432
Showing 1–16 of 22 results
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Help staffers with tax-free disaster relief payments
Winter 2021
Newsletter: Nonprofit Observer
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: With the COVID-19 crisis pushing people across the country into financial hardship, it’s natural that some nonprofits want to extend a helping hand to staff members. The good news is that the federal tax code provides a way to make tax-free direct payments to employees in need. This article explains the type of events that are “qualified disasters.” It also explains how certain disbursements to employees are generally excluded from the recipients’ gross income for federal tax purposes, and points out that employers don’t need to report them on W-2 forms.
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How rental real estate businesses can sail into a tax deduction safe harbor
February / March 2020
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: Revenue Procedure 2019-38, issued by the IRS in 2019, creates a safe harbor permitting certain interests in rental real estate to qualify for the Section 199A qualified business income (QBI) deduction. This article explains what criteria taxpayers must meet to treat their rental real estate enterprises as businesses. It also notes that even an interest in a real estate property that fails to meet the safe harbor requirements may still be treated as a trade or business for the Sec. 199A deduction if it is rented or licensed to a trade or business conducted by the individual or relevant pass-through entity.
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Newsbits – Nonprofits largely lack succession plans
Fall 2018
Newsletter: Profitable Solutions for Nonprofits
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: This issue’s “Newsbits” highlights a study showing that most not-for-profits lack a succession plan for their top executive; a start-up that matches organizations with freelancers who care about their causes; research exploring the motivation of political influence among donors; and donor gender differences on #GivingTuesdays.
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Newsbits – Giving study yields disappointing results
Summer 2018
Newsletter: Profitable Solutions for Nonprofits
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: This issue’s “Newsbits” spotlights a long-term study into charitable giving, a new company that matches young professionals with not-for-profit boards and one creative funding source brewing for nonprofits.
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Know the perils of financial testimony by owners and employees
September / October 2017
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: Owners, executives and other key employees sometimes testify in litigation involving lost profits or valuation issues. This article explains how to determine when layperson testimony crosses over into expert witness territory, putting it at risk of being excluded from evidence. It also touches on two cases that illustrate when a company leader’s testimony might be allowed vs. excluded. United States ex rel. Technica, LLC v. Carolina Cas. Ins. Co., No. 08-CV-01673-H (KSC), S.D. Cal., April 11, 2012 Ruhr v. Immtech International, Inc., 570 F.3d 858, 7th Cir., June 30, 2009
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Construction Success Story – Saving a troubled project (without breaking the bank)
November / December 2016
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: This issue’s “Construction Success Story” features a remodeler who undertook a large-scale project only to encounter setback after setback. To discuss saving the troubled job while trying to preserve a shot at profitability, the contractor met with his CPA. They discussed a variety of emergency steps and created a viable turnaround plan.
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Tax Tips – Increase withholding to avoid underpayment penalty
September / October 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: These brief tips cover why taxpayers may want to increase withholding to avoid an underpayment penalty, whether businesses can defer taxes on advance payments, and how to make the most of year-end gifts.
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News for Nonprofits – Six-month Form 990 extension soon to be a reality
June / July 2016
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: This issue’s “News for Nonprofits” spotlights the new six-month extension for Form 990, an EEOC proposal to deter employer retaliation under federal employment discrimination laws, GuideStar’s revamped nonprofit profiles, and YouTube’s “donation cards” for those who create videos on its site.
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Construction Success Story – Making a smart purchase of tool tracking software
May / June 2016
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: This issue’s “Construction Success Story” features the owner of a growing commercial plumbing company who was losing money to lost, stolen and poorly maintained tools. He asked his financial advisor for some advice on how to make a smart purchase of tool tracking software. Together, they discussed the right features of such a system and then set out to find the right product.
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News for Nonprofits – New leadership program offered online
April / May 2016
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: This issue’s “News for Nonprofits” reports on a new leadership program that’s offered online, a recent study that highlights the importance of program effectiveness for donors, and tips for improving strategic planning sessions.
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Tax Tips – Thinking about expatriation? Watch out for the “exit tax”
January / February 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: This issue’s “Tax Tips” offers tidbits on expatriation and the “exit tax,” how to undo a Roth IRA conversion, and the nontaxability of identity protection services for some individuals.
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Trusts and taxes – An IDGT can shift income tax liability
May / June 2015
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: Trusts often are a key component of an estate plan. But because trusts are considered separate legal entities, they’re subject to income tax. The income tax rate thresholds for trusts are low, so it’s important to consider the potential tax impact on an estate plan. This article details how an IDGT can provide the estate planning benefits of a trust while avoiding its potentially negative income tax consequences.
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In the News – Coming soon! Changes to the way borrowers report revenues
October / November 2014
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: The new standard issued in Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, provides a unified set of principles for recognizing revenues — replacing the current mishmash of more than 80 industry-specific revenue-recognition rules. This update is part of a landmark global accounting convergence project that will change how borrowers report the top lines of their income statements. This article explains which borrowers will be most affected, how they will report revenues, and how borrowers and lenders can prepare for these changes.
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Tax implications of investor or trader status
April 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: Most taxpayers who trade stocks are classified as investors for tax purposes. This means any net gains are going to be treated as capital gains vs. ordinary income. Taxwise, that’s good — up to a point. But traders have it better. However, trading must be “substantial” to successfully meet the test for trader status. This article explains how that’s defined.
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Newsbits – Court says donor is entitled to return of restricted gift
Winter 2014
Newsletter: Profitable Solutions for Nonprofits
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: In this issue, “Newsbits” discusses a court case that resulted in a nonprofit being forced to return a restricted gift that it had used for another purpose. We look at how the concept of kaizen, or continuous improvement, has been applied to the operations of a food bank. And we note a study showing that asset, gift and grant amounts for community foundations have reached new heights.
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Using an S corporation to hold stock in other corporations
November 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: In choosing an entity for a business, there are opportunities to use an S corporation to hold stock in other corporations, but not the stock of other S corporations. If any corporation acquires the S corporation’s stock, that S corporation becomes a C corporation, which is generally detrimental. The truth is that taxpayers with S corporations have a great deal of flexibility in structuring their corporate holdings. This flexibility allows an S corporation to hold C corporation subsidiaries and qualified Subchapter S subsidiaries, as this article explains.