1031 like-kind exchange allows taxpayers to exchange one or more pieces of business or investment real estate for other business or investment real estate without recognizing capital gain. The only limitation is that the value of the new properties should be equal to or greater than the value of the existing properties. This article discusses safe harbors to be aware of and how a Sec. 1031 exchange can harness the power of estate planning through such means as exchanging properties for tenancy-in-common interests.
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5 retirement account tax traps to avoid
March / April 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 937
Abstract: For many taxpayers, a large portion of their wealth is set aside in individual retirement accounts (IRAs) or qualified retirement plans, such as 401(k) or profit-sharing plans. These accounts can provide substantial tax advantages, but they can also become traps for the unwary. This article offers five common mistakes to avoid, such as missing required minimum distributions (RMDs) and failing to take them from an inherited IRA or qualified plan. A sidebar discusses when and how much to take in RMDs.
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Tax Tips – Thinking about expatriation? Watch out for the “exit tax”
January / February 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: This issue’s “Tax Tips” offers tidbits on expatriation and the “exit tax,” how to undo a Roth IRA conversion, and the nontaxability of identity protection services for some individuals.
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Need to protect your assets? Consider a BDIT
January / February 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 762
Abstract: A BDIT, also known as the “Beneficiary Defective Inheritor’s Trust,” is one of the most powerful estate tax and asset protection strategies available to taxpayers. Essentially, it’s a third-party settled trust designed to give the taxpayer control and beneficial enjoyment of the trust property. This article explains how a BDIT works and why it’s so important.
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The net investment income tax – Planning opportunities for small business owners
January / February 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 560
Abstract: Those who own an interest in an S corporation, partnership or LLC should review the potential impact of the net investment income tax (NIIT). Why? Because there may be opportunities to reduce or even eliminate the tax. This article discusses how the tax works and offers some handy planning tips.
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Designing a tax-wise bonus plan
January / February 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 851
Abstract: An annual bonus plan can help attract, retain and motivate employees. And if the plan is designed carefully, the taxpayer can deduct bonuses earned this year even if he or she doesn’t pay them until next year. This article explains certain rules, such as the 2½ month rule and the all-events test. A sidebar discusses when it may be beneficial to change one’s accounting method.