September

Showing 1–16 of 46 results

  • Large unpaid tax bills could endanger your passport

    September 2022
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 241

    Abstract: When taxpayers have seriously delinquent tax debt (SDTD), they may face more than financial consequences. That is, the IRS may revoke or limit their passports. How is SDTD defined? In 2022, an unpaid tax bill becomes an SDTD when the assessed federal tax liability exceeds $55,000, adjusted for inflation.

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  • Business owners, divorce and the potential for fraud

    September 2022
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 406

    Abstract: Dividing a marital estate is rarely easy. But it’s made much harder if a divorcing spouse owns a private business and attempts to deflate profits or hide assets. Divorcing spouses — or their attorneys — who suspect this type of deception should engage a forensic accountant to investigate.

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  • Large cash business transactions must be reported to the IRS

    September 2022
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 483

    Abstract: When businesses receive large amounts of cash or cash equivalents, they may be required to report these transactions to the IRS. Specifically, a payment of more than $10,000 cash in one or more related transactions must be reported on a specific form. Although not all large cash payments are problematic, the goal is to help thwart illegal activities by making the source of the cash traceable.

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  • Offset nursing home costs with possible tax breaks

    September 2022
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 548

    Abstract: Long-term care — including nursing home care — is expensive. Generally, tax issues aren’t top of mind when someone enters a nursing home. But for those who pay the bills, there may be tax breaks that help offset the cost, such as the ability to deduct expenses that exceed a certain level. This article and a sidebar provide details.

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  • Safeguarding your critical documents

    September 2021
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 229

    Abstract: Every adult has a variety of critical documents that should be protected. This brief article discusses the importance of having a dependable safe or bank safe deposit box in which to store key documents and even cash in case of a major disaster.

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  • Energize tax savings with an EV credit

    September 2021
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 388

    Abstract: Electric vehicles (EVs) are increasing in popularity all the time, and more of them are qualifying for a federal tax credit. For example, the IRS added three more eligible models in July. This article discusses the definition of EVs for tax purposes as well as other important points about the credit.

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  • Which business website costs are deductible?

    September 2021
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 488

    Abstract: Every business needs a website, but it’s not always easy to determine which costs of running one are deductible. Fortunately, there are guidelines and even IRS guidance to follow. This article discusses both the hardware and software costs associated with a website.

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  • The current state of estate planning

    September 2021
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 571

    Abstract: Because of the current estate tax exemption amount ($11.7 million in 2021), many estates no longer need to be concerned with federal estate tax. As a result, more energy can be devoted to other aspects of estate planning. This article looks at important issues to still consider.

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  • Reporting a disaster’s effects on your financial statements

    September 2020
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 254

    Abstract: The COVID-19 pandemic has provided many lessons for business owners. One is how to report the impact of a disaster on a company’s financial statements. This brief article discusses two types of “subsequent events” that may need to be disclosed.

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  • College savings showdown: 529s vs. Roth IRAs

    September 2020
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 414

    Abstract: Many people assume that a 529 plan is the ideal college savings tool. But other vehicles can help parents save for college expenses — for example, the Roth IRA. This article compares key features of the two account types.

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  • Review your estate plan following a major shock

    September 2020
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 485

    Abstract: Generally, it’s recommended that individuals review their estate plans at year’s end. However, with a life shock as monumental as the COVID-19 pandemic, it might be a good idea to get an earlier start. This article provides examples of potential revisions and discusses wills and powers of attorney.

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  • AMT less “toothy” but may still take a bite

    September 2020
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 528

    Abstract: Although the Tax Cuts and Jobs Act took much of the “teeth” out of the AMT by raising the inflation-adjusted exemption, high-income earners (and even some middle-income earners) should still watch out for its bite. This article discusses the basic rules and the role of itemized deductions. A sidebar warns investors that capital gains can trigger the AMT.

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  • 4 types of information you need to prepare for disaster

    September 2019
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 270

    Abstract: When one reads the phrase “disaster prep,” bottled water and boarded-up windows may come to mind. But information is also a critical asset to have following a natural or manmade catastrophe. This article describes four specific types of information that everyone needs to keep on hand.

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  • How businesses can assess risk of worker misclassification

    September 2019
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 407

    Abstract: Classifying a worker as an independent contractor means an employer isn’t obligated to pay many payroll-related taxes. But doing so may also draw IRS scrutiny. This article discusses key factors and proactive measures in following the rules when it comes to independent contractors.

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  • Double up on tax benefits by donating appreciated artwork

    September 2019
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 482

    Abstract: From a tax perspective, appreciated artwork can make one of the best charitable gifts. It’s doubly beneficial because a taxpayer can both enjoy a tax deduction and avoid capital gains taxes one would owe from selling the property. This article explains the applicable requirements and provides tips on maximizing the deduction.

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  • The tax cost of divorce has risen for many

    September 2019
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 550

    Abstract: Anyone who’s divorced or in the process of divorcing needs to understand how the Tax Cuts and Jobs Act has changed the tax treatment of alimony. Unfortunately, for many couples, the news isn’t good — the tax cost of divorce has risen. This article delves into the details.

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