January / February
Showing 1–16 of 623 results
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Can kids use a Roth IRA? Yes!
January / February 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 327
Abstract: Parents may want to use Roth IRAs to help teach their kids about financial planning and saving for retirement. This short article looks at eligibility (children must have some earnings), contribution limits and rules about making withdrawals.
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If you have household help, you probably have tax obligations
January / February 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 585
Abstract: Families that employ nannies, housekeepers, health care assistants and other in-home employees need to be aware of their tax responsibilities. This article looks at the “nanny tax,” explaining that these employers don’t have to withhold federal income tax from paychecks, unless the worker asks them to. However, they may need to withhold FICA taxes and pay the employer’s share of FICA taxes, as well as FUTA.
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Tips for TIPS investors – Protecting your savings from rising inflation
January / February 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 612
Abstract: Although there’s nothing individuals can do about inflation, they can invest in Treasury Inflation-Protected Securities (TIPS). These low-risk Treasury bonds are designed to provide some inflation protection. This article explains how the value of TIPS is adjusted annually according to the consumer price index. It also warns against certain investment risks, such as underperformance when inflation is low.
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Spousal lifetime access trusts – How couples can lock in gift and estate tax exemptions
January / February 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 925
Abstract: Affluent married couples may want to take advantage of the record-high federal gift and estate tax exemption before it disappears, yet might not be ready to part with their wealth. This article explores an option in this situation: the spousal lifetime access trust (SLAT). SLATs allow couples to leverage the current exemption amount while retaining access to trust assets. A sidebar explains the mutually beneficial concept of “his and her” SLATs.
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How to apply Panduit factors in patent infringement cases
January / February 2023
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 416
Abstract: The U.S. District Court for the Eastern District of Tennessee recently denied a defendant’s attempt to exclude the opposing expert’s testimony. This article summarizes this ruling, which highlights how the Panduit factors are used to determine lost profit damages in patent infringement cases. Xodus Medical, Inc. v. Prime Medical, LLC, No. 18-cv-00414 (E.D. Tenn. Dec. 16, 2021). Panduit Corp. v. Stahlin Bros. Fibre Works, Inc., 575 F.2d 1152, 197 USPQ 726 (6th Cir.1978).
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Forced buyout: Court opts for modified liquidation value
January / February 2023
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 545
Abstract: The Michigan Court of Appeals has issued a ruling in a 15-year legal battle over a forced buyout that’s bounced back and forth between the trial and appellate courts. This article discusses the reasons the appellate court affirmed the “modified liquidation value” that the lower court assigned to the family-owned holding company — even though the valuation didn’t account for certain assets and included liquidation expenses. Pitsch v. Pitsch Holding Co., No. 356184 (Mich. App. May 12, 2022).
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Factoring external market conditions into a valuation
January / February 2023
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 619
Abstract: Outside forces — such as government regulation, global competition, interest rates, labor supply and tax policy — may influence an organization’s estimated value. This article discusses how valuators size up current and future economic conditions and synthesize them into a meaningful value estimate.
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In re International Supply Co. – Debtor fails insolvency tests for fraudulent transfers
January / February 2023
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 931
Abstract: Three insolvency tests are applied to determine whether a debtor’s pre-filing transfer can be rejected as fraudulent under federal bankruptcy law: the balance sheet, cash flow and adequacy of capital tests. This article summarizes a recent case that provides a primer on how financial experts apply these tests. The ruling clarifies that a debtor may be solvent under one test but ultimately be found insolvent. A sidebar explains how to avoid fraudulent transfer claims in estate planning. Stone v. Citizens Equity First Credit Union (In re Int’l Supply Co.), No. 17-08049 (Ill. Bankr. March 20, 2022).
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Tax Tips – Now may be the time for a Roth conversion
January / February 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 447
Abstract: These brief tips detail why the current economic environment may be an ideal time for a Roth conversion; explain why higher interest rates may be beneficial to certain estate planning vehicles; and report on why a business should carefully respond to a sales tax nexus inquiry letter.
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Consider the use of an ILIT to avoid estate tax
January / February 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 477
Abstract: Holding a life insurance policy can provide peace of mind if a person has concerns about loved ones’ financial well-being after his or her death. Whether the person “holds” the policy or a trust holds the policy can result in different tax outcomes. In short, if one is left holding the policy at death, its proceeds will be included in his or her taxable estate and may be subject to estate taxes. This article examines the option of creating an irrevocable life insurance trust (ILIT) to hold the policy.
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Section 179D – Congress enhances tax deduction for energy-efficient buildings
January / February 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 615
Abstract: The Inflation Reduction Act (IRA) significantly enhanced the Section 179D deduction for energy-efficient commercial building improvements placed in service after 2022. Among other things, the IRA nearly tripled the maximum deduction to $5 per square foot under certain circumstances and made it easier for improvements to qualify for the deduction. The IRA also expanded eligibility for the deduction to include real estate investment trusts (REITs) as well as designers of buildings owned by nonprofit organizations, religious organizations, tribal organizations, and nonprofit schools or universities. This article details the enhancement to Sec. 179D.
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Adopting a child? Tax benefits can help defray the cost
January / February 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 967
Abstract: The process of adopting a child is expensive. Although expenses are minimal for adoptions through the foster system, the cost of adopting a child through a private agency averages around $43,000 in the United States. Fortunately, there are tax benefits that can help offset some of the costs. This article details a tax credit for qualified adoption expense and an income exclusion for employer-provided adoption assistance. A sidebar explains the rules for adopting a child with special needs.
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Opinion vs. legal conclusion: Has your expert crossed the line?
January / February 2023
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 451
Abstract: The line between permissible expert opinion and impermissible legal or factual conclusions can sometimes be blurry under the Federal Rules of Evidence. It’s critical for lawyers and their expert witnesses to understand the distinction between an opinion that embraces an ultimate issue and one that offers a legal conclusion. This article provides examples that help clarify the rules. In re Columbia Pipeline Group, Inc. Merger Litigation, Cons. C.A. No. 2018-0484-JTL (Del. Ch. July 14, 2022).
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Financial experts play a key role in employment discrimination cases
January / February 2023
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 588
Abstract: Employment discrimination claims based on race, sex, age, religion and other characteristics continue to be a major concern for employers. This article highlights how financial experts can help the parties calculate and evaluate damages, as well as analyze the situation to prove or disprove discrimination.
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Use a multifaceted approach to tackle postacquisition disputes
January / February 2023
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 625
Abstract: In M&A transactions, disputes sometimes arise over contractual purchase price adjustments, representations and warranties, earnout provisions, or alleged misrepresentations by the seller. This article explains how determining liability and calculating damages in these disputes involves a combination of business valuation, forensic accounting and economic analysis techniques.
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Vectura Ltd. v. GlaxoSmithKline LLC – Reasonable royalty damages reflect built-in apportionment
January / February 2023
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 855
Abstract: Valuation experts commonly use the reasonable royalty method to measure damages in patent infringement cases. When a royalty base is the “entire market value,” an expert may apportion it among the product’s infringing and noninfringing components. But when reasonable royalty damages are based on a sufficiently comparable license, apportionment is often unnecessary. This article summarizes a recent Federal Circuit decision in which the court ruled that apportionment was already built into the expert’s model. A sidebar explains how the relief from royalty method works. Vectura Ltd. v. GlaxoSmithKline LLC, 981 F.3d 1030 (Fed. Cir. 2020).