Tax & Business Alert
Showing 577–592 of 664 results
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Deciding when to start receiving Social Security benefits
November 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 980
Abstract: As one approaches retirement age, it’s necessary to decide whether to begin taking reduced Social Security benefits early or wait until the full benefit retirement age (FBRA), or even later. This article lists those factors that may favor receiving the benefits early vs. those that may indicate it’s better to wait until the FBRA or even later.
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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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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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2014 HSA amounts
August 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 279
Abstract: Health Savings Accounts (HSAs) were created as a tax-favored framework to provide health care benefits mainly for small business owners, the self-employed, and employees of small to medium-size companies who do not have access to health insurance. This article discusses the tax benefits of HSAs, which are quite substantial.
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Employing a business owner’s children
August 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 695
Abstract: One unique aspect of owning a business is the ability to hire one’s children. Whether doing so makes sense is more than a business decision. For the children, the answer depends a great deal on one’s intentions for passing the business to future generations, the child’s interest and aptitude, and feelings about how much a parent should “help” a child and how much they should “make it on their own.” However, some real benefits are available when employing children. This article discusses the tax benefits available, as well the opportunity to invest long-term on the children’s behalf.
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The Affordable Care Act
August 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 992
Abstract: The Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act of 2010 (together, the Affordable Care Act), was landmark legislation that dramatically affects how health care is delivered in the United States. Provisions of the legislation affect not only those directly involved in providing health care, but also most individuals and employers. This article explains provisions of the Act as it affects individuals and employers. It also discusses available subsidies, as well as an upcoming excise tax on so-called “Cadillac” plans.
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Residential energy credit
July 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 308
Abstract: One way to control the cost of home energy use is to make one’s home more energy efficient. Better still when those energy-saving improvements qualify for a federal tax credit. The Nonbusiness Energy Property credit (Residential Energy credit) has been available since 2006 and was recently extended through 2013. This article explains what the credit covers.
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Tax impact of investment strategies
July 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 433
Abstract: Higher 2013 income and capital gains rates and the new 3.8% net investment income tax may cause high-income investors to reexamine their investment strategy. The type of account, taxable or tax-deferred (for example, qualified retirement plan), could affect the investment strategy in a number of ways. This article lists strategies for both tax-deferred and taxable accounts, and notes where to hold fixed-income investments and where to hold equity investments.
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New in-plan Roth rollover provision
July 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 156
Abstract: A provision in the American Taxpayer Relief Act of 2012 permits an individual to transfer any portion of their balance in an employer-sponsored tax-deferred retirement plan account into a Roth IRA account under that plan. This brief article notes some caveats, though.
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Tax calendar
July 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 209
Abstract: This article lists third-quarter deadlines for filing certain tax documents, along with descriptions of the necessary procedures.