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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.