October
Showing 49–56 of 56 results
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Converting a sole proprietorship to a limited liability company
October 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 442
Abstract: As sole proprietors, business owners enjoy the advantage of simplified income tax reporting, but sole proprietorship status can expose a business owner’s personal assets to the risks and liabilities of their business operation. To provide a broader protection from liability, state statutes generally allow a sole proprietor to conduct business as a limited liability company (LLC). This article explores the benefits of an LLC, but notes that a sole proprietor will need to weigh these against the initial legal and administrative costs of accomplishing the conversion.
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Retirement plan loans
October 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 252
Abstract: Those who are unable to borrow from a bank or other outside source may find that their qualified retirement plan is a good option. It’s also possible to benefit from resources in an IRA, but, as this article explains, there are caveats for both options.
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At-risk rules for a closely held corporation
October 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 308
Abstract: The at-risk rules may limit the amount of loss that can be deducted from investment in a closely held corporation. The amount of loss a corporation may recognize from an activity is limited to the amount that is at risk for that activity at the close of the tax year. This article explains what assets are included in the amount that’s at risk in an activity. It notes that these rules are not the only ones that may limit tax benefits from losses in a closely held corporation.
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Tax calendar
October 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 218
Abstract: This article looks at four tax deadlines for the final quarter of 2013.
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Fourth quarter tax planning
October 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 1048
Abstract: This article presents some tax planning ideas to aid in fourth quarter tax planning. It looks at bunching deductible expenditures; deferring income; timing investment gains and losses; and making charitable donations from an IRA.
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Noteworthy 2013 health care provisions
October 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 411
Abstract: The 2010 health care act included several significant tax changes. This article lists two provisions that could impact numerous taxpayers — the $2,500 cap on health care Flexible Spending Account contributions and a higher threshold for itemized medical expense deductions — and notes what to do to minimize them.
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Fringe benefit rules for 2% S corporation shareholders
October 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 548
Abstract: Employee fringe benefits paid on behalf of a 2% S corporation shareholder are subject to special rules. A 2% shareholder is one who owns more than 2% of the corporation’s outstanding stock on any day of the corporation’s tax year, considering direct and constructive ownership. This article explains which fringe benefits are subject to these special rules.
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College loan repayment plan application is simplified
October 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 96
Abstract: This brief article notes that federal college loan borrowers repaying their loans under the Income-Based Repayment plan are about to find that the process has gotten simpler.