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Showing all 13 results
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How to minimize tax on Social Security benefits
March / April 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 522
Abstract: There’s a common misconception that Social Security benefits are tax-free. In fact, many people pay federal tax on a portion of their benefits. Recent inflation has resulted in a record 8.7% cost-of-living adjustment to Social Security benefits for 2023. But the tax brackets used to determine how much of your benefits are taxable aren’t adjusted for inflation. This means that some Social Security recipients will see their tax bills increase this year. This article takes a look at available strategies that can minimize these taxes.
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Get ready for the new lease accounting standard
Fall 2022
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 522
Abstract: After several postponements, the updated lease accounting standard is about to take effect for private companies. Companies that follow U.S. Generally Accepted Accounting Principles (GAAP) must adopt the new standard for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. This article provides a quick review of the standard, implementation guidance, and tips for dealing with embedded leases and lease accounting software.
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Could you qualify for an energy-efficient tax deduction?
Spring 2022
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 522
Abstract: Section 179D of the tax code allows a deduction for the cost of energy-efficient improvements to new or existing commercial buildings, as well as certain residential rental buildings. This article explains how construction companies might be able to qualify for the deduction, even though the tax break is primarily intended for property owners.
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5 good reasons to turn down an inheritance
November / December 2019
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 522
Abstract: A person may use a qualified disclaimer to refuse a bequest from a loved one. Doing so will cause an asset to bypass his or her estate and go to the next beneficiary in line. This article examines five reasons a person may wish to turn down an inheritance.
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3 questions can help you tune up your investment portfolio
January / February 2018
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 522
Abstract: Investors need to periodically re-evaluate their investment portfolio by asking three questions: 1) Has my portfolio changed? 2) have my investments changed? and 3) has my personal situation changed? As this article argues, answering these questions can help put investors on a better financial footing.
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3 ways to manage backlog (before it manages you)
Summer 2015
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 522
Abstract: For contractors, a healthy backlog is a good thing. But having too much of this good thing can lead to project delays and frustrated customers. This article offers three ways to stay in control: approaching bids methodically, tracking mobilization times and managing customers’ expectations.
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Multilevel valuation discounts: Handle with care
July / August 2014
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 522
Abstract: Estate planners may use family limited partnerships (FLPs) and family limited liability companies (FLLCs) to consolidate a family’s wealth management, protect assets, and reduce gift and estate taxes. The reductions are made by subtracting lack of control and marketability discounts from the net asset value of the entity’s holdings. This article notes that, in some cases, multilevel discounts are available for tiered entities and uses a hypothetical example to illustrate how a multilevel discount might work. Estate of Astleford v. Commissioner (T.C. Memo 2008-128) Estate of O’Connell v. Commissioner (T.C. Memo 1978-91)
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E-Verify 101: What you need to know
November / December 2013
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 522
Abstract: Companies across the United States increasingly are using the Internet to comply with our nation’s complex labor and employment laws. And construction businesses are leading the charge. A case in point is E-Verify, the online database that confirms with virtual certainty whether an individual is authorized to work legally in the United States. This article explains how it works and the benefits it can offer contractors.
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When subsequent events count
November / December 2012
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 522
Abstract: Private business appraisal must be based on information available at the required date of appraisal, according to Revenue Ruling 59-60. Valuators generally consider only information that is “known or knowable” on the valuation date. But there are exceptions to this rule. In a recent case, Estate of Jung v. Commissioner, the U.S. Tax Court made an important distinction between subsequent events that affect fair market value and those that provide an indication of value. This brief article explains this distinction and under what circumstances valuators may be able to use subsequent events in their analyses. Citation: Estate of Jung v. Commissioner, 101 T.C. 312, 1993
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Green builders, rejoice: Here come the apps
Summer 2012
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 522
Abstract: For construction companies already working on some LEED (Leadership in Energy and Environmental Design) jobs or that may seriously consider one in the near future, good news arrived late last year: In November 2011, the U.S. Green Building Council launched its App Lab as part of its LEED Automation Program. This article shows how the App Lab — a searchable catalog of third-party apps enriched with LEED data — can help contractors (and others) with a variety of tasks related to a sustainable job.
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Reporting foreign financial assets
March 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 522
Abstract: The IRS has implemented new regulations designed to uncover information on foreign assets owned by U.S. taxpayers. Where taxpayers have an interest in one or more specified foreign financial assets exceeding certain threshold amounts, additional information must be included in their tax return. This article explains “specified foreign financial assets” and the types of information that must be reported.
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Accountability – Your public is calling
Year End 2010
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 522
Abstract: In a downturned economy, donations to nonprofits are difficult for both individuals and organizations to make. So being accountable carries more weight than ever. A nonprofit must not only conduct business ethically and transparently, but also be able to publicly explain how it handles its finances and governance. This article covers various areas of accountability, including governance, finances, programs and documentation.
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Show me the money! – Net worth analysis can reveal hidden assets
July / August 2008
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 522
Abstract: Uncovering hidden assets can be important in a variety of litigation contexts, including fraud investigations, shareholder disputes, divorce and business valuations. One of the most effective techniques for demonstrating the existence of such assets is net worth analysis. This article looks at how net worth analysis works and explains the three primary methods experts typically use to detect hidden assets, including the asset method, the expenditures method and the bank deposits method. (Updated 8/29/12)