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Showing 1–16 of 21 results
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Should you use retirement accounts to fund gifts?
November / December 2022
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: Generally, a significant portion of a person’s wealth can be found in IRAs and other tax-deferred retirement accounts. Traditionally, these accounts have been viewed as off limits when it comes to funding lifetime gifts, given the negative income tax implications. But things are a little different now. Why? Because the federal gift and estate tax exemption is scheduled to be cut roughly in half at the end of 2025. Faced with the prospect of a higher estate tax bill, many affluent people are establishing irrevocable trusts or implementing other gifting strategies to lock in the higher exemption amount before it disappears. This article explains why, in some cases, it may make sense to use retirement accounts to fund these gifts, provided the estate tax benefits would outweigh the income tax costs.
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IRS clarifies royalty exception to UBIT
Spring 2021
Newsletter: Nonprofit Observer
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: Provisions in the TCJA have brought renewed attention to nonprofits’ potential liability for unrelated business income tax (UBIT). Organizations generally are subject to a 21% tax on unrelated income, but exceptions apply — including one for royalties. This article discusses a recent IRS Technical Advice Memorandum that sheds light on factors the tax agency weighs when evaluating whether income constitutes excluded licensing royalties.
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IRS clarifies royalty exception to UBIT
April / May 2021
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: Provisions in the TCJA have brought renewed attention to nonprofits’ potential liability for unrelated business income tax (UBIT). Organizations generally are subject to a 21% tax on unrelated income, but exceptions apply — including one for royalties. This article discusses a recent IRS Technical Advice Memorandum that sheds light on factors the tax agency weighs when evaluating whether income constitutes excluded licensing royalties.
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Appointing a guardian for your children can be a difficult task
November / December 2020
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: It’s often said that a main reason people put off creating an estate plan is because of the difficulty in choosing a guardian for their children. However, that decision is one of the most important estate planning decisions a person must make. This article discusses how to choose the right guardian and what happens if the courts get involved.
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Retail comes to health care
Spring 2018
Newsletter: Healthcare Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: Patients concerned with health care costs increasingly are turning to lower-priced retail clinics. The introduction of such consumerism isn’t necessarily all bad news for hospitals, though. Those that get on board with the trend may actually strengthen their revenues. This article explains why the retail model can be helpful for hospitals and how they can meet patient demand for more convenient and affordable options.
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Tax planning for investors: Income vs. growth
January / February 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: Whether one invests for income (dividends and interest), growth (price appreciation) or total return (a combination of income and growth), it’s important to assess the impact of taxes on his or her portfolio. This article examines various tax issues to consider.
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Transupport, Inc. v. Commissioner – Court rejects compensation expert’s “result oriented” approach
November / December 2017
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: Perceived independence is critical when it comes to the effectiveness of expert witness testimony. This article discusses a recent case in which the U.S. Tax Court rejected an expert’s testimony on the reasonableness of compensation paid to shareholder-employees, because he’d failed to provide an “independent and objective analysis.” Transupport, Inc. v. Commissioner, T.C. Memo 2016-216 (November 23, 2016)
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Reductions in force may be warranted; discrimination never is
September / October 2016
Newsletter: Employment Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: The decision in a recent Second Circuit case is instructive for employers that are trying to conduct reductions in force without triggering lawsuits under the Age Discrimination in Employment Act. Among other things, this article talks about what plaintiffs must provide to establish a prima facie case of discrimination. Friedman v. Swiss Re America Holding Corp., No. 15-1155, Mar. 18, 2016 (2nd Cir.)
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Statistics and big data play a supporting role in litigation
January / February 2016
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: Often, the sheer volume of documents, data and transactions involved in commercial litigation makes it difficult to establish causation, quantify losses or calculate damages. Analytical techniques such as statistical and big data analysis can make these tasks more manageable and cost effective. This article explains how computers can analyze extremely large data sets to reveal patterns, trends and associations. It uses a recent case to illustrate how big data analysis helped prove fraud was committed.
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Even qualified experts can face admissibility challenges
Spring 2015
Newsletter: Expert / Valuation & Litigation Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: Sometimes, even obviously qualified experts using reliable methods can find themselves the subject of challenges to the admissibility of their testimony. This article describes a Michigan case, B & L Development LLC v. City of Norton Shores, involving a property tax assessment. Ultimately, a court of appeals dismissed the city’s overarching contention that a trial court is required to conduct a “searching inquiry” into an expert’s underlying data before admitting the expert’s testimony.
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Valuation comparables in a slow market
January / February 2014
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: The unstable real estate market over the past several years has posed many appraisal challenges. In particular, low purchase prices — often resulting from “distressed” sales — and a relatively small number of transactions in some markets can make it difficult for appraisers to locate comparable transactions (or comps), a critical element in many valuations. But qualified appraisers do have ways of dealing with such situations; this article discusses some of the adjustments they can make.
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Six Sigma for construction companies
Fall 2013
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: “Six Sigma” is a rigorous set of business-improvement practices originally intended for manufacturers and refined by tech giant Motorola in the 1980s. Since then, Six Sigma has been applied to a wide variety of industries — including construction. This article explains the concept and focuses on a particular methodology (DMAIC, or “define, measure, analyze, implement and control”) that contractors are likely to use.
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Good timekeeping is always worth your while
Fall 2013
Newsletter: Nonprofit Observer
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: Maintaining detailed time records for staff may not be the most enjoyable task, but timekeeping is necessary for most nonprofits. However, there are ways to make the job less onerous. This article offers a number of reasons why timekeeping is critical and notes that there are many ways to track and allocate payroll and related expenses.
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Making gifts still matters, even after ATRA
August / September 2013
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: The American Taxpayer Relief Act of 2012 (ATRA) eliminated much of the uncertainty that plagued estate planning for years by making two key provisions “permanent”: the $5 million gift and estate tax exemption (adjusted annually for inflation) and exemption portability between spouses. But, while ATRA relieves some of the pressure on people to transfer wealth during their lives, lifetime gifting still provides some significant advantages. This article explains how gifting assets now can “freeze” their value and remove future appreciation from one’s estate. It also shows why, all things being equal, paying gift tax is “cheaper” than paying estate tax.
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Wealth management programs – How to “carry” a millionaire
Summer 2012
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: The greatest advantage community banks have over larger banks is their ability to build long-term customer relationships. This article shows how money management services, particularly for those with ample funds to invest, can grow customer relationships while enhancing the revenue stream. It discusses what’s involved in developing a wealth management program, including automated technologies and sufficient staffing.
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The perfect exit strategy — Don’t let your clients leave it to chance
January / February 2012
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: At some point in time, every business owner will retire and either sell his or her ownership interest or leave the company to others. The key to a seamless transfer is to identify an exit strategy that addresses the needs of not only the departing owner, but also the company in question. This article describes the ins and outs of creating an effective exit strategy, and looks at the various legal options available, depending on the owner’s goal for the business.