February

Showing 17–32 of 45 results

  • Phaseouts and reductions: A tax-filing reminder

    February 2017
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 261

    Abstract: Some years, taxpayers can’t reap the full value of tax breaks they’ve claimed in the past. This brief article discusses the personal exemption phaseout and itemized deduction reduction, which can affect those whose AGIs have exceeded the applicable threshold.

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  • 4 myths about managing your debt

    February 2017
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 496

    Abstract: Debt is a reality for many Americans. Underestimating or ignoring one’s obligations can delay or even prevent you from accomplishing many financial goals. This article discusses four myths about debt management, including whether it’s wise to shut down all credit cards and the sometimes pragmatic utility of bankruptcy.

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  • Facing the tax challenges of self-employment

    February 2017
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 401

    Abstract: Today’s technology makes self-employment easier than ever. But the self-employed face some distinctive challenges when it comes to their taxes. This article suggests some important steps to take, including learning about liability and claiming the home office deduction.

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  • Consider separating real estate assets from your business

    February 2017
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 536

    Abstract: Many companies choose not to combine real estate and other assets into a single entity. There are justifiable legal reasons for doing so, but there are also potentially beneficial tax reasons for holding real estate in a separate entity. This article delves into the tax side, discussing how to avoid mistakes and maximize benefits. A sidebar looks at the advantages of separate entities for family businesses.

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  • Married filers, the choice is yours

    February 2016
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 206

    Abstract: For married couples, there’s no harm in at least considering whether to file joint or separate tax returns every year. This brief article notes potential advantages of filing jointly, but also describes circumstances under which filing separately may be the better option.

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  • Why flip real estate when you can exchange it?

    February 2016
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 399

    Abstract: Those who own real estate for investment purposes may focus on flipping it when an adequate gain has been reached. But there’s another option: exchanging it under Section 1031 of the Internal Revenue Code. This article explains how such “like-kind” exchanges work, warning also of the complex rules and potential risks.

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  • Reacquainting yourself with the Roth IRA

    February 2016
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 478

    Abstract: When looking into retirement planning, many people read about Roth IRAs. But the timing isn’t always right to take on one of these arrangements. This article recommends getting reacquainted with the Roth IRA — including its concept, contribution limits and conversion rules.

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  • Good eats, tax breaks: Deducting employee meal costs

    February 2016
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 546

    Abstract: One thing about human resources — they need to eat. Just about every employer encounters situations in which it needs to provide meals to its employees. This article discusses the latest tax rules for deducting these costs. A sidebar looks at the advantages and tax impact of establishing an employee cafeteria.

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  • What to do if you don’t get a Form W-2

    February 2015
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 291

    Abstract: An employee who worked during 2014 should receive from his or her employer a Form W-2, “Wage and Tax Statement,” by February 2, 2015. This form shows the amount of wages received for the year and the taxes withheld from those wages, and it must be filed with the employee’s return. This article explains what to do if the employee hasn’t received Form W-2 by mid-February.

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  • The importance of accountable expense reimbursement plans

    February 2015
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 377

    Abstract: Most companies cover their employees’ business expenses by reimbursing them for their actual expenses or by paying a travel or mileage allowance. Such arrangements are subject to strict tax rules concerning what qualifies as a legitimate reimbursement arrangement and what is treated (at least for tax purposes) as additional compensation to the employee. It depends on whether the employer’s payments are made in accordance with what the IRS calls an accountable plan. This article explains the rules and whether it may or may not be advisable to use such a plan.

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  • Standard mileage rates for 2015

    February 2015
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 235

    Abstract: This article notes that, rather than keeping track of the actual cost of operating a vehicle, employees and self-employed taxpayers can use a standard mileage rate to compute their deduction related to using a vehicle for business. Likewise, standard mileage rates are available for computing the deduction when a vehicle is used for charitable, medical or moving purposes.

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  • Helping an adult child buy a home

    February 2015
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 488

    Abstract: Economic and tax considerations make right now a good time for parents (and grandparents) who are willing and able to help their adult children buy a home. This article looks particularly at the 0% capital gains rate and low federal interest rates as factors that might influence the decision.

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  • Employer reimbursements of individual health insurance policies

    February 2015
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 638

    Abstract: For plan years beginning after 2013, the Affordable Care Act institutes so-called market reform provisions that place a whole host of new restrictions on group health plans. With a limited exception, these provisions significantly restrict an employer’s ability to reimburse employees for premiums paid on individual health insurance policies, referred to as employer payment arrangements. This article explains the new restrictions on these arrangements and what employers who still have them should do. It also looks at acceptable alternatives.

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  • Taxpayer penalized for wasting court’s time

    February 2014
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 100

    Abstract: This brief article describes how a taxpayer who claimed he had no taxable income was not only disputed by the Tax Court, but was assessed fines for wasting its time.

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  • Social Security update

    February 2014
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 221

    Abstract: This article provides the 2014 inflation adjustments that have been announced for the various Social Security amounts and thresholds.

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  • Retirement plan review

    February 2014
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 331

    Abstract: Retirement plan savings (e.g., qualified plans and IRAs) are important to one’s financial well-being for many reasons. They allow one to accumulate income without currently paying tax, and the power of compounding pretax dollars makes a retirement plan one of the most powerful investment vehicles available. Therefore, it is important to do everything possible to get the most out of one of the best investment opportunities available. This article lists information to consider when conducting a review of retirement plans.

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