719
Showing all 12 results
-
Avoiding UBIT – Follow the rules for corporate sponsorships
October / November 2016
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 719
Abstract: Many nonprofits dream of landing hefty corporate sponsorships to help pay for the costs of a conference, fundraiser or other costly event. Money from deep pockets is optimal, but an organization doesn’t want the IRS to consider the payments “paid advertising” and thus taxable as UBI. This article discusses what constitutes “qualified sponsorship payments,” permissible sponsorship use and acknowledgment, and a “substantial” return benefit.
-
Redstone v. Commissioner – Timing is critical when relying on arm’s-length stock transactions
July / August 2016
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 719
Abstract: An arm’s-length transaction involving the subject company’s stock that occurs before or after the valuation date can provide a meaningful indication of fair market value. This article concerns a recent case in which the U.S. Tax Court held that the best evidence of the stock’s value for gift tax purposes was the price the company had paid to redeem another shareholder’s stock three weeks before the valuation date. Ultimately, the case shows how events at or near the time of the valuation date generally are the most reliable indicators of value.
-
Ready, set, sell your business – What will buyers look at when it’s time to sell?
Fall 2014
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 719
Abstract: After working for many years to grow a business, owners may reach a point where they’re thinking about selling. But it’s important to go into the sale process with eyes wide open. This process is complex, with many potential pitfalls for owners who’ve failed to do their homework. This article explains that specific goals for the sale of the business will hinge primarily on the reasons for selling, and it lists some of the attributes that will be important to buyers. A sidebar describes the four main types of business buyers.
-
Exemption portability vs. a credit shelter trust – One offers simplicity, the other provides additional benefits
July / August 2014
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 719
Abstract: A major advantage of current federal tax law is that estate tax exemption “portability” is now permanent. This means that married couples can maximize the benefits of their combined exemptions without the need for sophisticated estate planning involving multiple trusts. However, for many people, particularly the affluent, more-sophisticated strategies – such as a credit shelter trust – might still be more beneficial. This article offers a number of reasons why.
-
Ownership transition – Valuation is key to succession planning
May / June 2014
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 719
Abstract: Business owners planning succession face the difficult decision of whether to sell, dissolve or transfer their business to family members. The article notes the many ways valuators can help guide the succession planning process by looking at such factors as the company’s expected cash flows, perceived risk, expected growth and marketability. In addition, a valuator can show how the purpose of the valuation affects the value itself.
-
Don’t let estate taxes force your heirs to sell the family business
October / November 2013
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 719
Abstract: Many family business owners spend years nurturing their companies with the goal of providing a livelihood for their heirs. But often their estates don’t have enough cash to pay estate taxes and other expenses after they die, which can force the family to sell the business. This article describes Internal Revenue Code Section 6166, which allows a portion of the estate tax to be deferred — but not without potential disadvantages.
-
Protect assets now or later with a trust
February / March 2013
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 719
Abstract: There are many potential threats to one’s net worth — or to the legacy left for heirs. And one such threat is creditors, who could ultimately take a large bite out of gifted or bequeathed assets. One solution is to place assets in a trust. This article discusses revocable vs. irrevocable trusts, spendthrift trusts and offshore trusts.
-
Step carefully when terminating employees on FMLA leave
July / August 2012
Newsletter: Employment Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 719
Abstract: A fast-food restaurant fired an employee it suspected of stealing — but it didn’t do itself any favors by waiting nearly two weeks before terminating her, and doing so on her first day back from Family and Medical Leave Act (FMLA) leave. This article shows how the U.S. Court of Appeals for the Sixth Circuit applied the "honest belief rule" in determining whether or not the employer had violated the law. Citation: Donald v. Sybra, Incorporated, No. 10-2153, Jan. 17, 2012 (6th Cir.)
-
Is your company headed for trouble with its travel expenses?
Winter 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 719
Abstract: In spite of videoconferencing technology and high gas prices, business travel goes on, and companies can’t slack off on the proper tracking and reporting of travel expenses. The IRS, as always, is watching. This article explains how “away from home” is defined for deduction purposes, and what expenses can be deducted. It also discusses the difference between “accountable” and “nonaccountable” reimbursement plans.
-
Eye on associates — How to build better business developers
Winter 2012
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 719
Abstract: For most lawyers, effectively selling their firms’ services and their own legal expertise — otherwise known as business development — is essential to a thriving career. Unfortunately, finding clients and maintaining those relationships aren’t skills that come naturally to most attorneys. As this article explains, it’s important to provide associates with networking advice and rainmaking tools. A sidebar offers three tips for making the most of networking and business development opportunities.
-
Snake in the grass – Employee-related liabilities can poison your deal
February / March 2009
Newsletter: Merger & Acquisition Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 719
Abstract: A business buyer that fails to consider its target’s employee benefits could be putting its acquisition at risk. Benefits, retirement plans, health insurance and paid time off can eat away at the bottom line. Buyers are encouraged to determine which party will assume responsibility for such benefits as pension plans and COBRA coverage well before the transaction closes.
-
Economic loss doctrine often provides imperfect protection
November / December 2008
Newsletter: Construction Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 719
Abstract: Initially heralded as a way to simplify and clarify construction dispute resolution, the economic loss doctrine now has courts struggling to find ways to keep parties in lawsuits despite the doctrine’s apparent applicability to release them from the proceedings. This article explores a recent example of this trend.