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SECURE 2.0 eases RMD obligations
June / July 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 1005
Abstract: Generally, it’s advantageous to keep funds in retirement accounts for as long as possible. Indeed, the longer a person refrains from withdrawing funds, the longer the money has to continue tax-deferred growth. This article details how the SECURE 2.0 Act can help individuals save more for retirement, which, in turn, may provide more wealth to share with loved ones. A sidebar further explains how SECURE 2.0 benefits Roth 401(k) plans.
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Happy days are here again? With industry indicators pointing up, the time may be right to reassess business practices
Summer 2013
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 1005
Abstract: With industry data showing that the upward trend of American manufacturing output seems sustainable for the foreseeable future, manufacturers should reassess their business strategies. This article discusses renegotiating loans and leases, reinvesting in human resources and facilities, and retooling pricing, marketing and public relations. A sidebar notes the congressional extension of two depreciation-related tax incentives through 2013.
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Deduct vs. capitalize — New regs offer guidance
May / June 2012
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 1005
Abstract: When one is spending money on tangible business property — such as buildings and equipment — it’s important to pay attention to whether these expenditures are classified as maintenance or repair, for this can have a big impact on taxes. Sometimes, though, it’s hard to tell the difference between these types of costs. This article discusses new IRS regulations that provide guidelines on the improvement vs. repair question, taking into account special rules for buildings. A sidebar looks at whether deducting the costs of "refreshing" the appearance and layout of stores is permitted. Citation: Welch v. Helvering (290 U.S. 111)