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Are you familiar with fraudulent transfer laws?
May / June 2012
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 704
Abstract: Because asset values are low and the gift tax exemption is high, now is a good time to transfer wealth. But it’s best to first check with an estate planning advisor about fraudulent transfer laws. This article explains that, if creditors challenge gifts, trusts, retitling of property or other strategies as fraudulent transfers, they can quickly undo an estate plan. Under the Uniform Fraudulent Transfer Act (UFTA), they can challenge transfers involving two types of fraud: actual and constructive. The latter is unintentional, yet can result in significant financial consequences.
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Dealer vs. investor: It’s a taxing situation
March / April 2011
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 704
Abstract: Professionals who juggle the daily ins and outs of the commercial real estate business might not give much thought to whether they’re a dealer or an investor. But the distinction can have a significant impact on their bottom line because of the different tax treatments associated with each category. This article discusses how the IRS distinguishes between dealers and investors, and the tax advantages/disadvantages associated with each category.
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Balancing risk and reward – A self-canceling installment note can benefit your estate plan under certain circumstances
March / April 2010
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 704
Abstract: It can be difficult to determine how to pass assets on to loved ones at the lowest possible tax cost. One option to consider is a self-canceling installment note (SCIN). Using a SCIN involves selling a business or other assets to children or other family members (or to a trust for their benefit) in exchange for an interest-bearing installment note. The “self-canceling” feature means that a buyer’s death during the note’s term relieves him or her of any future payment obligations. A SCIN offers a variety of valuable tax benefits, but there are risks involved, as well.
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Medical practice management 101 – How to assess financial health
Fall 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 704
Abstract: Most often, it’s assessing the financial health of their practice that eludes many physicians. Timely, accurate financial reports can be invaluable tools for assessing a practice’s financial health. Different reports used on a daily, weekly and monthly basis provide vital information for day-to-day management of a practice. Each kind of report offers different information that’s important to financial analysis. But good old-fashioned budgeting is also crucial.
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Family split-dollar arrangement can ease gift taxes
May / June 2009
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 704
Abstract: One of the most effective techniques for avoiding estate taxes on life insurance proceeds is to set up an irrevocable life insurance trust. If a person pays the premiums on the policy, however, there may be gift tax consequences. A properly structured split-dollar arrangement may solve this problem. This article details the ins and outs of a split-dollar strategy.
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Be vigilant, not a victim – Fraud remains a huge threat to contractors
Winter 2009
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 704
Abstract: Over the last few months, the economy has been very much in the news. While economic struggles can bring many challenges, one in particular is the increased likelihood of fraud. Now more than ever, contractors need to be vigilant, so they don’t end up victims. This article discusses some all-too-common fraud schemes and how to stop them.