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  • Beware of the generation-skipping transfer tax

    April / May 2020
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 806

    Abstract: Thanks to recent tax law changes, most families can avoid liability for federal estate and gift taxes. However, there’s a lesser-known tax whammy that can hit wealthy individuals without warning: the generation-skipping transfer (GST) tax. As its name implies, the GST tax generally applies to transfers that “skip” a generation. This article details the GST tax. A sidebar explains GST tax strategies.

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  • ADA claim – Even accommodating employers may risk litigation

    September / October 2016
    Newsletter: Employment Law Briefing

    Price: $225.00, Subscriber Price: $157.50

    Word count: 806

    Abstract: Employers can offer accommodations to disabled employees and still be sued for violation of the Americans with Disabilities Act. Recently, the Eighth Circuit was tasked with deciding whether, when an employee was transferred to a new position as an accommodation, but didn’t want the job, it was an adverse action. This article summarizes the case and reminds employers that accommodation should be an interactive process. Kelleher v. Wal-Mart Stores, Inc., No. 15-2015, Mar. 31, 2016 (8th Cir.)

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  • BIG deal – Tax Court rejects dollar-for-dollar discount, embraces NAV method

    November / December 2014
    Newsletter: Advocate's Edge / Litigation Support

    Price: $225.00, Subscriber Price: $157.50

    Word count: 806

    Abstract: The debate over the appropriate valuation discount for the built-in gain (BIG) tax continues, with the U.S. Tax Court recently opposing a dollar-for-dollar discount. In Estate of Richmond, the Tax Court also explained that the net asset value (NAV) method is more appropriate than an income capitalization approach when valuing a marketable securities holding company. This article discusses the issues at stake. A sidebar explains why the estate was assessed a 20% penalty on its underpayment of tax.

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  • The business imperatives of high-performing practices

    Fall 2013
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 806

    Abstract: In the face of rapidly changing fiscal and regulatory conditions, physician practices must plan forcefully for the future. They need to focus management attention on the business areas of highest priority and set goals for their improvement. The greatest imperative is to strengthen the practice’s financial competencies, but it’s also essential to engage patients, upgrade clinical systems, improve interconnectivity and enhance data analytics. This article discusses strategies for achieving these goals, while a sidebar looks at a survey in which physicians rank their highest business imperatives.

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  • Join together — Buying a home jointly with a family member can reduce estate tax liability

    November / December 2012
    Newsletter: Planning for Prosperity / Wealth Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 806

    Abstract: Many homeowners aren’t aware that buying a home jointly with a family member can remove a house’s value from one’s taxable estate. But it’s important to not confuse a joint purchase with joint tenancy. This article explains the difference between the two, and shows the effects that a joint purchase can have on both estate taxes and income taxes.

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  • Are Roth IRAs worth a second look?

    April / May 2011
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 806

    Abstract: When it comes to IRAs, the traditional version is by far the most popular. But it may be time to take a second look at the Roth IRA, because it can be an important component of a retirement savings strategy. This article points out the circumstances in which a Roth may be advantageous, and discusses contribution limits. A sidebar takes a brief look at Roth 401(k), 403(b) and 457 plans.

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  • How’s your buy-sell agreement doing?

    June / July 2010
    Newsletter: Trendlines

    Price: $225.00, Subscriber Price: $157.50

    Word count: 806

    Abstract: Many ownership transition issues can be resolved with a buy-sell agreement, which is a contract among business owners that sets parameters for the transfer of interests in the business. The contract determines the value of the business, or defines the valuation method to be used, and outlines when and to whom the interests can be sold. A buy-sell agreement can preserve or transition the management and control of a company in times of change, and can offset potential conflicts among owners and family members. It can also create a market for a withdrawing owner’s business interest and establish a succession plan. There are two kinds of buy-sell agreements: cross-purchase and redemption.

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  • The IC-DISC – An overlooked tax break that could be your big break

    Spring 2010
    Newsletter: Manufacturer

    Price: $225.00, Subscriber Price: $157.50

    Word count: 806

    Abstract: By forming an interest charge–domestic international sales corporation (IC-DISC), a manufacturing company may realize substantial tax savings on export-sales income. The general concept is fairly simple: A U.S. manufacturer establishes a “shell” company — an IC-DISC — and then pays its IC-DISC a percentage of the company’s export revenue, also known as commissions; the company doesn’t pay taxes on these commissions. There can be operational advantages, as well. This article looks at the qualifications required to set up an IC-DISC, while a sidebar looks at the history of this tax incentive.

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  • Moving day – Your new home state can change your tax circumstances

    April / May 2010
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 806

    Abstract: Someone who is moving out of state can find it beneficial to take a closer look at how the new home state may affect their tax liability. What are the state’s income, property, sales or estate taxes? Are there tax breaks for pension payments, retirement plan distributions and Social Security payments? What about state and local income taxes, which aren’t deductible for AMT purposes? And how do property taxes compare in the city or suburbs vs. a rural area? And, for those who own homes in multiple states, it’s important to take steps to establish domicile in one, or else possibly face unnecessary negative tax consequences.

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