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  • Smoked! Cigarette importer denied deduction

    Summer 2014
    Newsletter: Expert / Valuation & Litigation Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 385

    Abstract: The Internal Revenue Code contains complicated rules regarding the deductibility of settlement obligations. This article looks at one recent case in which the U.S. Tax Court found that an S corporation wasn’t entitled to a deduction for unpaid obligations owed to a qualified settlement fund because payment hadn’t actually been made. Suriel v. Commissioner (Tax Court 2013)

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  • BANK Wire – SAFE Act deadline

    Summer 2011
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 385

    Abstract: This issue’s “BANK Wire” briefly discusses a July 29 SAFE Act deadline regarding the new Nationwide Mortgage Licensing System and Registry; FDIC guidance on overdraft fees; a proposal to require certain employees to be trained on FDIC deposit insurance coverage; and the Federal Reserve Board’s proposed amendments to Regulation CC, Availability of Funds and Collection of Checks.

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  • Cover your assets with key person insurance

    May / June 2009
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 385

    Abstract: If one of your borrowers suddenly lost a key person, how would it affect their productivity, profits and ability to service debt? For many small businesses, the death or long-term disability of an owner or key employee spells disaster.

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