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How to fund long-term care insurance with a tax-free exchange
April / May 2013
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 983
Abstract: Long-term care (LTC) insurance is a major expense, especially for someone who purchases it at or after retirement age. One potential source for funding LTC insurance premiums is a total or partial tax-free exchange of an existing life insurance policy or annuity contract. This article explains how a tax-free exchange provides a source of funds for LTC coverage and offers significant tax benefits. A sidebar notes the tax treatment of LTC insurance.
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Revised IRS royalty rules can result in tax benefits
Fall 2012
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 983
Abstract: Companies that pay royalties for the right to use trademarks in the products they manufacture find that the way those royalties are treated on their tax returns can make a big difference to the bottom line. Proposed changes to IRS regulations on sales-based royalties, which manufacturers pay based on the number of units of a particular product that they sell, offer a new option for capitalizing royalty expenses that could result in significant tax benefits. This article discusses a court case that led the IRS and the U.S. Treasury Department to issue proposed regulatory changes. A sidebar explains the difference between deducting expenses and capitalizing them.
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How to reduce write-downs and boost collections
Spring 2009
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 983
Abstract: Want to improve your firm’s cash flow and net profit? Who doesn’t? Start by getting control of write-downs that occur during the billing process and implementing effective collection practices today. This article explores tactics, such as implementing billing control procedures, requiring an explanation of all fee write-offs, ramping up collection efforts and more.
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How to keep your key clients – And what to do when one still walks out the door
Spring 2008
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 983
Abstract: “We’ve decided to take our business elsewhere.” These aren’t the words you want to hear from a client — especially a major client that’s brought in 20% of your firm’s revenues for the past few years. Whether it’s because of client dissatisfaction, a merger, recession, consolidation of legal services or another reason, losing a major client can be financially devastating. This article looks at steps you can take to help prevent it, or at least soften the blow when you can’t. (Updated 1/4/12)