947

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  • Year end tax strategies for contractors

    Fall 2013
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 947

    Abstract: Tax planning is particularly important this year because 1) individual income tax rates are higher, 2) several tax breaks are scheduled to expire at the end of this year, and 3) new taxes, especially the 3.8% Medicare surtax on net investment income, require special attention. This article discusses all of these items, while a sidebar explores whether it’s advisable for some construction companies to convert to a C corporation to reduce their tax bills.

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  • Do you know the impact of the 2010 estate tax repeal on your estate plan?

    April / May 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 947

    Abstract: On Jan. 1, 2010, a one-year repeal of the federal estate tax went into effect, throwing many estate plans into disarray. The repeal also applies to the generation-skipping transfer (GST) tax, while the gift tax lives on with a top rate of 35% (10 percentage points lower than in 2009) and a $1 million lifetime exemption (the same amount as in 2009). This means that many estate plans might not meet their objectives; income tax bills could increase and transfers to trusts could be affected. So, while the future of the estate tax remains uncertain, it’s critical to review one’s estate plan to assess the impact of the current tax laws and to prepare for what the future might bring.

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  • Don’t lose out on rental real estate losses

    March / April 2010
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 947

    Abstract: If a person owns rental properties, there’s a good chance at least one of them is generating a loss. But the passive activity loss (PAL) rules can make it difficult to deduct those losses. If rental real estate is a significant activity, it pays to review the situation to determine whether one meets the IRS’s definition of “real estate professional.” This article explains some of the circumstances in which one may qualify and how it might be possible to convert passive losses into nonpassive losses, creating substantial tax benefits.

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  • Finance and insurance – Internet presence, compliance summon management response

    November / December 2008
    Newsletter: Dealer Insights

    Price: $225.00, Subscriber Price: $157.50

    Word count: 947

    Abstract: Two major issues that promise to affect dealership Finance and Insurance (F&I) departments in 2009 are Internet presence and regulatory compliance. This article discusses both the opportunities and the challenges that these areas provide.

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  • A schedule’s a schedule – Abiding by a recovery schedule is key to preserving legal rights

    March / April 2008
    Newsletter: Construction Law Briefing

    Price: $225.00, Subscriber Price: $157.50

    Word count: 947

    Abstract: No matter what’s being built, a schedule’s a schedule. And a court can use a recovery schedule to justify early default termination of even the biggest of contracts. This article looks at a recent case involving household names such as McDonnell Douglas, General Dynamics and, last but not least, the U.S. Navy, that provides ample evidence of this. McDonnell Douglas v. United States, 76 Fed. Cl. 385 (2007).

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