TXI

Showing 17–32 of 320 results

  • Tax Tips

    July / August 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 330

    Abstract: These brief tips explain why now is an ideal time to give to charity; detail the tax breaks the CARES Act provides for employer student loan repayments; and answers the question of whether employers should reimburse their employees’ remote work expenses.

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  • A silver lining – Current conditions are favorable for cost-effective wealth transfers

    July / August 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 511

    Abstract: The ongoing novel coronavirus (COVID-19) pandemic has taken a terrible toll on the economy. But the current low-interest-rate environment coupled with depressed asset values means that now may be a good time to transfer wealth to a person’s children and grandchildren. This article details the benefits of making gifts during the current economic conditions.

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  • How does the CARES Act affect your retirement accounts?

    July / August 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 625

    Abstract: As individuals continue to deal with the impact of the novel coronavirus (COVID-19) pandemic, the Coronavirus Aid, Relief and Economic Security (CARES) Act contains some retirement-related provisions to help ease the financial pain. This article details three of the main retirement-related provisions.

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  • The CARES Act offers tax relief for businesses

    July / August 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1031

    Abstract: When it was signed into law in late March, the Coronavirus Aid, Relief and Economic Security (CARES) Act was the largest stimulus package in U.S. history. The law contains numerous provisions designed to help mitigate the economic impact of the novel coronavirus (COVID-19) pandemic, including welcome tax relief for businesses that is potentially relevant for all of 2020 and, in some cases, for past or future years, too. This article reviews the CARES Act’s provisions on net operating losses, business interest deductions and qualified investment property. A brief sidebar highlights payroll tax deferral and employee retention credit under the CARES Act.

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  • Tax Tips

    May / June 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 417

    Abstract: These brief tips explain the benefits of the temporary gift tax break; detail the reasons to commission a cost segregation study; and show how to identify audit red flags.

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  • An estate plan benefits you and your family

    May / June 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 558

    Abstract: Quick question: Who needs an estate plan? The answer isn’t only the affluent; it’s everyone. While gift and estate tax liability isn’t an issue for most folks, most families can benefit from a comprehensive plan that divides their wealth, protects their well-being and provides a compass for the future. This article explores how a comprehensive estate plan can benefit your family.

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  • Is your business a tax shelter?

    May / June 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 561

    Abstract: Most people, when they hear the term “tax shelter,” imagine a tax-avoidance scheme of questionable legality. But while some tax shelters operate in legal grey areas, more often than not they involve legitimate tax-saving strategies. This article explains that, surprisingly, many ordinary businesses meet the broad definition of a tax shelter, a classification that can have negative tax consequences.

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  • The SECURE Act – Understand the retirement and estate planning implications

    May / June 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 943

    Abstract: For those who have significant savings set aside in an IRA, 401(k) plan or similar account, the Setting Every Community Up for Retirement Enhancement (SECURE) Act likely alters their retirement and estate planning strategies. This article details the highlights of the SECURE Act. A sidebar explains how the SECURE Act affects employers.

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  • Tax Tips

    March / April 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 451

    Abstract: These brief tips detail the reasons why it’s wise for businesses to revisit their sales tax obligations; explain the benefits of forgiving intrafamily loans; and detail why it’s important to carefully structure transactions between related businesses.

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  • How to avoid tax scams

    March / April 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 556

    Abstract: When there’s money involved, scam artists seem to come out of the woodwork, and tax season is no exception. Fortunately, by becoming familiar with common tax scams and understanding what the IRS will and will not do, it’s easy to avoid them. This article explores several tax scams and explains what taxpayers can do if they feel they’ve been the target of a scam.

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  • Do you own a closely held family business? Sec. 6166 may help ease the sting of estate taxes

    March / April 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 608

    Abstract: Assets such as an illiquid closely held business can pose unique estate planning challenges. Indeed, even with the gift and estate exemption amount at an inflation-adjusted $11.58 million for 2020, these taxes can continue to be burdensome if a family has a significant amount of wealth tied to a family business. This article explains how Internal Revenue Code Section 6166 can provide some tax relief.

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  • The proper care and feeding of your S corporation – Diligence required to avoid inadvertent termination and loss of tax benefits

    March / April 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 900

    Abstract: The S corporation continues to be a popular entity choice, combining the liability protection of a corporation with many of the tax benefits of a partnership. But these benefits come at a price: S corporations must comply with strict requirements that limit the number and type of shareholders, prohibit complex capital structures, and impose other restrictions. This article explains the requirements and advantages of an S corporation status and what needs to be done to avoid S corporation termination. A sidebar details IRS guidance on relief from an S corporation being inadvertently terminated.

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  • Tax Tips

    January / February 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 448

    Abstract: These brief tips explain the tax implications of owning virtual currency; explore the reasons some states are considering imposing gross receipts taxes; and detail how a Health Savings Account can benefit one’s estate plan.

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  • Keep future options open with powers of appointment

    January / February 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 455

    Abstract: The amount of flexibility one builds into an estate plan will go a long way toward how successful, ultimately, it is at carrying out their wishes after they’re gone. This article details how powers of appointment can increase estate planning flexibility.

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  • 5 tax-planning tips for retirees

    January / February 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 711

    Abstract: There’s a common misconception that, when one retires, their tax bills shrink, tax returns become simpler and tax planning is a thing of the past. That may be true for some, but many people find that the combination of Social Security, pensions and withdrawals from retirement savings increases their income in retirement and may even push them into a higher tax bracket. This article provides five tax-planning tips for retirees.

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  • “Small” is bigger than ever – Is your business eligible for expanded tax benefits?

    January / February 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 878

    Abstract: Small businesses enjoy several tax advantages that may allow them to reduce their tax bills, defer taxes and simplify the reporting process. Until recently, federal tax rules generally defined “small business” as one with average annual gross receipts of $5 million or less ($1 million or $10 million in some cases) for the three preceding tax years. But the Tax Cuts and Jobs Act (TCJA) increased the threshold to $25 million for tax years beginning after 2017. This article explains the benefits of being a “small” business. A sidebar explores the ins and outs of changing a business’s structure.

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