March / April
Showing 49–64 of 616 results
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Are “calculations” of value admissible in court?
March / April 2022
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 440
Abstract: The development and reporting requirements for a calculation are generally far less stringent than those that apply to a valuation. However, budget-conscious clients may request a calculation rather than a full-blown valuation. This article summarizes a recent Arizona divorce case, which demonstrates that, while calculation reports aren’t necessarily inadmissible, caution still is warranted. Larchick v. Pollock, No. 19-0649 (Ariz. App. Sept. 2, 2021).
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Yaquinto v. Thompson St. Capital Partners – Bankruptcy trustee falls short on transfer challenge
March / April 2022
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 625
Abstract: In a recent fraudulent transfer case, flaws in the financial expert’s testimony proved to be a bankruptcy trustee’s Achilles’ heel. The trustee showed that the debtors transferred a property interest without receiving reasonably equivalent value. However, this article summarizes why the bankruptcy court concluded that the trustee didn’t meet his burden of proving the transfer was fraudulent. Yaquinto v. Thompson St. Capital Partners (In re Stone Panels, Inc.), No. 16-32856 (Bankr. N.D. Tex. Sept. 27, 2021).
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Using ESOPs to transfer ownership
March / April 2022
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 838
Abstract: An employee stock ownership plan (ESOP) can facilitate the transfer of a business to the owner’s children or employees over a period of years in a tax-advantaged way. This article discusses how ESOPs differ from management buyouts, explains why a business valuation is essential and describes the potential costs. A sidebar explains why a federal district court recently rejected the government’s valuation of an engineering firm’s ESOP. Walsh v. Bowers, No. 18-00155 (D. Hawaii Sept.17, 2021).
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How to combat supply chain fraud
March / April 2022
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 604
Abstract: Supply chains in many industries have been under unprecedented stress over the last two years. When stress runs high, internal controls may fail to adapt to operational changes, leading to increased opportunities for fraud. This article explains how a strong system of internal controls, including routine risk assessments, can help companies fortify their defenses.
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Estate Planning Red Flag – You haven’t reviewed your life insurance needs recently
March / April 2022
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 301
Abstract: Life insurance is a powerful tool for providing for one’s family in the event of a person’s untimely death. The amount of life insurance that’s right for an individual depends on his or her personal circumstances. This brief article explains why it’s critical to review life insurance needs regularly in light of changing circumstances.
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Think twice before splitting charitable bequests
March / April 2022
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 531
Abstract: When an individual leaves property to charity in his or her will or revocable trust, it’s reasonable to assume that it won’t be subject to estate tax. After all, the charitable estate tax deduction excludes the value of donated property from the estate. This article explains that if one splits a charitable bequest of property among two or more charities, his or her heirs may be in for an unpleasant tax surprise.
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To file or not to file a gift tax return, that is the question
March / April 2022
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 749
Abstract: Those who made gifts last year may be wondering if they need to file a gift tax return. The short answer is that there are many situations in which it’s necessary (or desirable) to file Form 709 — “United States Gift (and Generation-Skipping Transfer) Tax Return” — even if one isn’t liable for gift taxes. This article details the situations where gifts are considered nontaxable and explains a few tax traps to be aware of.
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GST taxes – Plan carefully to avoid surprises
March / April 2022
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 966
Abstract: Designed to ensure that wealth is taxed at each generational level, the generation-skipping transfer (GST) tax is among the harshest and most complex in the tax code. It’s also among the most misunderstood. For example, while the gift and estate tax exemption automatically protects eligible transfers of wealth, the GST tax exemption must be allocated to a transfer to shelter it from tax. This article explains how the GST tax works, lists three types of transfers that trigger GST tax and details automatic allocation traps. A brief sidebar explores how to properly use the GST tax exclusion.
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Stress testing – Does your portfolio pass the “what if” test?
March / April 2021
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 397
Abstract: To expose any potential weaknesses, investors might want to perform occasional “stress tests” on their investment portfolios. This short article lists some adverse — as well as several positive — financial scenarios that can affect portfolio performance.
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Repayment plans can ease the pain of student loan debt
March / April 2021
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 502
Abstract: These days, many student loan debtors are struggling to keep up with payments. But as this article explains, the federal government offers a variety of student loan repayment options, including graduated payment plans. There are also programs to help reduce monthly payments, such as the Revised Pay As You Earn plan.
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How to keep states from taxing you twice
March / April 2021
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 668
Abstract: Federal law doesn’t explicitly prohibit multiple states from attempting to collect tax on the same income. So people who live and work in more than one state and want to prevent double taxation may need to take action. This article explains the difference between domicile and residence and how establishing domicile in one state can minimize unnecessary taxes.
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To make your savings last, consider phased retirement
March / April 2021
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 895
Abstract: To help extend the life of their savings while easing some of the emotional strain associated with leaving the workforce, people approaching retirement age might want to consider phased retirement. This article outlines the strategy and its advantages — including deferral of RMDs and enhanced Social Security benefits. A sidebar discusses whether those aged 65 and older must enroll in Medicare.
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Tax Tips – Using qualified small business stock to attract investors
March / April 2021
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 541
Abstract: These brief tips explain how qualified small business stock can help attract investors; detail proposed IRS regs related to the $10,000 limit on itemized deductions of state and local taxes (SALT); explore how making a “net gift” may reduce gift tax; and explain why hiring your children for your business can save taxes.
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A second marriage requires an estate plan review
March / April 2021
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 525
Abstract: Many people view a second marriage as a fresh start and a new chance at happiness. However, before taking another walk down the aisle, it’s critical to take the time to review and, if necessary, revise one’s estate plan. This article provides answers to three key questions one should consider when getting remarried.
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Tips for avoiding IRS penalties
March / April 2021
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 560
Abstract: Business owners who have been affected by the COVID-19 pandemic may be concerned about the ability to pay taxes on time or to pay a delinquent tax debt. Fortunately, it may be possible to obtain relief from harsh IRS penalties and other consequences of the tax collection process, provided action is taken soon. This article offers tips on how to avoid IRS penalties.
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Businesses provided a lifeline – CAA enhances PPP loans and extends Employee Retention Credit
March / April 2021
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 923
Abstract: The Consolidated Appropriations Act provides much needed stimulus and tax relief for businesses hard hit by the COVID-19 pandemic. This article examines two of the provisions that business owners likely will be most interested in: the $284 billion in funding for forgivable loans through the Paycheck Protection Program (PPP), for both first-time and so called “second-draw” borrowers, and the extension of the Employee Retention Credit.