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Showing all 14 results
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4 ways to withdraw cash from a corporation
November 2021
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 500
Abstract: Owners of closely held corporations often want or need to withdraw cash from the business. The simplest way is to distribute the money as a dividend, but that isn’t tax-efficient. This article suggests several other ways to withdraw cash with generally better tax consequences, such as through capital repayments or compensation.
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IRS offers nonprofits new transportation benefits guidance
Spring 2019
Newsletter: Nonprofit Observer
Price: $225.00, Subscriber Price: $157.50
Word count: 500
Abstract: Effective January 1, 2018, nonprofit employers became subject to tax on transportation fringe benefits provided to employees. This article summarizes recently released IRS guidance on the topic. The article points out that many organizations will be required to make tax calculations using methodologies that aren’t fully defined.
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4 financial threats to your firm’s long-term survival
Spring 2017
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 500
Abstract: Even with the economy on the upswing, many in the legal industry face precarious times, and they may not realize it. This article summarizes four threats in particular that could jeopardize a firm’s financial future: long-term debt, unfunded obligations to retired partners, overcompensation of current attorneys and ill-advised expansion.
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CFPB: What customers are complaining about
Fall 2015
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 500
Abstract: The Consumer Financial Protection Bureau recently published its Consumer Response Annual Report, which discusses consumer complaints received in 2014. This article explores trends revealed in the report, providing valuable insights into where banks’ potential compliance risks lie.
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Are you insured? Fiduciary liability insurance can help when problems arise
August / September 2015
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 500
Abstract: One of the most contested areas of employee benefits litigation revolves around fiduciaries and their duties to plan participants and beneficiaries. For fiduciaries, the cost of defending themselves can be steep, regardless of fault. This article discusses how fiduciary liability insurance fits in.
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Charitable donations of publicly traded securities
July 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 500
Abstract: Taxpayers with appreciated securities positions may be able to save on federal taxes by donating the actual securities (for example, stocks) held more than one year (long-term gain securities) to a qualified charity rather than selling the securities and donating the cash proceeds. This article explains why, and offers a specific example. But it notes that planning is essential in determining when to donate appreciated stock.
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Tick, tock … an important doc — Why your corporate minutes matter
Winter 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 500
Abstract: Keeping an accurate record of corporate minutes may not seem very exciting. But companies that let their documentation skills slip in this area could be unnecessarily exposing themselves to significant risk. This article explains which companies are required to keep minutes — and how all companies can use an accurate record of minutes for risk management, tax preparation and strategic planning.
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IRS easing restrictions on innocent spouse relief
January / February 2012
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 500
Abstract: Years after a divorce decree has been signed and entered, an innocent former spouse could end up on the hook for the misstatement of taxes on a couple’s joint tax return. In such a case, the nonresponsible spouse must request innocent spouse relief from the IRS. This article explains that the IRS time limit on certain relief requests was recently expanded, and many spouses — divorced or not — who previously were denied relief because of the limit may now qualify.
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Practical Perspectives: Key financial issues for you and your family – Couple considers options with 529 plan
February / March 2011
Newsletter: Trendlines
Price: $225.00, Subscriber Price: $157.50
Word count: 500
Abstract: This issue’s “Practical Perspectives” features Bob and Marjene, who opened up a 529 college savings plan for their son — only to watch the recession decrease the value of their account so that they were now $10,000 underwater. But their advisor urged them not to give up on their 529 without considering all the good it could still do.
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Helping your staff cope with economic uncertainty
Summer 2009
Newsletter: Nonprofit Observer
Price: $225.00, Subscriber Price: $157.50
Word count: 500
Abstract: Staffers are likely to be as concerned as their organizations’ leaders about the future of their nonprofit, its constituents and their own future employment. Now more than ever, frequent and honest communication is essential. Otherwise, top performers might look for greener pastures or worse, become paralyzed with worry and stop doing their jobs well.
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For What It’s Worth: Valuation in the Courts – FAMILY’s FLP foibles serve as a cautionary tale
Summer 2009
Newsletter: Valuation Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 500
Abstract: If there’s a silver lining to a gloomy economy, it may be the estate planning opportunities that arise. Currently, many wealthy individuals are creating family limited partnerships (FLPs) to take advantage of lower market values and slowed transaction activity. But they must be structured carefully to avoid IRS challenge, as one family found out in Estate of Thelma G. Hurford v. Commissioner.
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Give your appraisal a dose of reality
July / August 2008
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 500
Abstract: Before valuators finalize their conclusions, they step back and ask, “Would this number make sense in the real world?” Experts typically rely on their professional experience to answer this question. But they may also turn to various sanity checks. This brief article lists some sanity checks valuators may turn to, including industry rules of thumb, the justification of purchase (JOP) test and other sources of supplemental data.
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News For Nonprofits – Stricter recordkeeping for contributions
June / July 2008
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 500
Abstract: This issue alerts you to stricter recordkeeping requirements for contributions, discusses how fundraising practices are once again under a magnifying glass, and highlights IRS changes to the application process for exempt status.
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Dealer Digest – Keep close tabs on inventory in ’08
May / June 2008
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 500
Abstract: This issue includes items on keeping close tabs on inventory, dealership deductions that catch the IRS’s attention, heating up online advertising and reining in sales leads.