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Estate tax uncertainty — Why you need to act soon
July / August 2012
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 1133
Abstract: It’s essential to review one’s estate plan as soon as possible, because many federal gift, estate and generation-skipping transfer (GST) tax-saving strategies may no longer be available next year. This article discusses scheduled changes to exemption amounts and tax rates and the elimination of exemption portability, along with the possibility of reduced or even eliminated benefits associated with short-term grantor retained annuity trusts, intentionally defective grantor trusts and family limited partnerships (FLPs). But taxpayers can take steps to build flexibility into their plans, regardless of what Congress may or may not pass. A sidebar lists the president’s estate tax proposals.
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Ensuring your business structure is the right one
January / February 2009
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 1133
Abstract: Selecting the right business structure — either C corporation, S corporation, limited liability company (LLC), partnership or sole proprietorship — for your business is a complex decision that requires you to consider a number of interrelated tax, liability and administrative factors. There’s no one right answer because it depends entirely on your circumstances, which may change over time. That’s why it’s essential to periodically review your business structure. This article focuses on some of the factors that will affect whether you keep your current structure or, if needed, elect a new one.