TXI
Showing 321–336 of 384 results
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Global positioning – Planning helps avoid international tax surprises
September / October 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 1140
Abstract: Technological advancements have made global markets accessible to even the smallest businesses. But this doesn’t mean doing business internationally is easy. In fact, it’s a complex process that requires a company to establish the necessary infrastructure, develop an understanding of foreign cultures, and prepare for a new tax environment. But careful tax planning can help businesses set up international operations in a manner that minimizes worldwide taxes and maximizes cash flow. This article looks at corporate structure, income tax withholding and credits, and indirect taxes, while a sidebar discusses the interest charge–domestic international sales corporation (IC-DISC).
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Tax Tips – Expense it! – Health care help for small businesses – Will your taxes be higher in 2011?
July / August 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 462
Abstract: This issue’s “Tax Tips” briefly discusses the extension of the Section 179 expensing election, a new tax credit for small businesses purchasing group health coverage, possible upcoming tax rate increases, and a variety of tax breaks that Congress may extend.
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Refinancing? Know the tax rules
July / August 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 607
Abstract: A basic understanding of tax rules when refinancing a mortgage can help borrowers make the most of interest deductions and avoid tax surprises. Issues to consider involve whether one does a straight replacement loan or a cash-out refinancing, and how “points” are deducted under different circumstances.
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Planning necessary to bequeath a retirement plan
July / August 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 860
Abstract: For those who have had the good fortune to leave their retirement funds untouched, there’s at least one upside to estate planning: the fact that they can share their considerable tax-deferred wealth with family members. But who should be the beneficiary? Before making a decision, it’s important to consider the income and estate tax implications of one’s choice.
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Get ready, get set, hire! – Jobs bill offers tax incentives for hiring (and keeping) the unemployed
July / August 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 865
Abstract: The Hiring Incentives to Restore Employment (HIRE) Act offers payroll tax breaks for employers that hire unemployed workers, plus additional credits for qualified workers they retain for at least 52 consecutive weeks. It also extends the enhanced Section 179 expensing allowance and makes several other tax changes. This article looks at the details, while a sidebar examines whether it’s better to take this act’s payroll tax exemption or a Work Opportunity Tax Credit.
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Tax Tips – Have you reviewed your estate plan? – Courts give LLCs a boost – Now’s the time to restructure loans
May / June 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 473
Abstract: This issue’s “Tax Tips” briefly discusses the importance of reviewing one’s estate plan in view of present uncertainty regarding estate tax law; recent court rulings in regard to whether limited liability companies (LLCs) can offset business losses against active income; and why now may be a good time to restructure a loan.
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Making sense of multistate taxation
May / June 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 545
Abstract: To trigger a state’s income or sales and use taxes, a business must have a substantial connection — or nexus — with that state. Historically, that meant a physical presence in the state. But, in today’s digital age, most companies — even small ones — do business beyond their state’s borders, and cash-starved states are eyeing out-of-state businesses as potential revenue sources. Ever-changing rules regarding what constitutes nexus increase the risk that multiple states will attempt to tax the same income. Congress might act to establish uniform standards, but, in the meantime, it’s important that businesses review their activities in each state for potential tax liability.
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Cause and effect – The estate tax repeal also modifies carryover basis rules
May / June 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 799
Abstract: How a person transfers assets can affect the recipient’s income tax liability because of the basis he or she receives. Basis is the cost associated with an asset — and, from an estate planning perspective, it’s important because it affects the amount of taxable gain or loss a beneficiary will realize should he or she sell the asset. But the 2010 estate tax repeal has temporarily modified the carryover basis rules. So is this the best time to transfer appreciated assets? The answer is that every person’s situation is unique.
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The Roth IRA: Should you convert?
May / June 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 1119
Abstract: Starting in 2010 anyone, regardless of income, can convert a traditional IRA to a Roth IRA. But even though this may present a golden opportunity for many taxpayers, it’s not right for everyone. From an income tax perspective, whether it makes sense to convert to a Roth IRA depends on whether the taxpayer is better off paying the tax now or later. It also depends on whether one needs to tap their IRA funds during retirement for living expenses; if not, Roth IRAs can make ideal estate planning vehicles. A sidebar lists several specific factors that may indicate whether one should or should not make the conversion.
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Tax Tips – Much ado about NOLs – A 100% tax-free IRA? – Keep a close eye on the estate tax
March / April 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 461
Abstract: In this issue’s “Tax Tips,” we briefly look at the 2009 extension of the net operating loss carryback period; an essentially 100% tax-free IRA; and an update on possible estate tax legislation.
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When can you write off bad business debts?
March / April 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 481
Abstract: The tax deduction for business bad debts is among the most widely misunderstood provisions in the tax code. Many business owners mistakenly believe that one can take a bad debt deduction any time an account receivable or other obligation becomes uncollectible. This article reviews the circumstances under which it’s possible to write off bad debts.
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Home is where the tax savings are – How joint home purchases can reduce estate taxes
March / April 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 918
Abstract: When buying a home, the first financial consideration many people think of are the income tax benefits. But there are other important tax-saving opportunities that should be considered. This article explores one strategy — which is buying a home jointly with a family member — and how it can remove the home’s value from one’s taxable estate.
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Don’t lose out on rental real estate losses
March / April 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 947
Abstract: If a person owns rental properties, there’s a good chance at least one of them is generating a loss. But the passive activity loss (PAL) rules can make it difficult to deduct those losses. If rental real estate is a significant activity, it pays to review the situation to determine whether one meets the IRS’s definition of “real estate professional.” This article explains some of the circumstances in which one may qualify and how it might be possible to convert passive losses into nonpassive losses, creating substantial tax benefits.
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Tax Tips – Year of the Roth – Watch out for shareholder loans – Can you deduct job search expenses?
January / February 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 441
Abstract: In this article, we briefly look at Roth IRA conversions, shareholder loans and the deductibility of certain job expenses.
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Until death … Postmortem strategies to reduce estate taxes
January / February 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 1099
Abstract: Many people worry about not having an estate plan or having one that isn’t meeting all of their objectives. With ever-changing estate tax laws and the possibility that other unexpected situations may arise, it’s not unusual to be concerned about the strength of one’s estate plan. But one shouldn’t worry too much. This article offers a number of strategies a surviving spouse, executor or beneficiaries can implement after a loved one’s death.
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Extra credit – Do your homework on the Work Opportunity tax credit
January / February 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 643
Abstract: In today’s tough economy, every dollar counts. But many businesses lose out on thousands of dollars in tax savings every year by failing to claim tax credits to which they’re entitled. One such overlooked credit is the Work Opportunity tax credit (WOTC). This article explains what the credit entails, which employees are eligible and more.