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Beware of “wash sales” when selling securities
October 2022
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 355
Abstract: Under the “wash sale” tax rule, if a taxpayer sells stock or securities for a loss and buys back substantially identical stock or securities within the 30-day period before or after the sale date, that loss can’t be claimed for tax purposes. This article provides some key details for taxpayers about this often-surprising rule.
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NOL carrybacks: Look at the big picture
Fall 2020
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 355
Abstract: To help manufacturers and other businesses improve their cash flow, the Coronavirus Aid, Relief and Economic Security (CARES) Act provides a temporary five-year carryback for net operating losses (NOLs). Under the act, businesses with NOLs in 2018, 2019 or 2020 may carry those losses back up to five years, offset them against taxable income in those years, and claim a refund. This short article reminds companies to look at their overall tax picture and consider how NOLs interact with two other tax areas: consolidated group considerations and the business interest deduction election.
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Selecting the appropriate entity for your business
August 2015
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 355
Abstract: A principal consideration for any business, whether new or existing, is choosing an appropriate legal entity. This article looks at the variety of options available, each with its various advantages and disadvantages. A variety of issues should be considered, for each entity selection situation is unique.
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IRS warns taxpayers to beware of phishing scams
June 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 355
Abstract: Phishing is a scam typically carried out by unsolicited e-mail and/or bogus websites posing as legitimate sites luring unsuspecting victims to provide personal and financial information. This article explains what to watch out for and how to report suspicious communications.
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S corporation shareholder-employees: Are your salaries high enough?
January / February 2012
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 355
Abstract: Because S corporation shareholder-employees aren’t subject to self-employment taxes on their share of the corporation’s income, minimizing their salaries and maximizing income distributed to them in the form of dividends can save significant payroll taxes. But the IRS casts a wary eye on such salaries. This short article explains what to do to keep salaries reasonable; otherwise, the IRS may recharacterize a portion of dividends as wages and present the company with a bill for unpaid payroll taxes, interest and penalties.
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E-discovery: Avoiding inadvertent disclosure
Spring 2009
Newsletter: Valuation Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 355
Abstract: Electronic evidence has assumed a prominent role in discovery. In turn, the massive amounts of data in such evidence have increased the risk of inadvertent disclosure of privileged materials. But savvy attorneys can use technology to screen evidence for potentially privileged materials. This short article offers tips.
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Construction Success Story – Contractor creates a total communications plan
March / April 2008
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 355
Abstract: In this issue’s “Construction Success Story,” the owner of a midsize construction company that specializes in commercial projects was growing increasingly concerned that many of her staff members felt left out of the communications loop. She wanted to restore morale without blowing her budget on expensive technology. For guidance, she turned to her financial advisor and, together, they devised a cost-effective “total communications plan.”