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Showing all 10 results
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Research credits – IRS tightens documentation requirements for refund claims
May / June 2022
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 760
Abstract: In recent guidance, the IRS has imposed strict new documentation requirements on businesses that file refund claims for federal research credits. Currently, businesses may claim the research credit on an originally filed return or an amended return. This article explains that the new requirements apply to the latter, although it’s possible that the IRS will attempt to enhance the documentation requirements for originally filed returns down the road. A sidebar explores research expense deductions.
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You can relax if your estate plan includes a SPA trust
Year End 2021
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 760
Abstract: During times of economic and tax law uncertainty, the more flexible a person’s estate plan, the better. As some parts of the country are rebounding economically from effects of the COVID-19 pandemic, other areas continue to struggle. In addition, there’s the possibility of major tax law changes on the horizon that could greatly affect one’s estate plan. Because of this uncertainty, consider all the strategies that can build flexibility into an estate plan. This article examines how a special power of appointment (SPA) trust can be beneficial to an estate plan.
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What are the pros and cons of the new QIP depreciation breaks?
October / November 2020
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 760
Abstract: One tax benefit of the CARES Act is that it allows real property owners to depreciate real estate qualified improvement property (QIP) faster than before. This article points out that the rule change was made in response to an earlier drafting error in the 2017 TCJA. Under the CARES Act, QIP is now included in the Internal Revenue Code’s definition of 15-year property, so it can be depreciated over 15 years for federal income tax purposes. The article explains the possible benefits and drawbacks of the new QIP depreciation tax breaks.
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How will the new tax law affect fringe benefits?
Spring 2018
Newsletter: Auto Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 760
Abstract: Less-publicized elements of the TCJA that could have a consequential impact on dealerships include the tax treatment of employee fringe benefits. This article explains provisions that limit meal and entertainment deductions, repeal the transportation benefits deduction and curb achievement award deductions. A new family and medical leave credit also is discussed. A sidebar highlights changes that affect moving expenses and onsite gyms.
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Why jointly owned property may not be a good idea
November / December 2011
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 760
Abstract: Many well-meaning parents think they can avoid estate planning by simply jointly owning their property with their children. But this may not be such a good idea. For one thing, the value of the gift will be counted toward the parents’ lifetime gift/estate tax exemption. For another, the heir may owe capital gains tax if the property is sold. The transfer could even lead to a denial of Medicaid benefits down the road. This article explores the pitfalls.
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Staff engagement leads to staff loyalty
Fall 2011
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 760
Abstract: Employees are motivated by more than monetary compensation. Well-run practices also meet many other needs, thereby creating a critical component of any successful organization — the engaged employee. This article discusses the importance of offering employees nonmonetary rewards that are tailored to each individual. A sidebar notes that exit interviews can be helpful to learn lessons from employees who decide to leave.
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What is the “value” of litigation?
January / February 2011
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 760
Abstract: Placing a value on litigation — that is, determining the probable outcome and its potential financial impact on a party — can not only assist in weighing the relative costs and benefits of various litigation strategies, but it’s also relevant for business valuation and financial reporting purposes. And it’s particularly significant in light of the Financial Accounting Standards Board’s proposed changes in the way loss contingencies are accounted for and disclosed in a company’s financial statements. This article discusses these changes and how they raise significant concerns for parties and their counsel.
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Appraisal reports – A recipe worth knowing
April / May 2010
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 760
Abstract: Long before a client’s appraisal report is prepared, much work has gone into arriving at the value of the company. The valuation process will vary according to the business being examined, but some practices are common. Appraisers often rely on three common approaches when valuing a business, but may use values from other sources to reconcile against their own analyses. They also must decide, on a case-by-case basis, the extent to which adjustments apply, and carefully scan appraisal appendices in search of important information.
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Vying for the rights to flat-screen TV technology – No damages for breach of patent license
September / October 2009
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 760
Abstract: Last summer, two companies engaged in a fierce battle over licensing rights to a patented flat-screen TV technology. In Nano-Proprietary Inc. v. Canon Inc., the U.S. Court of Appeals for the Fifth Circuit held that a patent licensor couldn’t terminate a “perpetual” license agreement, despite the licensee’s material breach of the agreement. In addition, the licensor couldn’t recover monetary damages, because it had failed to establish the amount of damages with reasonable certainty. This case shows how a qualified valuation expert can help eliminate speculation.
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When fiscal sponsorship is right …
Year End 2008
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 760
Abstract: Becoming — or finding — a fiscal sponsor is the smart thing for a nonprofit to do under certain circumstances. Do you know the difference between being a fiscal agent and a fiscal sponsor?