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Showing all 9 results
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Estate planning for attorneys – 5 tax-efficient tools to transfer personal wealth
Fall 2023
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 873
Abstract: The Tax Cuts and Jobs Act (TCJA) almost doubled the federal gift and estate tax exemptions. But the increased exemptions are scheduled to sunset after 2025. This article provides some tax-efficient methods that attorneys may want to consider for transferring their wealth. A brief sidebar looks at how the SECURE Act changed rules for inherited IRAs, as well as changes under proposed IRS regulations.
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How COVID-19 is affecting auditing and financial reporting
November / December 2020
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 873
Abstract: The COVID-19 pandemic has affected virtually every area of business for most auto dealers. Since it began in the spring, questions have arisen about the crisis’s impact on auditing and financial reporting. A list of frequently asked questions (FAQs), compiled by the American Institute of Certified Public Accountants (AICPA), helps answer some of those questions. This article is a summary of that discourse; it highlights disclosing risks and uncertainties and evaluating subsequent events. A sidebar spotlights the AICPA’s FAQ coverage of going concern disclosure requirements.
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Financial dashboards: The drive for success
April / May 2019
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 873
Abstract: Nonprofits have increasingly turned to financial “dashboards” to help their boards and other audiences visualize important metrics, or key performance indicators (KPIs), for their organizations. This article discusses how to decide which metrics to use on a nonprofit dashboard and suggests several helpful KPIs. A sidebar offers up KPIs in other vital areas of the organization, such as risk management and governance and technology.
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Tax Cuts and Jobs Act gives ― and takes away
April / May 2018
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 873
Abstract: While early drafts of the Tax Cuts and Jobs Act (TCJA) proposed significant changes to qualified retirement plans, the version that passed has minimal impact on them. However, the TCJA did make some notable adjustments to the tax treatment of other types of employee compensation and benefits, for both employers and employees. Here’s a closer look at how corporate compensation and family and medical leave tax incentives are affected. A short sidebar discusses the TCJA’s impact on employee achievement awards, moving expenses and transportation fringe benefits.
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Turn rental real estate activity losses into tax benefits — But you must qualify as a “real estate professional”
March / April 2012
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 873
Abstract: This article discusses the hypothetical case of “Pat,” who’s losing money on his rental properties. He would like to deduct his losses, but the passive activity loss rules are restrictive. However, if he falls under the IRS definition of a “real estate professional,” he can enjoy tax benefits by converting passive losses into nonpassive losses. The article discusses what constitutes “passive” activity and what it takes to qualify as a real estate professional.
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Decisions, decisions — Options for minimizing exit costs from a CMBS loan
January / February 2012
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 873
Abstract: Commercial mortgage-backed securities (CMBS) loans provide real estate investors access to a larger pool of financing at lower rates than they could qualify for on their own. But when buying a property that’s being financed with a CMBS loan, it’s important to consider the consequences of exiting the loan. This article explains the concepts of yield maintenance vs. defeasance and their role in CMBS loans, and shows how to craft the loan document. Careful forethought will be rewarded with greater flexibility and lower costs if the property is later sold or refinanced.
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Volunteer or employee? Golf coach looks for overtime green in FLSA case
September / October 2011
Newsletter: Employment Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 873
Abstract: Teachers or other staff members will often take on additional leadership duties, but it’s long been a contentious matter as to whether the Fair Labor Standards Act (FLSA) should cover these volunteers. In one case, a school board employee served as the golf coach at a district high school and was paid a stipend. Following a Department of Labor guidance letter, the board decided to continue allowing nonexempt employees to coach but discontinued its policy of paying overtime. The employee sued. This article discusses the court’s ruling, while a sidebar looks at whether for-profit businesses qualify for an FLSA exemption in regard to interns. Purdham v. Fairfax County School Board, No. 10-1048, March 10, 2011 (4th Cir.)
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What you should know about forms of joint ownership
September / October 2009
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 873
Abstract: What’s the best way to hold a real estate title? The wrong ownership form can increase legal liability, enlarge your tax burden, and subject an estate to probate. In contrast, choosing the right ownership form can reduce red tape while improving a property’s profitability. This article discusses the different options and who might benefit the most in each case. A sidebar looks at living trusts as a means of holding titles to personal residences and other major assets.
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Risk vs. reward – The potential benefits — and pitfalls —of emerging markets investing
March / April 2009
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 873
Abstract: Even though emerging markets have a reputation for volatility and risk — a reputation that has been well earned amid the market’s downturn — they also offer strong growth potential and diversification benefits. Both are big reasons why emerging markets stocks can be a vital part of many investors’ portfolios. This article explores the benefits and risks of investing in emerging markets stocks.