September
Showing 33–48 of 50 results
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Supreme Court legalizes same-sex marriages in all states
September 2015
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 367
Abstract: In late June, the Supreme Court determined that same-sex couples can exercise the fundamental right to marry in all states and that there is no lawful basis for a state to refuse to recognize a lawful same-sex marriage performed in another state. This article describes the decision’s impact on many same-sex couples in regard to state taxation, estate planning, and a wide variety of legal rights. However, it notes that the ruling doesn’t apply to forms of same-sex partnerships other than legal marriage.
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Planning to avoid or minimize the 3.8% net investment income tax
September 2015
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 608
Abstract: The net investment income tax, or NIIT, is a 3.8% surtax on investment income collected from higher-income individuals. It first took effect in 2013. This article explains the NIIT’s basics, how to determine exposure to it, and strategies for avoiding or minimizing such exposure.
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Maximizing FDIC insurance coverage of bank deposits
September 2015
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 569
Abstract: The FDIC has provided deposit insurance coverage to depositors of insured banks since 1933. This protection is especially important to those investors who tend to be invested heavily in cash and who are dependent on these accounts to cover living expenses. This article discusses the types of deposits protected, the amount of coverage available, and maximization of FDIC insurance coverage.
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Boosting retirement savings with a one-person 401(k) plan
September 2015
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 405
Abstract: One-person 401(k) plans can provide a valuable source of retirement savings for successful entrepreneurs. This article offers an example of how such a plan works, while noting the role of a standard 401(k) for other employees.
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Weddings mean tax changes
September 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 299
Abstract: There are important tax issues created by a marriage that warrant some prompt attention following the wedding. This article notes, in particular, changes in name, address, tax withholding, filing status and other circumstances.
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Small business resources
September 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 474
Abstract: This article offers small business owners a list of organizations that may have tools, information, and other resources to help their business grow.
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Paying partnership expenses
September 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 146
Abstract: This article describes when a partner may be able to deduct certain partnership expenses as trade or business expenses on his or her personal return.
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Unneeded life insurance policies could be a significant source of cash
September 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 272
Abstract: Circumstances change and sometimes people find that they no longer need, or perhaps can no longer afford, life insurance policies that were taken out several years ago. This article explains why selling a policy can sometimes net the policyholder a sufficient sum that’s far in excess of a whole life policy’s cash surrender value or a term policy’s unearned premium.
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Deducting medically necessary home improvements
September 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 202
Abstract: Certain home improvements made to accommodate a disabled condition do not usually increase the value of the home, and the cost can be included in full as deductible medical expenses. This article lists a number of such improvements.
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Identifying charities eligible to receive tax deductible contributions
September 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 571
Abstract: Those who are counting on a federal income tax deduction for donating to a charity should confirm that the charity has been approved by the IRS as a tax-exempt organization eligible to receive deductible contributions. This article offers step-by-step instructions for doing so via the IRS’s “Exempt Organizations Select Check” tool.
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Is my gift taxable?
September 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 315
Abstract: This article reviews some basic information on the annual gift tax exclusion. It notes the current exclusion amount and the circumstances under which the gift tax does and does not apply.
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The 3.8% net investment income tax — More than meets the eye
September 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 723
Abstract: There’s a lot for taxpayers to know when it comes to the 3.8% net investment income tax (NIIT). This new tax is imposed on income from several sources and its impact is far reaching. This article discusses those sources, along with income types that are not subject to the NIIT, and explains the income thresholds that can apply to different kinds of tax filers.
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Business tax breaks
September 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 234
Abstract: Several favorable business tax provisions have a limited term life that may dictate taking action between now and year end. This article discusses two such provisions: the Section 179 deduction and 50% first-year bonus depreciation.
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Partial restoration of lost Social Security benefits
September 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 479
Abstract: If one begins receiving Social Security retirement benefits prior to reaching his or her full benefit retirement age, benefits will be reduced when income exceeds a certain threshold ($15,120 in 2013). However, those lost benefits are partially restored upon reaching full retirement age. This is known as the adjustment to the reduction factor. This article offers an example showing how the adjustment works.
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Asset protection characteristics of LLCs
September 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 401
Abstract: Limited liability companies (LLCs) offer the personal financial protection equivalent to that provided by corporations. This means that members of an LLC generally are not liable for its debts or liabilities. But if the LLC fails to file articles of organization, state law may provide that the conduct of business activity causes the persons acting through the LLC (the LLC members) to lose their liability protection. This article examines the liability and asset protection characteristics of LLCs.
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Cash management strategies for a secure retirement
September 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 554
Abstract: How much does it take to live comfortably during retirement? Unfortunately, there is no one-size-fits-all answer; everyone has different goals and objectives. However, this article lists some ideas to help build that retirement nest egg, including forced savings, allocating less to other parts of one’s financial plan, and using a reverse mortgage.