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Showing all 13 results
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Weathering the storm – How to help borrowers survive a downturn
February / March 2020
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 813
Abstract: No one can predict with certainty when a recession will happen. By the time it does, it’s often too late for lenders to adopt a proactive approach to help the business weather the storm. This article shows how lenders can help borrowers survive and maintain profitability over the long term regardless of the vagaries of the economy. Conserving cash, maintaining customer connections and improving employee support are just a few of the strategies lenders can suggest to borrowers. A sidebar offers six questions lenders can ask to gauge a borrower’s management experience during an economic downturn.
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The right PR – IRS finalizes rules for partnership representatives in audits
Winter 2019
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 813
Abstract: The IRS has issued its final regulations for the designation, authority and replacement of a partnership representative (PR) under the new default audit regime for partnerships (including limited liability companies taxed as partnerships). The PR replaces the previous role of the tax matters partner and possesses a broader authority to bind the partnership and all partners in dealings with the IRS. This article reviews the final regulations that are effective for tax years beginning after 2017.
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Do you need a bank holding company?
Winter 2019
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 813
Abstract: For years, the vast majority of U.S. banks have used a bank holding company (BHC) structure. Recently, however, several prominent regional banks have elected to shed their BHCs by merging them into their subsidiary banks. This development has many community banks wondering whether the BHC model has become obsolete. This article discusses the pros and cons of using the BHC structure. A sidebar looks at the advantages of small BHC status.
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Supreme Court’s Wayfair decision – What it means for Internet and mail-order sales
November / December 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 813
Abstract: In its much-anticipated decision in South Dakota v. Wayfair, the U.S. Supreme Court ruled, by a 5 to 4 margin, that a state may require out-of-state sellers to collect sales and use tax even if they lack a physical presence in the state. In reaching this result, the court overturned its landmark 1992 decision in Quill Corp. v. North Dakota. This article explains how the ruling affects businesses and their tax obligations. A sidebar explores whether other states will follow South Dakota’s lead in establishing similar sales thresholds to establish substantial nexus.
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Navigating the rapids of an M&A closing
April / May 2015
Newsletter: Merger & Acquisition Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 813
Abstract: Most M&A participants underestimate how much paperwork and communication will be necessary to close a deal. As this article proposes, the earlier parties prepare for this time-consuming task, the better. Larger and public companies must, for example, file paperwork in accordance with the Hart-Scott-Rodino Act. And many companies need shareholder approval before completing a transaction. A sidebar lists parties that typically must know — and consent — to merger plans.
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Full valuation vs. calculation of value – Which one does your client need?
September / October 2014
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 813
Abstract: Attorneys engage appraisal experts to provide both full valuations and calculations of value. While the two may sound the same, full valuations are preferable in certain circumstances, such as litigation and estate and gift tax filings. This article describes the information provided in a full valuation that’s not included in a calculation of value. While the latter approach may be preferable in some situations, a sidebar describes one example of courts’ preferences for full valuations.
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How Windsor may affect your plan – IRS details retirement plan rules for same-sex couples
August / September 2014
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 813
Abstract: The IRS has previously addressed unresolved questions about how the U.S. Supreme Court’s decision in United States v. Windsor applies to qualified retirement plans. That 2013 ruling concluded that the 1996 Defense of Marriage Act (DOMA) unconstitutionally denied same-sex couples the right to marry. While the decision directly affected federal treatment of same-sex married couples, it didn’t mandate that states recognize their marriages. This article summarizes what plans must do to comply with the Court’s ruling.
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It’s time to start thinking about Stage 2 Meaningful Use
Winter 2013
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 813
Abstract: In August 2012, CMS released new “meaningful use” specifications that physicians must implement in their EHR systems to qualify for financial incentives. Meaningful use of certified electronic health record technology (CEHRT) is to be achieved in three stages. Providers that fail to do so by 2015 will see downward Medicare payment adjustments. This article explains what providers must do to meet core and menu objectives and abide by the deadlines. A sidebar shows how physicians should prepare their practices for Stage 2 compliance.
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Keep future options open with powers of appointment
October / November 2011
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 813
Abstract: A power of appointment is an important tool that gives an estate plan flexibility to react to changing situations, because it gives the “holder” of the power — often a beneficiary — the ability to decide how, when and to whom specified assets in a trust or estate will be distributed. This article explains the distinction between a general and limited power of appointment, along with the tax implications. A sidebar explains how a creator of an irrevocable trust can use a limited power to authorize a family member or other trusted person to transfer assets to the creator, as well as to the trust beneficiaries.
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Fiduciary 101 – Responsibilities of being a plan sponsor or administrator
October / November 2010
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 813
Abstract: Fiduciary responsibility. It’s a term used a lot, but what does it really mean? Many plan sponsors don’t fully understand the scope of their fiduciary responsibilities. Yet failing to comply with ERISA’s fiduciary requirements can affect the company that sponsors the plan — and even result in significant personal liability and penalties. This article reviews the basics of who is considered a fiduciary and what actions a fiduciary should and should not take.
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IRA savings can get you closer to your goals
March / April 2010
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 813
Abstract: Those who are saving for their retirement are probably participating in their employer’s 401(k) plan or other retirement plan. However, another common retirement savings vehicle — the IRA — is too often ignored or underused. But it can be a powerful way to save more for one’s golden years. This article describes the tax and savings characteristics of the traditional vs. the Roth IRA, while a sidebar explains that traditional-to-Roth conversions are now available to everyone, regardless of income.
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Two options, one choice – As retirement nears, should you keep funds in your employer’s 401(k) plan or roll over into an IRA?
November / December 2009
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 813
Abstract: There’s no one right answer about whether someone approaching retirement should roll over retirement assets or leave them in their 401(k) plan. But one thing is true for everyone — the choice can make a difference in their ability to achieve their long-term financial goals. Taxes and penalties, investment fees, opportunities for diversification, timing of withdrawals, the ability to borrow, and inheritance issues should all be considered in arriving at the best answer.
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The ins and outs of inherited retirement plans
March / April 2008
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 813
Abstract: Retirement plan withdrawals are generally subject to income tax. So if your estate includes substantial sums in such plans, understanding the tax implications for your beneficiaries can help you plan accordingly. Planning is particularly important if you’ve designated someone other than your spouse as the beneficiary of your 401(k) or similar retirement plan (or you’re the nonspouse beneficiary). The tax code permits nonspouses to stretch plan distributions — and the resulting taxes — out over their own life expectancies through a “nonspousal rollover,” but not all plans offer this option. This article looks at the minimum distribution rules and post-death distributions associated with inheriting a loved one’s retirement plan.