January

Showing 33–48 of 49 results

  • IRS grants tax relief to drought-stricken farmers and ranchers

    January 2015
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 314

    Abstract: The IRS has extended the time to replace livestock that farmers were forced to sell due to recent drought. This may help some farmers defer tax on any gains they received from the forced sales. This article lists eligibility requirements.

    Read More

  • Tax calendar

    January 2015
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 508

    Abstract: With a new year comes pending tax filing deadlines. This article lists important filing requirements and their deadlines for the first three months of 2015.

    Read More

  • Retirement contribution limitations for 2015

    January 2015
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 328

    Abstract: This article describes IRS cost-of-living adjustments affecting the dollar limitations for retirement plan contributions. Several of the limitations are higher for 2015 because the increase in the cost-of-living index met the statutory threshold. However, some limitations did not meet that threshold and remain unchanged from 2015.

    Read More

  • Taxability of rewards programs

    January 2015
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 515

    Abstract: The IRS has long held that it won’t assert that someone has taxable income merely because they personally benefited from frequent flyer miles or other in-kind promotional benefits resulting from their business or official travel. But what if the miles are an award for opening a bank account? This article describes a Tax Court case in which the taxpayer discovered that the reason for being awarded benefits is significant.

    Read More

  • Structuring a tax-free incorporation

    January 2014
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 299

    Abstract: When forming a corporate entity, one method of capitalization is through a tax-free (actually, tax-deferred) exchange. Properly transferring property to a corporation delays the recognition of any gain on that property until a taxable event occurs. This article lists four requirements for a tax-free incorporation.

    Read More

  • Additional 0.9% Medicare tax

    January 2014
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 676

    Abstract: Individuals must pay an additional 0.9% Medicare tax on earned income above certain thresholds. This article explains those thresholds and how the tax applies at different income levels depending on the employee’s marital and filing status. It also discusses the effect on self-employed individuals. A sidebar illustrates how the tax works by looking at the case of “Josh and Anna,” whose individual incomes fall below the tax’s threshold, but whose combined income exceeds it.

    Read More

  • IRS modifies FSA use-it-or-lose-it rule

    January 2014
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 132

    Abstract: Although Health Flexible Spending Account (FSA) contributions left over at the end of a plan year are forfeited to the employer under the “use-it-or-lose-it rule,” this brief article notes that the IRS has softened the rule.

    Read More

  • 2014 Social Security wage base

    January 2014
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 136

    Abstract: This brief article notes a change to the wage base for computing Social Security tax for 2014.

    Read More

  • Tax calendar

    January 2014
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 482

    Abstract: This tax calendar lists January-March deadlines for filing certain individual and business tax documents, along with descriptions of the necessary procedures.

    Read More

  • Life insurance as a source of funds for the terminally ill

    January 2014
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 536

    Abstract: Although insurance policies have historically been held for the death benefits, some policies now include an accelerated death benefit (or living benefit) rider. Where accelerated death benefits are not an option, it may be possible to sell the life insurance policy to a viatical settlement provider. Either way, individuals can secure some much-needed cash while they are still living. Better yet, the proceeds will usually be tax-free. This article explores both options.

    Read More

  • Retirement contribution and other limitations for 2013

    January 2013
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 384

    Abstract: The IRS has announced cost-of-living adjustments affecting the dollar limitations for retirement plans, deductions and other items. Several of the limitations are higher for 2013 because the increase in the cost-of-living index met the statutory threshold. However, some limitations did not meet that threshold and remain unchanged from 2012. This article describes some of the details.

    Read More

  • Business deduction for Medicare insurance premiums

    January 2013
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 86

    Abstract: This brief article notes who can deduct premiums paid for qualified health insurance in computing their adjusted gross income (AGI) and whether certain Medicare premiums count for this rule.

    Read More

  • Filing status implications

    January 2013
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 428

    Abstract: For married taxpayers, the implications of filing a joint or separate return extend beyond tax rates and the standard deduction. Like many aspects of income taxation, there is usually more than one approach to finding the optimal solution. This article lists some of the more common implications of filing either a joint or separate return.

    Read More

  • Tax calendar

    January 2013
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 307

    Abstract: This article lists deadlines for filing certain tax documents, along with descriptions of the necessary procedures.

    Read More

  • Deducting home mortgage interest

    January 2013
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 589

    Abstract: The political debate on federal tax reform touches many topics, including the tax deduction for interest on home mortgage loans. This article reviews federal law on deducting residential mortgage loan interest. It discusses interest paid on qualified residence debt and what constitutes a “qualified residence.” It also offers a planning tip for taxpayers with more than two homes.

    Read More

  • Receiving Social Security benefits before full retirement age

    January 2012
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 562

    Abstract: A fully insured individual can start receiving Social Security retirement benefits as early as age 62. However, the full benefit will be permanently reduced for each month before the individual reaches his or her full benefit retirement age. This article offers two hypothetical examples of how this works: one discussing the difference in benefits between the two dates, and the other showing how a retired spouse’s benefits increase when his or her mate retires.

    Read More