1042
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Know the basics of basis
April / May 2009
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 1042
Abstract: To transfer wealth in the most cost-effective manner, it’s important to understand how an asset’s income tax basis affects an estate plan. The basis a beneficiary receives in an asset depends on how a person transfers it, and this can have a large impact on the recipient’s income tax bill. This article explains what basis is and how it affects estate planning.
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Another “red flag” on the regulatory front — New FACTA rules seek to curb medical identity theft
Spring 2009
Newsletter: Vital Signs
Price: $225.00, Subscriber Price: $157.50
Word count: 1042
Abstract: In November 2007, the Federal Trade Commission (FTC) issued regulations known as “Red Flag Rules” as part of the Fair and Accurate Credit Transactions Act of 2003 (FACTA). The purpose of the Red Flag Rules is to address the growing incidence of identity theft, including financial and medical identity theft. This article discusses the new rules and how practices can integrate the revised regs into their operations.
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Discounting future losses for lost profits
January / February 2009
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 1042
Abstract: In many business litigation cases, financial experts must project damages for losses that the plaintiff will incur in the future because of the injury involved. Discounted future losses represent the amount of compensation needed now to replace that future lost income. But, as this article discusses, losses in a litigation context are different from the lost income that comes up in business valuation situations, requiring an expert to calculate a discount rate based on relevant risks.