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Are you meeting your sales and use tax obligations?
July / August 2019
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 347
Abstract: The consequences of failing to comply with sales and use tax requirements can be severe. In some states, dealership owners can be held personally liable for unpaid sales and use taxes — even if they’ve delegated this responsibility to one of their employees. This article explains various aspects of determining sales tax nexus.
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QSBS offers potentially lucrative tax breaks
Fall 2016
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 347
Abstract: This article explores attractive tax breaks for those investing in qualified small business stock (QSBS), notably capital gains exclusions, and describes the criteria required for a company’s stock to be considered QSBS.
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Estate Planning Red Flag – You haven’t substantiated your charitable gifts
September / October 2016
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 347
Abstract: As the end of the year approaches, many people’s thoughts turn to charity. To avoid losing valuable charitable deductions, it’s important to become familiar with substantiation requirements. This brief article details how to substantiate contributions of various dollar amounts.
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Asset valuations and your estate plan go hand in hand
May / June 2013
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 347
Abstract: If an estate plan calls for making noncash gifts in trust or outright to beneficiaries, it’s important to know the values of those gifts and disclose them to the IRS on a gift tax return. For substantial gifts of noncash assets other than marketable securities, it’s a good idea to have a qualified appraiser value the gifts at the time of the transfer. As this article explains, if the IRS deems a valuation to be “insufficient,” it can revalue the property and assess additional taxes and interest.
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Estate Planning Pitfall – You’ve designated a minor or legally incompetent person as beneficiary of your life insurance policy
August / September 2008
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 347
Abstract: For many people, a life insurance policy is their most valuable asset. But all too often, they neglect to give the beneficiary designation the attention it deserves. One of the most common mistakes is designating a minor or legally incompetent person as beneficiary. Doing so actually defeats one of the fundamental purposes of estate planning: to have a say in how your wealth is distributed after you die. This short article explores the consequences of designating a minor or legally incompetent person as a life insurance beneficiary and suggests an alternative strategy.