July / August
Showing 97–112 of 616 results
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Factoring governing documents into the valuation equation
July / August 2020
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 424
Abstract: When valuing a business interest, it’s critical to examine organizational documents. This article explains how a business valuation expert reviews governing documents to assess the interest’s relative levels of control and marketability, as well as the cash flows the interest is entitled to receive.
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Financial statement adjustments are essential in business valuation
July / August 2020
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 552
Abstract: Under the income and market approaches, the value of a business is based on how much earnings it will generate in the future. Historical results are a helpful starting point, but they usually need to be adjusted when projecting future performance. This article highlights various types of adjustments that valuation experts consider and explains how the novel coronavirus (COVID-19) pandemic may require special consideration when valuing businesses going forward.
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How will financial reporting changes affect the valuation process?
July / August 2020
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 609
Abstract: The Financial Accounting Standards Board has issued several major updated accounting standards in recent years, and the implementation process is underway. This article summarizes the changes to revenue recognition, lease and credit loss rules — and how they might impact the process of valuing a private business.
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R.D. Clark & Sons – Tax-affecting debate continues
July / August 2020
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 843
Abstract: For decades, business valuation experts and the IRS have been at odds regarding the practice of “tax affecting” the earnings of pass-through entities. This article summarizes a recent Connecticut appellate court decision on this issue, which highlights both sides of the debate — and the importance of considering the facts of the specific case. A sidebar discusses an apparent softening of the U.S. Tax Court’s stance on this matter. R.D. Clark & Sons, 194 Conn. App. 690 (2019) Estate of Jones, TC Memo 2019-101, August 19, 2019 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
July / August 2020
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 330
Abstract: These brief tips explain why now is an ideal time to give to charity; detail the tax breaks the CARES Act provides for employer student loan repayments; and answers the question of whether employers should reimburse their employees’ remote work expenses.
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A silver lining – Current conditions are favorable for cost-effective wealth transfers
July / August 2020
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 511
Abstract: The ongoing novel coronavirus (COVID-19) pandemic has taken a terrible toll on the economy. But the current low-interest-rate environment coupled with depressed asset values means that now may be a good time to transfer wealth to a person’s children and grandchildren. This article details the benefits of making gifts during the current economic conditions.
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How does the CARES Act affect your retirement accounts?
July / August 2020
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 625
Abstract: As individuals continue to deal with the impact of the novel coronavirus (COVID-19) pandemic, the Coronavirus Aid, Relief and Economic Security (CARES) Act contains some retirement-related provisions to help ease the financial pain. This article details three of the main retirement-related provisions.
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The CARES Act offers tax relief for businesses
July / August 2020
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 1031
Abstract: When it was signed into law in late March, the Coronavirus Aid, Relief and Economic Security (CARES) Act was the largest stimulus package in U.S. history. The law contains numerous provisions designed to help mitigate the economic impact of the novel coronavirus (COVID-19) pandemic, including welcome tax relief for businesses that is potentially relevant for all of 2020 and, in some cases, for past or future years, too. This article reviews the CARES Act’s provisions on net operating losses, business interest deductions and qualified investment property. A brief sidebar highlights payroll tax deferral and employee retention credit under the CARES Act.
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The lowdown on the low-income housing credit
July / August 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 363
Abstract: While investments in Qualified Opportunity Zones (QOZs) are all the rage, the value of such investments can be further enhanced when combined with the low-income housing tax credit (LIHTC). And, with the economy suffering due to the novel coronavirus (COVID-19) pandemic, it’s possible the demand for affordable housing may soon be on the upswing. This short article highlights the benefits of the LIHTC and what real estate investors need to know.
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IRS finalizes QOZ regulations
July / August 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 770
Abstract: After issuing two earlier sets of proposed regulations for qualified opportunity zones (QOZs), the IRS has released final regulations. Taxpayers interested in deferring, reducing and even permanently excluding capital gains on their investments in QOZs will be particularly interested in certain changes the final regs make to the proposed regs. This article discusses the connection between QOZs and qualified opportunity funds (QOFs), and why understanding the final regulations is especially important for taxpayers who have already invested in QOFs.
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Ashkouri v. Commissioner – Developer’s marketing materials aren’t immediately deductible
July / August 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 795
Abstract: The proper timing of income tax deductions for expenses incurred by developers while researching projects can prove tricky. One developer recently learned the hard way that the costs of marketing materials aren’t necessarily immediately deductible — and may not be deductible at all if the outcome of the bidding process for a project isn’t sufficiently documented. This article reviews the case about what not to do when claiming tax deductions for researching projects. A short sidebar covers that taxpayer’s failure to adequately substantiate the related expenses. Ashkouri v. Comm’r, T.C. Memo. 2019-95 (Tax Ct. July 30, 2019)
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What you need to know about the CARES Act and QIPs
July / August 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 656
Abstract: Earlier this year, the Coronavirus Aid, Relief, and Economic Security (CARES) Act corrected a drafting error related to real estate qualified improvement property (QIP). The retroactive correction allows real property owners to depreciate QIP faster. This tax benefit may be especially welcome in light of the economic impact of the novel coronavirus (COVID-19) pandemic. This article covers what real estate professionals need to know.
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Estate Planning Red Flag – Your estate plan doesn’t treat your grandchildren equally
July / August 2020
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 294
Abstract: Many people, when planning their estates, simply divide their assets equally among their children. But “equal” doesn’t necessarily mean “fair.” It all depends on the family’s circumstances. This brief article explains that providing for grandchildren is one area where equal treatment can inadvertently result in unfairness.
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Roll with the changes – Your estate plan must evolve as you age
July / August 2020
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 727
Abstract: Regardless of the stage of life one is currently in, it’s important to bear in mind that an estate plan isn’t a static document. Reviewing and revising an estate plan is critical — because what’s important to individuals in their 20s or 30s likely will be different in their 60s or 70s. This article examines some general estate planning guidelines to follow as a person progresses through life.
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Estate planning during uncertain times
July / August 2020
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 623
Abstract: As people continue to grapple with the fallout from the novel coronavirus (COVID-19) pandemic, it’s important to consider the impact of the crisis on one’s retirement and estate plans. Few people are immune to the virus’s financial effects, but there are strategies available that can aid an individual’s recovery. This article details estate planning opportunities that are especially effective in the current environment, as well as relief available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
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Don’t overlook foreign assets when planning your estate
July / August 2020
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 990
Abstract: It’s somewhat surprising how often individuals fail to disclose foreign assets to their estate planning advisors. They assume that these assets aren’t relevant to their “U.S.” estate plans, so they’re not worth mentioning. But if a person owns real estate or other assets outside the United States, it’s critical to address these assets in his or her estate plan. This article examines red flags to be aware of when addressing foreign assets in an estate plan. A sidebar focuses on estate planning strategies for foreign citizens living in the United States.