1019
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IRS targeting FLPs – Proposed regs endanger valuation discounts for family-controlled entities
January / February 2017
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 1019
Abstract: In August 2016, the IRS released its long-anticipated proposed regulations limiting the ability of family limited partnerships and other family-controlled entities to take advantage of valuation discounts. If the regulations are finalized as proposed, they’ll make it difficult, if not impossible, for these entities to use certain lapsing rights and liquidation restrictions to “devalue” interests for gift and estate tax purposes. This article details the proposed regs. A sidebar offers alternative estate planning strategies.
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The ABCs of valuation — Understanding the process
September / October 2008
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 1019
Abstract: Although each valuation may vary somewhat depending on an appraiser’s preferences as well as protocol and case requirements, most valuations follow an established set of steps. This article explains some of the basic steps of the valuation process, including defining the engagement, gathering relevant information and analyzing data. In addition, the article notes the importance of good verbal communication skills, breadth of experience and uncompromising objectivity. (Updated 11/30/12)
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Save while you wait — Net operating loss rules offer tax relief in uncertain economy
Fall 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 1019
Abstract: Some tax relief may be available for companies that suffer a net operating loss (NOL). This article describes a couple of options available in reporting the loss, along with the circumstances — for example, business structure, cash flow and tax rates — under which one or the other option might be a better choice. A sidebar looks at a couple of year end tax planning issues: 1) a tax credit for hiring veterans and 2) choosing between 50% bonus depreciation and the Section 179 expensing election.
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Accounting for financial instruments – Proposal foretells major impact on banks
Winter 2011
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 1019
Abstract: The Financial Accounting Standards Board (FASB) is considering proposed changes in accounting for financial instruments and plans to adopt final standards by June 2011. If adopted, the proposal — which calls for most financial instruments to be measured at fair value — would have a significant impact on the way banks account for loans, deposits and investments. It also would change the way banks measure credit impairment and calculate loan loss reserves. This article discusses some of the details, while a sidebar looks at FASB’s new credit risk and loan loss disclosure requirements.
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Help from HERA – Housing act could give industry a boost
January / February 2009
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 1019
Abstract: The Housing and Economic Recovery Act of 2008 (HERA) was designed to help shore up the United States’ shaky real estate market. Lawmakers crafted the bill with an eye toward bolstering home prices, stimulating home sales, and offering relief to borrowers facing foreclosure. This article describes some tax-related perks — and pitfalls — for strategy-minded investors. A sidebar explains how Freddie Mac and Fannie Mae may also benefit from HERA.