TXI
Showing 97–112 of 384 results
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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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Tax Tips – Helping employees pay down student loan debt
July / August 2019
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 407
Abstract: These brief tips explain guidance the IRS provided to one employer regarding paying down employees’ student debt; explore the concept of “upstream” estate planning; and detail overlooked charitable deductions.
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The GST tax and your estate plan: What you need to know
July / August 2019
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 565
Abstract: The Tax Cuts and Jobs Act doubled the generation-skipping transfer (GST) tax exemption to $10 million beginning last year. The exemption is adjusted annually for inflation. (For 2019, the exemption amount is $11.4 million.) However, even though most families won’t be affected by the GST tax, it’s important to note that, beginning in 2026, the GST tax exemption is scheduled to return to a pre-TCJA level of $5 million. This article defines the GST tax and explains potential allocation pitfalls.
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Income tax withholding – Examine your withholding allowances today
July / August 2019
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 604
Abstract: Even if a person claimed an appropriate number of withholding allowances on Form W-4, there’s no guarantee that the total withholdings will match one’s tax liability for the year. Many people learned this lesson the hard way during the 2018 tax filing season, receiving smaller refunds than expected or even owing the IRS more taxes. This article explains the problem with withholding tables and discusses how to avoid surprises next year.
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Partnerships: If you’re audited, will you be ready?
July / August 2019
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 904
Abstract: The Bipartisan Budget Act of 2015 established a new “centralized audit” regime for partnerships, including LLCs taxed as partnerships. Although the new audit rules apply to partnership tax returns for tax years beginning after 2017, the IRS didn’t finalize regulations on these rules until December 2018. This article reviews the new audit rules and discusses steps partnerships should take if they’re audited.
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Tax Tips – Hang on to your passport
May / June 2019
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 437
Abstract: These brief tips explain steps to take to hold on to a passport when one has seriously delinquent tax debt; detail the benefits of a cash balance retirement plan; and discuss why having a formula-funding clause in an estate plan can unintentionally disinherit a spouse.
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When can you deduct business meals?
May / June 2019
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 579
Abstract: The Tax Cuts and Jobs Act eliminated most tax deductions for business-related entertainment, beginning in 2018. It also created confusion over the continued deductibility of business meals. Late last year, the IRS issued a notice clarifying that taxpayers may continue to deduct 50% of eligible business meal expenses and providing temporary guidance on the subject. This article details a five-point test to determine whether business meal expenses are deductible.
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Estate planning and business succession planning – The lines blur when a family business comes into play
May / June 2019
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 633
Abstract: For many business owners, estate planning and succession planning go hand in hand. An owner of a closely held business likely has a significant portion of his or her wealth tied up in the business. Without proper estate planning steps to ensure that the business lives on after the owner has gone, his or her family may be placed at risk. This article explains the unique challenges presented by family businesses when older and younger generations may have conflicting financial needs.
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The “backdoor” Roth IRA remains open
May / June 2019
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 875
Abstract: The Roth IRA is an attractive savings vehicle, offering tax-free retirement income and other significant benefits. Unfortunately, income limitations prevent many people from contributing to these accounts. But even if one can’t contribute directly, there’s no limit on converting a traditional IRA into a Roth. This “backdoor Roth IRA” strategy allows anyone, regardless of income, to enjoy a Roth IRA’s benefits. This article examines how a backdoor Roth IRA works. A brief sidebar explains the aggregation rule.