594
Showing 17–29 of 29 results
-
How to steer clear of tax issues related to shareholder loans
October 2017
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: Owners occasionally borrow funds from their businesses. This article explains the importance of treating these transactions as bona fide loans and charging an “adequate” rate of interest. It also provides a list of factors the IRS considers when evaluating corporate advances to shareholders.
-
Is a noncharitable purpose trust right for you?
January / February 2017
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: There are two trust types that don’t require one or more human beneficiaries: charitable trusts and noncharitable purpose (NCP) trusts. A charitable trust is the more common of the two, but an NCP trust could also be a formidable tool to help achieve one’s estate planning goals. This article explains how an NCP trust works and details its drawbacks.
-
Where’s the money? Ensuring fair outcomes in divorce cases
September / October 2016
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: Allegations of hidden assets, or even fraud, can muddy the waters and heighten tension in divorce cases, making a fair resolution difficult. Especially when a private business interest is involved, valuation and forensic accounting expertise is key in helping spouses equitably divide their assets. This article discusses some strategies moneyed spouses sometimes use to attempt to hide business assets, delay revenue recognition or overstate expenses.
-
When an inheritance is too good to be true – How income in respect of a decedent works
July / August 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: Even though most inherited property is tax-free to the recipient, this isn’t always the case with property that’s considered IRD. If a person has large balances in an IRA or other retirement account — or inherits such assets — IRD can be a significant estate planning issue. This article explains how to minimize or possibly eliminate IRD.
-
Tips for preventing fraud in your organization
Summer 2014
Newsletter: Profitable Solutions for Nonprofits
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: Fraud doesn’t just hurt a nonprofit’s bottom line — it also could do devastating damage to its reputation. However, this article discusses how, by implementing some simple controls, an organization can help protect itself from these risks. These controls involve segregation of accounting duties, fraud awareness training for all employees, establishment of a fraud hotline, and risk assessment.
-
Another one bites the dust – Tax court rules against FLP
September / October 2012
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: A family limited partnership (FLP) can be a viable tax-advantaged method of handling assets — but only if it’s established and administered correctly. This article looks at an FLP that the IRS successfully challenged. It explains some of the specific factors that led the Tax Court to conclude that the decedent’s asset transfers were not the bona fide sales that would have qualified the FLP for favorable tax treatment.
-
Harder than it looks – Changing business structures calls for careful planning
Winter 2008
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: Contractors who are starting new businesses must be careful when choosing the form of ownership, or business structure, for those businesses. This article explains the types of business structure available, how each one operates, and some pitfalls that are inherent with the various structures. A sidebar discusses five things you must consider when choosing a business structure, such as the amount of liability you’re willing to assume and state regulations. (Updated 5/29/12)
-
Standard raised for “inequitable conduct” defense
Year End 2011
Newsletter: Ideas on Intellectual Property Law
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: In response to more than a decade of increasing criticism, the U.S. Court of Appeals for the Federal Circuit has raised the standard for inequitable conduct. By doing so, it’s reduced the chances that infringers will be able to successfully argue that patents should be rendered unenforceable because of purportedly wrongful conduct during patent prosecution. This article examines the court’s ruling.
-
The ins and outs of obtaining financing
Fall 2011
Newsletter: Profitable Solutions for Nonprofits
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: Credit may still be tight, but a not-for-profit will increase its chances of securing financing if it understands the choices available to it. This article explains the differences between a line of credit and a term loan and explores tax-exempt bond financing as an alternative.
-
Nest egg repair – Rebuild your retirement savings one step at a time
September / October 2009
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: For all but the most conservative investors, it’s not likely that retirement account balances are what they used to be. Unfortunately, only time may bring back what many have lost. But the silver lining is that they can take steps today to rebuild their 401(k) plans or other retirement accounts and prepare their portfolios for better times ahead. Among their options are to save more, invest automatically, and work longer.
-
Policies are at the heart of good governance
Summer 2009
Newsletter: Nonprofit Observer
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: The new Form 990 opens the door to a whole host of governance questions, including those posed in Part VI: Government, Management and Disclosure. The government doesn’t yet require nonprofits to implement these policies. However, they should consider putting policies in place before it does. This article lists specific target areas of Form 990, and four types of policies with broad applicability: conflict of interest, whistleblower, document retention and destruction, and chief executive compensation.
-
Mirror, mirror on the wall, do I look good to my surety at all?
Winter 2009
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: When the economy’s robust, chances are you don’t have much trouble getting a surety bond. When the economic forecast is bleak, however, sureties may not be as trusting and you may need to do more to improve your bonding capacity. This article offers some tips on how to do just that. Here’s one: If you’ve had significant swings in monthly performance, try to eliminate them and be prepared to explain them to your surety.
-
Income in respect of a decedent – Why some gift horses deserve a hard look
August / September 2008
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: The adage “don’t look a gift horse in the mouth” is often applied to inheritances. But for certain types of assets, a thorough inspection may reveal an unexpected tax bite. Most inherited property is tax free to the recipient, but there’s an exception for property that’s considered income in respect of a decedent (IRD). IRD can be a significant estate planning issue, especially if a person has large balances in an IRA or other retirement account — or inherits such assets. This article details what IRD is and how to plan for it. (Updated: 4/27/12)