TXI
Showing 129–144 of 384 results
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Tax Tips – Make the most of the 0% capital gains rate
July / August 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 440
Abstract: These brief tips explain strategies that take advantage of the 0% capital gains rate, detail how the Tax Cuts and Jobs Act expands the research credit, and discuss the pitfalls of having a formula clause in an estate plan.
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Putting the brakes on spending – Add spendthrift language to a trust to protect assets
July / August 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 641
Abstract: Despite its name, the purpose of a spendthrift trust isn’t just to protect profligate heirs from themselves. Adding spendthrift language to a trust benefiting one’s heirs can help safeguard assets from their creditors, or in the event of relationship changes. This article explains the effects of adding spendthrift language to a trust.
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Tax cost of divorce set to rise in 2019
July / August 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 573
Abstract: One of the lesser known aspects of the Tax Cuts and Jobs Act is that it affects the tax treatment of alimony. This article explains the changes and details the impact for post-2018 divorces.
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C corporation vs. pass-through – What’s the right structure for your business?
July / August 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 892
Abstract: The Tax Cuts and Jobs Act slashed the federal corporate income tax rate to a flat rate of 21% and eliminated the corporate alternative minimum tax (AMT). Meanwhile, owners of pass-through entities — partnerships, S corporations and LLCs — are taxed on their shares of business income at individual rates as high as 37%. This article explains factors to consider in determining whether organizing a business as a C corporation would reduce one’s overall tax burden. A sidebar examines additional factors to consider when determining the ideal structure for a business.
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Tax Tips – Alimony deduction is coming to an end
May / June 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 465
Abstract: These brief tips explain that the Tax Cuts and Jobs Act (TCJA) eliminates the alimony deduction, how the TCJA affects the kiddie tax and why small businesses should consider offering Health Reimbursement Arrangements.
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Gain flexibility with a self-directed IRA
May / June 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 651
Abstract: Traditional and Roth IRAs are considered relatively “safe” retirement-savings vehicles, but a drawback to them is that they limit investment choices. A self-directed IRA provides more flexibility in investment choices with potentially greater returns, including real estate, precious metals, energy and other alternative investments. On the downside, self-directed IRAs are riskier and can lead to unfavorable tax consequences. This article explains how a self-directed IRA affects an estate plan.
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Are you personally liable for your company’s payroll taxes?
May / June 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 505
Abstract: When a business fails to remit payroll taxes, the IRS has the authority to collect those taxes from “responsible persons,” including certain shareholders, partners, officers and employees. The IRS takes an expansive view of who constitutes a responsible person. This article defines a “responsible” person and references a court case that shows the lengths that the IRS will go to in order to collect unpaid payroll taxes.
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The price of giving – Tax reform’s impact on charitable donations
May / June 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 922
Abstract: For those who make substantial donations to charity, it’s important to evaluate the impact of the Tax Cuts and Jobs Act (TCJA) on the “price” of the gifts. Even though charitable giving is motivated primarily by compassion and generosity rather than the availability of tax incentives, the after-tax cost may affect the amount a person is willing or able to give. This article examines how the TCJA affects charitable giving. A sidebar discusses charitable IRA rollovers.
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Tax Tips – Calendar tax year or fiscal tax year?
March / April 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 448
Abstract: These brief tips explain the pros and cons of using a calendar tax year vs. a fiscal tax year, how a donor-advised fund operates, and the tax advantages of using solar power.
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Breathe new life into a trust by “decanting” it
March / April 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 478
Abstract: The term “decanting” typically is associated with wine. But, in regard to an irrevocable trust, decanting allows a trustee to use his or her distribution powers to “pour” funds from one trust into another with different terms. Doing so provides the trustee with additional flexibility in light of changing tax laws or family circumstances. This article answers several frequently asked questions regarding decanting a trust.
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Identity theft and your tax returns: How to protect yourself
March / April 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 724
Abstract: Tax returns are a prime target for identity thieves. After all, the IRS processes more than $300 billion in tax refunds every year, and criminals follow the money. A thief needs little more than your name and Social Security number (SSN) in order to file a fraudulent tax return and pocket the refund. This article examines techniques to use to protect against identity theft.
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The Tax Cuts and Jobs Act – How will it affect your tax bill?
March / April 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 884
Abstract: At the end of 2017, the most sweeping tax reform legislation in decades was signed into law. This article examines how the Tax Cuts and Jobs Act (TCJA) affects individual and business taxes. A sidebar takes a brief look at the estate-planning-related provisions of the TCJA.
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Tax Tips – File early, but not too early
January / February 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 476
Abstract: These brief tips explain the benefits of filing an income tax return early if the taxpayer is expecting a refund, discuss why it’s important to file a tax return even if the taxpayer doesn’t have the funds to pay for the tax bill, and note the 2017 IRA contribution deadline.
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Higher education is expensive! Begin saving the tax-smart way with a Section 529 plan
January / February 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 689
Abstract: When it comes to saving for college, parents and grandparents often turn to one of the most popular sections of the tax code: Section 529 college savings plans. Of all the vehicles available for college savings, 529 plans are perhaps the most versatile in some ways. This article details the ins and outs (and the estate planning benefits) of 529 plans.
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Tax planning for investors: Income vs. growth
January / February 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: Whether one invests for income (dividends and interest), growth (price appreciation) or total return (a combination of income and growth), it’s important to assess the impact of taxes on his or her portfolio. This article examines various tax issues to consider.
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Are bad business debts deductible?
January / February 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: If a business owner holds a business-related debt that’s become worthless or uncollectible, a “bad debt” deduction may allow him or her to cut their losses. But don’t assume a debt is deductible just because the odds of collecting are slim. This article explains the differences between a business and nonbusiness debt. A sidebar details how to prove a debt is “worthless.”