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  • The proper care and feeding of your S corporation – Diligence required to avoid inadvertent termination and loss of tax benefits

    March / April 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 900

    Abstract: The S corporation continues to be a popular entity choice, combining the liability protection of a corporation with many of the tax benefits of a partnership. But these benefits come at a price: S corporations must comply with strict requirements that limit the number and type of shareholders, prohibit complex capital structures, and impose other restrictions. This article explains the requirements and advantages of an S corporation status and what needs to be done to avoid S corporation termination. A sidebar details IRS guidance on relief from an S corporation being inadvertently terminated.

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  • Partnerships: Get ready for new audit rules

    July / August 2016
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 900

    Abstract: For partnerships, the new audit rules are a game changer. The rules apply to returns for partnership tax years that begin after December 31, 2017, including amended returns. The changes aren’t merely procedural; they substantially alter the taxation of partnerships, effectively imposing entity-level taxes on partnerships. This article details the new rules and includes a sidebar explaining the opt-out clause.

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  • Making the most of your company’s financial statements

    April / May 2016
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 900

    Abstract: A company’s financial statements are the bellwether of its cash flow. Each report offers information regarding the financial position and performance of the business. Moreover, they can help one uncover potential money-management problems and fraudulent activity. This article looks at some of the intricacies of the balance sheet, income statement, and statement of cash flows. A sidebar notes the difference between the LIFO and FIFO inventory reporting methods.

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  • “Preprinted” may mean “precarious” – Failure to review key documents leads to payment disputes

    July / August 2008
    Newsletter: Construction Law Briefing

    Price: $225.00, Subscriber Price: $157.50

    Word count: 900

    Abstract: In processing payments on construction projects, owners, architects, general contractors and subcontractors often rely on the language of preprinted forms to support their legal rights and, thus, fail to carefully review those forms. From a legal perspective, this kind of lack of attention to detail can be costly. This article describes a recent Utah case that provides a prime example of just how costly.

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