483
Showing all 13 results
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New law delays RMDs for some retirees
June / July 2023
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: Thanks to the new law passed at the end of 2022 — commonly known as the SECURE 2.0 Act — it may be possible for those in their late 60s or early 70s to delay taking required minimum distributions (RMDs) from IRAs and qualified retirement plans like 401(k)s. This gives individuals even more time to build up tax-deferred retirement savings. This article also points out that, if an individual fails to take RMDs in time, the new law significantly reduces the applicable tax penalty.
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Large cash business transactions must be reported to the IRS
September 2022
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: When businesses receive large amounts of cash or cash equivalents, they may be required to report these transactions to the IRS. Specifically, a payment of more than $10,000 cash in one or more related transactions must be reported on a specific form. Although not all large cash payments are problematic, the goal is to help thwart illegal activities by making the source of the cash traceable.
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Should you digitize your tax and financial records?
August 2022
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: Traditionally, important tax and financial records have been stored as hard copies in desk drawers, filing cabinets and safe deposit boxes. These days, it has become increasingly popular and easy to digitize documents and store them electronically. This article explores the advantages and risks of this approach.
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Got crypto? Pay attention to new reporting requirements for digital assets
Spring 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: Those who’ve invested in specific digital assets — including most cryptocurrencies and some nonfungible tokens (NFTs) — need to be aware that new tax reporting rules will take effect starting with the 2023 tax year. The rules were added by the Infrastructure Investment and Jobs Act enacted in November 2021. This article explains the new reporting requirements for digital assets.
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Should you file a joint tax return for the year of death?
November / December 2021
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: The death of a spouse is a devastating, traumatic experience, and if it happens, dealing with taxes and other financial and legal obligations are probably the last things on a person’s mind. Unfortunately, many of these obligations can’t wait and must be addressed in the months to follow. This article considers the issue of whether the surviving spouse should file a joint or separate tax return for the year of the deceased’s death.
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How spouse-owned businesses can reduce self-employment taxes
September 2018
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: Spouses who own profitable, unincorporated businesses often find the high self-employment (SE) tax bills burdensome. Fortunately, there may be ways to ease that burden. This article suggests two ways that spouse-owners can lower their tax bills.
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Signs of tenant distress — and what to do about it
May / June 2017
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: The economy may be on the upswing, but many businesses are still struggling. That puts landlords at risk of tenants filing for bankruptcy, leaving them in the lurch for past and future rents due. This article discusses how to recognize hints of financial distress, which may help landlords minimize losses from tenant bankruptcies.
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Donating appreciated stock offers tax advantages
November 2016
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: One form of charitable giving some taxpayers may not be aware of is donating appreciated stock. It can enable someone to do good while garnering some tax advantages over a cash donation. This article explains the benefits, rules and limits.
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Taxing breach of contract settlement proceeds
November / December 2012
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: Attorneys need to understand how settlement proceeds are taxed, because taxability can have a significant impact on settlement negotiations. This article summarizes a recent IRS legal memorandum that provides some guidance on the taxability of settlement proceeds resulting from a breach of contract.
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Practice Notes – When it’s time to sell, you’ll know
Summer 2011
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: There’s an increasing trend of hospital ownership of physician practices. This article discusses the pros and cons of selling a practice, along with specific considerations a physician should take into account if a hospital expresses interest in his or her practice.
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Reasons mount for a conflict-of-interest policy
Year End 2009
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: Questions on the new Form 990 are the latest reasons to have a conflict-of-interest policy in place. The new form, now in use for 2008 returns, directly asks if a tax-exempt nonprofit has a written conflict-of-interest policy. The IRS doesn’t require charities to adopt such a policy (or other policies). But lacking one could prompt the agency to take a closer look at an organization’s tax returns. Having a conflict-of-interest policy also is important for obtaining tax-exempt status. This article looks at specific issues a policy should address, while a short sidebar discusses the importance of putting it in writing.
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Market Niche Insider – Diagnostics for doctors – Physician practices can be lucrative, but risky
March / April 2009
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: Baby boomers are wealthier, more health conscious and living longer than previous generations, and younger generations routinely seek preventive care. The demand for medical services, then, is rising. But several factors threaten this prestigious niche — and compromise the abilities of your physician borrowers to repay debt.
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Break out of your fax funk with Internet-based service
Winter 2009
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: No matter what a construction company’s purpose or specialty, just about every business in the industry has one thing in common: the fax machine. Bids, contracts, change orders and material invoices have long flowed in and out of those clunky, odd-sounding machines. But many contractors have begun to wonder whether there’s a better way. This article suggests that Internet-based fax service may well hold the answer.