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Showing 17–19 of 19 results
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Selling a home to your child at a bargain price
June 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 571
Abstract: As part of an estate and gift planning strategy, a taxpayer may consider transferring ownership of a family home to an adult child. Note, however, that the tax implications of such transfers can be significant. As this article illustrates, it can produce great tax results for the parent, but it may produce less-than-great income tax results for the child if the home has appreciated significantly.
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5 simple steps to a better budget
Fall 2012
Newsletter: Nonprofit Observer
Price: $225.00, Subscriber Price: $157.50
Word count: 571
Abstract: Preparing a nonprofit’s annual budget is probably one of the least appealing parts of an administrator’s job. This article offers five simple steps that can help make the process a little less painful and urges nonprofit leaders to seek professional financial assistance if they think they might need it.
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Consider taxes before you hire household help
July / August 2009
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 571
Abstract: When you hire someone to work in your home, you become an employer. Thus, you have specific tax obligations, such as withholding and paying Social Security and Medicare (FICA) taxes and possibly federal and state unemployment insurance. So before you say, “You’re hired,” make sure you understand your tax obligations — and the penalties for not meeting them. This includes knowing who qualifies as an employee, what taxes are owed, and how to pay them.