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Showing 17–22 of 22 results
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Business provisions of the new tax act
March 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 543
Abstract: The 2012 American Taxpayer Relief Act includes a wide-ranging assortment of tax changes affecting both individuals and businesses. On the business side, two of the most significant changes provide incentives to invest in machinery and equipment by allowing for faster cost recovery of business property. This article looks at the legislation as it pertains to enhanced small business expensing (Section 179 expensing) and an extension of additional first-year depreciation.
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Practical Perspectives: Key financial issues for you and your family — New homeowners ponder tax impact of their mortgage
June / July 2012
Newsletter: Trendlines
Price: $225.00, Subscriber Price: $157.50
Word count: 543
Abstract: This issue’s “Practical Perspectives” discusses the case of Bradley and Melissa, who recently bought a house. With the closing behind them, the couple sat down with their financial advisor to discuss the tax impact of their mortgage. Their advisor began by noting that they had picked a good time to buy a house — at least from one tax perspective. The advisor explained the distinction between asset debt and equity debt, and pointed out that the IRS has come to be more lenient regarding the deductibility of the latter. This could be helpful if Bradley and Melissa decided to refinance in the future.
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Who covers the estate tax bill? Spell it out in an apportionment clause
August / September 2011
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 543
Abstract: To ensure one’s estate tax bill doesn’t fall to the wrong beneficiaries, it’s important that a will or living trust include a carefully crafted tax apportionment clause. A poorly drafted clause may result in the collection of estate taxes from unintended beneficiaries or ambiguity over the payment of taxes, resulting in disputes or litigation. If one fails to plan for estate tax apportionment, the government has a plan. This article examines federal and state law in this regard.
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A guiding light even after death – Pass your wealth and values on to loved ones with an incentive trust
November / December 2010
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 543
Abstract: It’s not uncommon for people to worry about what might happen if their children should inherit their wealth before they’ve gained experience and maturity. But this article shows that an incentive trust will allow parents to establish specific criteria for their children to meet before becoming eligible to receive the trust’s assets. The trust can mandate that the child meet particular personal or professional goals, and it can be set up to spread distributions over a set amount of time.
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A matter of opinion – What audit opinion lingo suggests about your borrower
April / May 2010
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 543
Abstract: Audit opinion letters present clues to the worthiness of potential borrowers. The type of opinion expressed — unqualified, qualified, adverse or disclaimer — may have serious implications about the audit’s compliance with accounting rules and the borrower’s ability to operate as a going concern. It’s important for lenders to know what’s in the audit opinion letter, and how to regard each of the four different kinds of opinions.
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What are these assets worth? Valuation is critical to your estate plan
July / August 2009
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 543
Abstract: If you make substantial noncash gifts or charitable donations, it’s critical to have the property valued by a qualified appraiser to protect you against IRS challenges that could result in some unpleasant tax surprises. This article discusses steps you should take to avoid an IRS challenge that could result in penalties as high as 40% of an asset’s value.