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Dynasty trust – Create a trust that can span the ages
August / September 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 731
Abstract: For those who want to arrange for a long-lasting transfer of wealth through multiple generations, consider using a dynasty trust. Not only can such a trust avoid tax, it may provide various other benefits and protections for families for an extended period of time, even forever. This article details the estate tax implications of a dynasty trust. A sidebar answers frequently asked question regarding the use of a dynasty trust.
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A buy-sell agreement can help reduce risk for your business
August / September 2020
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 731
Abstract: In these uncertain economic times, business owners may want to consider implementing any available strategies that will help reduce risk going forward. One such strategy is a buy-sell agreement, which can protect businesses and maintain stability in the event that ownership interests need to be transferred. This article explains how having a buy-sell agreement in place can stabilize a business during any potential transitions of ownership.
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Does the TCJA affect the “price” of your donations?
April / May 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 731
Abstract: For years, charitable givers have benefited from tax breaks that provided them with extra incentive to donate substantial amounts to charities of their choice. With the passage of the Tax Cuts and Jobs Act (TCJA), however, that incentive has been reduced for many taxpayers. This article discusses the potential tax impact in light of the new rules. By understanding the impact of the new tax rules on giving, individuals can set up a giving plan that benefits everyone involved.
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Just passing through – How to deduct business losses after the TCJA
February / March 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 731
Abstract: The pass-through entity structure, which includes sole proprietorships, partnerships, S corporations and certain limited liability companies (LLCs), provides owners with some valuable tax benefits, such as avoidance of double taxation and the potential ability to deduct losses from the business on their individual tax returns. But under the Tax Cuts and Jobs Act (TCJA), there are some new limitations on deducting business losses. This article looks at the changes in the rules and how they might affect owners of pass-throughs.
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Studying up on 529 college savings plans
Winter 2015
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 731
Abstract: Two types of savings plans provide families with tax-saving strategies that also benefit their children and grandchildren. College savings plans and prepaid tuition plans are what are known in the tax community as 529 plans. These vehicles have much higher contribution limits than those for other tax-advantaged educational savings plans. Which 529 plan is better depends on one’s investing preferences and other factors. This article describes the differences between the plans, but also their common advantages, such as estate planning benefits.
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Win the battle for objectivity with a rebuttal report
Winter 2013
Newsletter: Expert / Valuation & Litigation Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 731
Abstract: Along with accuracy, objectivity lies among the primary demands of courts and other parties when it comes to business valuations. But, when an appraisal doesn’t win the approval of a court or shareholder, another appraiser can be brought in to issue a rebuttal report to lend further objectivity to the proceedings. This article shows how rebuttal reports can be useful in a variety of situations.
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How to ensure compensation is fair — Add uniformity to your family business’s pay scale
Year End 2012
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 731
Abstract: Family business owners face some difficult decisions when it comes to setting a pay scale that’s fair to all employees — including nonfamily members. This article presents guidelines that can help ensure a compensation package meets every employee’s needs. It discusses compensation issues both within the family and between family and nonfamily employees.
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Are you making the most of depreciation deductions?
Fall 2012
Newsletter: Auto Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 731
Abstract: Dealerships that own real estate may find that a cost segregation study can be an effective way to lower their tax bill. Such a study identifies, segregates and reclassifies qualifying property into asset groups with shorter depreciable lives of five, seven or 15 years. By reclassifying assets, dealers can maximize their depreciation deductions in the early years, improving cash flow sooner rather than later. This article discusses the types of assets that qualify and the kinds of tax savings that can result.
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Exit stage right — A good exit strategy is worth applauding
July / August 2010
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 731
Abstract: In these uncertain economic times, having a sound exit strategy — including a plan for passing on responsibility for running the company, transferring ownership and extracting money — can be a great help to those who take over the business. The optimal exit plan depends not only on the transfer scenario, but also on the owner’s personal needs and objectives. This article sets forth some common exit strategies and their pros and cons.