TXI

Showing 273–288 of 312 results

  • Tax Tips – A boost for small business stock – Tax law changes that improve your cash flow – Checking out the manufacturers’ deduction – Consider generation-skipping trusts

    July / August 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 511

    Abstract: This article briefly looks at small business stock, strategies to enhance cash flow, the domestic production activities deduction, and generation-skipping and dynasty trusts.

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  • When are transportation expenses deductible?

    July / August 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 621

    Abstract: Most workers and employers know that you generally can’t deduct the cost of commuting between home and work — that’s considered a personal expense. But there are certain situations in which commuting costs are deductible as transportation expenses. This article explains what the IRS considers to be commuting and the tax benefits to employers and employees.

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  • Why there’s nothing shabby about a Crummey trust

    July / August 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1097

    Abstract: You probably know about the annual gift tax exclusion. It allows you to give up to $13,000 per year (the limit in 2009) tax free, to an unlimited number of people — and without using up any of your $1 million lifetime gift tax exemption. If you elect to split gifts with your spouse, you can give away up to $26,000 per recipient. What you may not know is that the annual gift tax exclusion is available only for gifts of a present interest. Contributions to a trust ordinarily don’t count, because a beneficiary’s interest in a trust is considered a future interest. But what if you want to take advantage of the annual gift tax exclusion without simply handing over the cash to your children or grandchildren? This article offers one solution: a carefully designed Crummey trust.

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  • Energy tax incentives – A conservation plan for your tax bill

    July / August 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1088

    Abstract: Over the last few years, Congress has created a variety of tax incentives for individuals and businesses that invest in energy-efficient appliances, cars, equipment and buildings. This year’s stimulus bill — the American Recovery and Reinvestment Act of 2009 (ARRA) — expands many of these incentives and makes them even more valuable. But most of the energy tax breaks are temporary. So if you want to take advantage of them, begin planning now. This article explores tax breaks for individuals and businesses, including those related to home improvement and alternative energy. A sidebar warns that not every investment you make in energy-saving products and materials will necessarily qualify for a tax break.

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  • Tax tips – Grab valuation discounts while they last – Study up on 529 plans – Expanded hiring benefit

    May / June 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 471

    Abstract: News items briefly discussed are 529 plans, valuation discounts and an expanded benefit for those hiring unemployed veterans and “disconnected” youth.

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  • 3 ways to soften the blow of estate taxes

    May / June 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 585

    Abstract: Reports of the death of the federal estate tax have been greatly exaggerated. True, as of this writing, the estate tax is scheduled for repeal in 2010, but many experts expect Congress to “repeal the repeal” and preserve the tax. Because the estate tax appears to be here to stay, you and your family need to be aware of the tax-reducing strategies that can be implemented during one’s lifetime and even after one’s death. This article explains three postmortem moves an executor can make to reduce an estate’s tax bill.

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  • How to make the most (or least) of business losses

    May / June 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1353

    Abstract: There are many strategies for minimizing your company’s tax bill. Not earning enough income to cover your expenses — though effective — isn’t the best approach. But for a new company that hasn’t yet started turning a profit or a mature business being squeezed by a sluggish economy, losses happen. No one likes to lose money, but the tax code softens the blow somewhat by allowing you to use a net operating loss (NOL) to offset income in previous or future years. Carrying back an NOL can be particularly beneficial because it can provide you with an immediate tax refund at a time when you may need an infusion of cash. This article reviews tactics for when to claim an NOL and carry it forward or back.

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  • Looking for the silver lining – Tax planning in a troubled economy

    May / June 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1095

    Abstract: Times are tough all over. Real estate prices are depressed, credit is tight and the ups and downs of the stock market are enough to induce motion sickness. Fortunately, the cloud hanging over the economy has a silver lining: It’s an ideal time for tax and estate planning. This article looks at several strategies you can use to slash your income tax bill and minimize gift and estate taxes.

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  • Tax Tips – Accelerated depreciation for building improvements – Are you a trader or an investor? – Dipping into retirement savings comes at a high price

    March / April 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 564

    Abstract: News items briefly discussed are the accelerated depreciation for building improvements, determining trader status and dipping into retirement savings withdrawals.

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  • Stay tuned to tax law changes and reduce your tax bite

    March / April 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1189

    Abstract: With recent economic downturns and important pieces of tax legislation being passed over the past year, you may be wondering what changes you need to make now to protect yourself in the future. Keeping abreast of tax law changes and tax-saving strategies is one way you can protect your assets. This article looks at some key changes made from the new laws: the homebuyer tax break, charitable IRA rollovers and the sales tax deduction.

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  • Taking stock of your inventory accounting method

    March / April 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 685

    Abstract: If your business involves the production, purchase or sale of merchandise, inventory accounting can have a significant effect on your tax bill. In some cases, switching inventory accounting methods from first-in, first-out (FIFO) to last-in, first-out (LIFO) can reduce your taxable income, giving your cash flow a boost. This article reviews factors to consider with inventory accounting methods, including tax savings and the effect the change will have on financial statements.

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  • 5 common estate planning mistakes

    March / April 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1021

    Abstract: In today’s uncertain economic times, estate planning is more important than ever. A carefully crafted estate plan can help you provide for your family’s financial security at the lowest possible tax cost. This article explains five common estate planning mistakes to avoid.

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  • Tax Tips – Government incentives for business growth – 1099s – Municipal bonds

    January / February 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 474

    Abstract: News items briefly discussed are government incentives for business growth, the new law requiring processors of credit card transactions to file 1099s reporting a merchant’s annual gross payment card receipts, and municipal bonds.

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  • Succession story – Estate planning for family business owners

    January / February 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1132

    Abstract: Many families invest a lot of time, energy and resources into building successful businesses but pay little attention to how their companies will make the transition from one generation to the next. According to a 2008 study by Campden Research, Protecting the Family Fortune, a majority of affluent family business owners “are not implementing succession plans, don’t have asset protection strategies and are not updating estate plans, leaving their professional and personal interests vulnerable.” Failure to address succession is risky: According to the study, only 15% of family businesses survive past the second generation. To improve your odds and protect your family’s wealth, review this article for strategies to ensure your succession is successful and the tax impact is minimized.

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  • The home sale exclusion may be more limited than you think

    January / February 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 620

    Abstract: The capital gains tax exclusion for home sales may be the best-known provision in the tax code. But it’s also widely misunderstood. Many people assume they can sell their homes tax-free, but that’s not always the case. And a recent tax law change further limits the exclusion for certain sellers. This article looks at the eligibility requirements for the home sale exclusion so that homeowners don’t receive an unpleasant tax surprise when they go to sell their homes.

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  • Ensuring your business structure is the right one

    January / February 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1133

    Abstract: Selecting the right business structure — either C corporation, S corporation, limited liability company (LLC), partnership or sole proprietorship — for your business is a complex decision that requires you to consider a number of interrelated tax, liability and administrative factors. There’s no one right answer because it depends entirely on your circumstances, which may change over time. That’s why it’s essential to periodically review your business structure. This article focuses on some of the factors that will affect whether you keep your current structure or, if needed, elect a new one.

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