918

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  • M&A deal structure: Basics for buyers and sellers

    April / May 2014
    Newsletter: Merger & Acquisition Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 918

    Abstract: Every M&A deal is unique, but they all involve one or a combination of three basic structures: stock purchase, asset sale or merger of companies. Making the wrong choice could lead to negotiation difficulties and tax disadvantages and could even prevent a deal from closing. This article explains the basics of each type of structure and the pros and cons for both buyers and sellers. A sidebar focuses on each structure’s tax advantages and disadvantages.

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  • 2013 might be a good year to gift your dealership

    May / June 2013
    Newsletter: Dealer Insights

    Price: $225.00, Subscriber Price: $157.50

    Word count: 918

    Abstract: The American Taxpayer Relief Act of 2012 (ATRA) finally brought some certainty to estate planning — so dealers might now consider this a good time to gift ownership interests. But this article points out actions to be taken before coming to any conclusions. It’s necessary to look at one’s tax position and the dealership’s value. Dealers who want to retain control can consider a family limited partnership (FLP) or family limited liability company (FLLC). A sidebar discusses the benefits of a grantor retained annuity trust (GRAT).

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  • Do you know the ABCs of ACOs?

    Winter 2013
    Newsletter: Vital Signs

    Price: $225.00, Subscriber Price: $157.50

    Word count: 918

    Abstract: Although occupying only a brief seven pages of the Patient Protection and Affordable Care Act of 2010, the Accountable Care Organization (ACO) provision has stimulated much interest and attention. As ACOs proliferate, they carry the potential to make profound changes in physician practices. This article discusses how ACOs work, noting that different models offer different levels of benefits and risks.

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  • Tax deal resolves fiscal cliffhanger

    January / February 2013
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 918

    On Jan. 1, Congress passed the American Taxpayer Relief Act of 2012 (ATRA). This article offers highlights of the law’s individual tax provisions. It looks at changes in income, capital gains, estate and gift tax rates, deductions and exemptions. It also discusses the alternative minimum tax and the extension of a number of tax breaks for individuals. A sidebar lists several business tax break extensions, as well.

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  • Adjustments needed? — Common considerations when evaluating financial statements

    Winter 2013
    Newsletter: Expert / Valuation & Litigation Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 918

    Abstract: Because of their distinctive characteristics, companies account for financial results in different ways — even when conforming to Generally Accepted Accounting Principles (GAAP). As a result, appraisers must decide whether to adjust a company’s financial statements to estimate its fair market value. This article takes a closer look at specific categories of adjustments, including accounting methods and control issues. A sidebar warns against double-counting an interest’s lack of control in regard to interrelated valuation components.

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  • Can’t afford estate taxes? Get an intrafamily loan

    November / December 2012
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 918

    Abstract: If an estate consists primarily of closely held business interests, real estate or other illiquid assets, it may not have the liquidity it needs to pay estate taxes and other expenses. Life insurance is one option, but another is to borrow the necessary funds. This article shows how borrowing can reduce estate taxes, and notes the requirements for an estate to be able to deduct interest. It also shows how to ensure that an intrafamily loan is a bona fide loan in the view of the IRS. A sidebar offers a real-life example of a loan that did not pass muster.

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  • Get a grip on internal controls

    February / March 2011
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 918

    Abstract: Understanding borrowers’ control systems is an important part of loan due diligence. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) lists five components of internal controls. This article discusses them, along with what to look for in management letters. Specifically, a sidebar points out that such letters must include “material weaknesses” and “significant deficiencies” in internal controls unearthed during audit procedures.

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  • Home is where the tax savings are – How joint home purchases can reduce estate taxes

    March / April 2010
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 918

    Abstract: When buying a home, the first financial consideration many people think of are the income tax benefits. But there are other important tax-saving opportunities that should be considered. This article explores one strategy — which is buying a home jointly with a family member — and how it can remove the home’s value from one’s taxable estate.

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  • Prep time given – IRS suspends the examination of accounting for certain inventory costs

    January / February 2010
    Newsletter: Dealer Insights

    Price: $225.00, Subscriber Price: $157.50

    Word count: 918

    Abstract: After years of many auto dealerships accounting for the costs associated with their inventories in ways the IRS considered improper, the agency has issued new instructions to its examiners on how to assess dealership compliance with Internal Revenue Code (IRC) Section 263A. In light of the accounting changes dealers may need to make to comply, the IRS has suspended examination on Sec. 263A issues during audits until Jan. 1, 2011. But this does not apply to examinations begun before Sept. 15, 2009.

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  • Education savings – Making the most of your 529 plan

    July / August 2009
    Newsletter: Planning for Prosperity / Wealth Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 918

    Abstract: Many are discovering that their 529 college savings plans have taken a hit in the current economic downturn. You can’t change the past, but you can make the most of the present situation. Depending on your investing time frame, you may be able to use market conditions to your advantage. Also, as a sidebar explains, recent legislation has expanded the kinds of higher education expenses that are covered. Even if you choose to close an account, you may be eligible to claim a loss on your income tax return.

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