May

Showing 17–32 of 48 results

  • Foreign accounts call for specific reporting requirements

    May 2018
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 264

    Abstract: In an increasingly globalized society, many people choose to open offshore accounts to deposit a portion of their wealth. This article details how to disclose offshore accounts to the federal government and explains the penalties that can result from failing to do so.

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  • Get an early tax “refund” by adjusting your withholding

    May 2018
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 395

    Abstract: Everyone loves a juicy tax refund, but why wait to receive the money? By adjusting one’s withholding and/or estimated tax payments, a taxpayer can enjoy that money throughout the year. This article lists some circumstances under which adjustments are particularly advisable and explains how to make changes.

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  • Choosing between a calendar tax year and a fiscal tax year

    May 2018
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 489

    Abstract: Many business owners use a calendar year as their company’s tax year. But for some companies, choosing a fiscal tax year can make more sense. This article explores the differences.

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  • Do you have your own wealth management plan?

    May 2018
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 555

    Abstract: Everyone should have a wealth management plan. But taking a boilerplate approach could prevent you from achieving your specific goals. This article raises some key points to consider when devising a truly customized plan.

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  • Reviewing the innocent spouse relief rules

    May 2017
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 240

    Abstract: In certain cases, an “innocent” spouse can apply for relief from the responsibility of paying tax, interest and penalties arising from a spouse’s (or former spouse’s) improperly handled tax return. This brief article reviews the rules for potentially affected taxpayers.

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  • Watch out for IRD issues when inheriting money

    May 2017
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 491

    Abstract: Income in respect of a decedent (IRD) can create a surprisingly high tax bill for those who inherit property, especially substantial distributions from IRAs or retirement plans. This article discusses how IRD works and what taxpayers can do to claim an itemized deduction for estate taxes attributable to amounts reported as IRD.

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  • Viatical settlements: A funding mechanism for medical costs

    May 2017
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 406

    Abstract: Someone who’s terminally or chronically ill may lack the funds to cover significant medical costs. It may be possible, however, to sell insurance to a viatical settlement provider who will then arrange with an investor to buy the policy. This article explains how such “viatical settlements” work, including the tax impact.

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  • Could a cost segregation study save your company taxes?

    May 2017
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 550

    Abstract: Businesses that have acquired, constructed or substantially improved a building recently should consider a cost segregation study. One of these studies can enable the company to accelerate depreciation deductions, reducing taxes and boosting cash flow. This article explains how. A sidebar points out that a “look-back” study can review many previous years of tax filings for missed deductions.

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  • Need a do-over? Amend your tax return

    May 2016
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 221

    Abstract: Many taxpayers feel a sense of relief after filing their tax returns. But that feeling can turn sour if, soon after, one realizes that a key detail has been overlooked or additional information that should have been included in the return is received. This brief article covers the process of amending a tax return.

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  • Disclosure of foreign accounts: 4 facts about FATCA

    May 2016
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 392

    Abstract: The Foreign Account Tax Compliance Act (FATCA) requires certain U.S. taxpayers who have interests in “specified foreign financial assets” to provide information to the IRS. This article offers four facts about FATCA, such as which assets need to be reported and who might be exempt from the law’s requirements.

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  • Don’t forget depreciation breaks for your company’s real property

    May 2016
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 493

    Abstract: Business owners hear plenty about depreciation-related tax breaks. But, often, such discussions focus only on the tax benefits of buying assets such as heavy equipment, office furniture and computers. This article offers up a detailed reminder that the Internal Revenue Code also allows depreciation breaks for a company’s real property.

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  • Juggling family wealth management is no trick

    May 2016
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 553

    Abstract: Preserving and managing family wealth requires addressing a number of major issues. Juggling these competing demands is no trick. Rather, doing so requires a carefully thought-out family wealth management plan. This article describes many of the foundational aspects of such a strategy.

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  • IRA rollovers

    May 2015
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 281

    Abstract: An IRA rollover occurs when a taxpayer receives a distribution from one IRA and within 60 days deposits the assets into another IRA. This transfer to the receiving IRA is called a rollover contribution. A one-rollover-per-year rule used to apply on a per-IRA basis. However, starting in 2015, it applies to an individual’s IRAs in the aggregate. This article explains the details and why trustee-to-trustee transfers are preferable.

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  • Taxation of college financial aid

    May 2015
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 627

    Abstract: A variety of types of student financial aid are available: for example, scholarships, fellowships, grants, work-study arrangements and student loans. But the economic characteristics of financial aid, rather than how it is titled, will determine its taxability. This article explores tax law as it applies to the various forms of aid.

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  • Reporting a name change

    May 2015
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 121

    Abstract: The names on a tax return must match Social Security Administration records. This article explains what to do in the event of a name change.

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  • Filing 2014 foreign bank and financial account reports

    May 2015
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 267

    Abstract: The Bank Secrecy Act may require those who have a financial interest in or signature authority over a foreign financial account exceeding certain thresholds to report the account yearly to the IRS. This article explains the procedures for doing so.

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