TXI

Showing 17–32 of 312 results

  • 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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  • Tax Tips – Case highlights state taxation of trust income

    November / December 2019
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 403

    Abstract: These brief tips detail a recent U.S. Supreme Court case highlighting state taxation of trust income; explain why now may be a good time to forgive intrafamily loans; and explore the benefits of deducting employee bonuses this year and paying them next year.

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  • 5 good reasons to turn down an inheritance

    November / December 2019
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 522

    Abstract: A person may use a qualified disclaimer to refuse a bequest from a loved one. Doing so will cause an asset to bypass his or her estate and go to the next beneficiary in line. This article examines five reasons a person may wish to turn down an inheritance.

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  • When it comes to taxes, getting married may cost you

    November / December 2019
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 714

    Abstract: One byproduct of the U.S. tax system, under which married couples file joint tax returns, is that marriage may produce a tax penalty or bonus, depending on a couple’s particular circumstances. In other words, when couples marry, their tax liability may be more or less than their individual tax liabilities combined. Using fictional examples, this article explains how getting married can affect your tax bill. A sidebar provides financial and estate planning steps to take if you’re getting remarried.

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  • The R&D credit: Are you leaving tax dollars on the table?

    November / December 2019
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 928

    Abstract: Federal and state research credits (often referred to as the “research and development,” “R&D” or “research and experimentation” credit) are among the most valuable tax incentives available today. But many businesses overlook these tax breaks because they mistakenly believe that they don’t qualify or wouldn’t benefit. In recent years, federal legislation has expanded the availability of the credit for many businesses. This article details the R&D credit and explains which companies are eligible for it. A sidebar explores how the Tax Cuts and Jobs Act changed research and development expensing.

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  • Tax Tips – Bonus depreciation for passenger automobiles

    September / October 2019
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 431

    Abstract: These brief tips explain bonus depreciation for automobiles; explore the tax implications of using a trust; and note the benefits of donating stock to charity.

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  • Filing a gift tax return regardless of whether it’s required may be a plus

    September / October 2019
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 573

    Abstract: It may be advantageous to file a gift tax return when transferring property to a family member, even when one isn’t required. If the return meets the IRS’s “adequate disclosure” requirements, the three-year statute of limitations clock starts. This article explains why filing a gift tax return can reduce future tax surprises and defines “adequate disclosure.”

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  • Take it or leave it? How to handle your 401(k) plan when you retire

    September / October 2019
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 627

    Abstract: A major decision for those who are newly retired, or planning on retiring soon, is deciding what to do with the savings accumulated in their company’s 401(k) plan. This article takes a look at various factors to consider before making a decision.

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  • Tax implications of equity-based compensation

    September / October 2019
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 877

    Abstract: Equity-based compensation is a powerful tool for attracting, retaining and motivating executives and other employees. By rewarding recipients for their contributions to a business’s success, it aligns their interests with those of the company and provides them with an incentive to stay. This article explores several equity-based compensation options. A sidebar explains how companies that aren’t prepared to share equity with employees can still enjoy the benefits of equity-based compensation.

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