2017
Showing 593–608 of 690 results
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ACFE report: Awareness can help fight fraud
January / February 2017
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 598
Abstract: For the last 20 years, the Association of Certified Fraud Examiners (ACFE) has published a biennial study to raise awareness about occupational fraud. This article summarizes key findings from the 2016 Report to the Nations on Occupational Fraud and Abuse, including the costs and duration of fraud, common scams, and detection and prevention methods.
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Estate of Giustina – Tax Court slashes value of FLP interest
January / February 2017
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 854
Abstract: Family limited partnerships (FLPs) can be effective estate planning tools. This article discusses a recent U.S. Tax Court case in which the value of a 41% FLP interest for estate tax purposes was reduced from approximately $27.5 million to just under $14 million on remand from the U.S. Court of Appeals for the Ninth Circuit. A sidebar highlights a recent IRS proposal that threatens to limit (or possibly even eliminate) valuation discounts on FLPs and other family-controlled businesses. Estate of Giustina v. Commissioner, T.C. Memo. 2016-114, June 13, 2016
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How much is a minority interest in an S corporation worth? IRS job aid compiles guidance on valuing pass-through entities
January / February 2017
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 709
Abstract: Generally, S corporations pay no entity-level federal taxes on their income. Instead, an S corporation’s income and deductions flow through to the interest holders, who are responsible for the entity’s federal income tax liability. This article introduces an IRS job aid that compiles guidance on how these pass-through tax attributes may affect the value of noncontrolling interests in these entities. It concludes that valuing these interests necessitates a custom approach that’s evolving over time. Gross v. Commissioner, T.C. Memo. 1999-254, aff’d. 272 F. 3d 333 (6th Cir. 2001), cert. denied, 537 U.S. 827 (2002)
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Tax Tips – Late rollover relief just got easier
January / February 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 430
Abstract: These brief tips cover how the IRS has made it easier for taxpayers to obtain an extension for retirement plan rollovers, ways to protect taxpayers from charity scams and how to make a partial disposition election for disposed property.
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Don’t overlook the domestic production activities deduction
January / February 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 599
Abstract: The domestic production activities deduction provides a generous tax break for certain “domestic production activities.” Unfortunately, many businesses overlook this valuable tax break because they believe it’s only for manufacturers. This article explains that in fact the deduction is available to a wide range of businesses. It also explains how temporary and proposed regulations may affect a company’s eligibility for the tax credit.
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What estate planning strategies are available for non-U.S. citizens?
January / February 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 537
Abstract: Many traditional estate planning strategies are based on the assumption that everyone involved is a U.S. citizen. But for those couples with a noncitizen spouse, special rules apply that require additional planning. This article examines some of the tax issues for resident noncitizens, as well as for nonresident aliens.
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Required minimum distributions: Tips and strategies
January / February 2017
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 959
Abstract: For those nearing age 70½, it’s time to start planning for required minimum distributions (RMDs) from their traditional IRAs or employer-sponsored retirement plans. This article provides tips and strategies for minimizing the impact of RMDs and includes a brief sidebar on how RMD rules differ if an IRA or retirement plan is inherited.
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Prescription for an ailing practice
Winter 2017
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 451
Abstract: Whether a practice is not doing as well as it should be as a result of poor management decisions or evaporating clients, it’s important to get things on the road to recovery. This brief article notes some reasons a practice might be ailing and offers a series of commonsense solutions to help it thrive again.
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5 ways to plug revenue leakage
Winter 2017
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 620
Abstract: Physicians often lose track of what’s actually going on in their medical practices’ business operations — and when that happens problems can occur. To help plug any potential revenue leaks, this article offers some tips for staying on top of business processes and suggests five steps to take, including educating patients on estimated expenses, auditing computer systems and offering more services.
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What’s the best insurance coverage for your practice?
Winter 2017
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 515
Abstract: All medical practices carry insurance policies to protect them against risk — especially medical malpractice insurance coverage. But this isn’t the only type of insurance many practices need. This article explains several other policies a medical practice should consider taking on, and warns of the potential risk if insurance policies haven’t evolved with the business.
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Bring it on – Adding an associate or partner to your practice
Winter 2017
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 946
Abstract: A practice may consider adding an associate or partner for many reasons — from an increase in practice volume to preparing for eventual sale. But careful consideration of the pros and cons is necessary to ensure there are no regrets down the road. This article looks at some steps to take before making this significant decision, including a thorough analysis of practice goals and how to find a good match.
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Not so fast! Federal court denies real estate agent’s rental loss deduction
January / February 2017
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 435
Abstract: The IRS generally considers rental real estate investments as passive activities, meaning taxpayers can use any related losses only to offset income from passive investments. The tax code does grant an exception for rental activity losses incurred by real estate professionals, but it’s not enough just to qualify as a real estate professional. This article reviews a U.S. Court of Appeals for the Ninth Circuit ruling finding that real estate professionals must also prove that they materially participated in the rental property. Gragg v. Commissioner, Ninth Cir., No. 14-16053, August 4, 2016
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Performing preventive maintenance is key
January / February 2017
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 635
Abstract: Owners need to know the condition of their residential and commercial properties. A comprehensive preventive maintenance program inventories all interior and exterior equipment “hotspots” and tracks when routine maintenance should happen. This article shows how to create a formal schedule and budget for fixed asset repair and maintenance, taking into account labor requirements and tax considerations.
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Gross-up provisions: Good news for both landlords and tenants
January / February 2017
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: In an uncertain economy, commercial landlords understandably look for ways to protect themselves from financial exposure. One approach is the inclusion of gross-up provisions in leases. This article explains that a properly drafted gross-up provision can help ensure that tenants pay their share for operating expenses when some units are vacant, while also protecting tenants from unexpected cost increases.
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Don’t lose your charitable tax deduction on use restrictions – It’s important to submit a qualified appraisal under IRS rules
January / February 2017
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 869
Abstract: When taxpayers contribute property to charitable institutions, they generally follow up by claiming a charitable deduction on their tax returns. But that deduction isn’t a given — the IRS has strict requirements. Many contributions, for example, require the donor to obtain, and possibly submit, a “qualified appraisal” of the donated property. Failure to do so can cost the deduction and possibly lead to steep penalties. This article summarizes a recent case and the law behind the charitable tax deduction. A sidebar discusses how a conservation easement can qualify for a deduction. Gemperle v. Commissioner, U.S. Tax Ct., No. 19599-12, January 4, 2016
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Newsbits – ALS Association continues to reap benefits of Ice Bucket Challenge
Winter 2017
Newsletter: Profitable Solutions for Nonprofits
Price: $225.00, Subscriber Price: $157.50
Word count: 404
Abstract: This issue’s “Newsbits” reports on how the ALS Association is continuing to reap benefits from its “Ice Bucket Challenge” and how legacy not-for-profits are going digital to attract Millennial donors. It also describes how a fitness app is leveraging the Pokémon GO craze and reveals some results of a survey on nonprofit hiring challenges.