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Appraisals aren’t just for businesses anymore
January 2024
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 379
Abstract: Anyone in the process of making a retirement or estate plan, or who intends to donate property to charity, needs to know the value of their assets. For many hard-to-value items — such as closely held business interests, real estate, art or collectibles — an appraisal may be necessary.
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Cash it in! Save tax with qualified small business stock
August / September 2022
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 379
Abstract: Those looking to inject cash into their small corporations or any other business venture may want to acquire qualified small business stock (QSBS). This article explains that it’s possible to enjoy a tax exclusion on 100% of capital gain when selling the stock down the road. It also discusses the requirements for qualifying for the QSBS tax break.
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What to do about fraudulent credit or debit card charges
March 2022
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 379
Abstract: It’s an awful feeling to learn that your credit or debit card has been used fraudulently. Whether you’re liable for charges typically depends on the type of card, whether you still possess the card and when the card issuer is alerted. This article provides further details.
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Increased Medicare payroll tax
May 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 379
Abstract: The Medicare payroll tax is the primary source of financing for Medicare, which generally pays medical bills for individuals who are 65 or older or disabled. Wages paid through Dec. 31, 2012, were subject to a 2.9% Medicare payroll tax. Workers and employers pay 1.45% each. Beginning in 2013, individuals who have wage and/or self-employment income exceeding certain thresholds are subject to an additional 0.9% Medicare tax (that is, 2.35% total) on their earned income exceeding the applicable threshold. This article discusses the tax as it affects different categories of filers.
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Age-55 qualified retirement plan exception
August 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 379
Abstract: The taxable portion of a pre–age-59½ withdrawal taken from a qualified retirement plan or traditional IRA can be hit with a 10% early withdrawal penalty unless one of several exceptions applies. However, the list of exceptions is not identical for qualified plans and IRAs. This article looks at one case in which a taxpayer was hit with the 10% early withdrawal penalty when he rolled over his retirement plan money into an IRA and then took an early withdrawal. The U.S. Supreme Court disagreed with his contention that this shouldn’t have happened because the differing lists of penalty exceptions for qualified plans and IRAs were “illogical.”
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Go green, create some green – 7 ways to help the environment and your bottom line
Summer 2010
Newsletter: Auto Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 379
Abstract: Adopting sustainable business practices isn’t only the right thing to do — it also makes financial sense. Dealers can reduce their operating costs with simple facility upgrades and everyday changes. This article offers seven ways to do just that, including putting blinds on westward-facing windows, getting an energy audit, and checking with the manufacturer for initiatives it may be offering.