2014
Showing 721–736 of 740 results
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Extraordinary circumstances: DLOM allowed in forced buyout
January / February 2014
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 455
Abstract: When closely held businesses are appraised, professional valuators often apply a discount for lack of marketability (DLOM). However, in forced-buyout situations, DLOMs are generally only applied under extraordinary circumstances. This article discusses an unpublished shareholder oppression case in which the court found that such circumstances did indeed exist.
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What prevents an equitable divorce?
January / February 2014
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 659
Abstract: In divorce cases, courts try to split assets equitably between the spouses. But the parties sometimes make a court’s job difficult by hiding assets or even by performing their own valuations. This article explains why hiring an experienced financial expert to accurately appraise assets is the key to a fair settlement. Such experts often have forensic accounting backgrounds and know how to use sophisticated methods to value assets, particularly businesses.
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Patent infringement damages – Court tosses expert’s reasonable royalty testimony
January / February 2014
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 802
Abstract: Calculating damages in patent infringement cases continues to pose a challenge, with expert testimony on the matter coming under heavy Daubert scrutiny. This article looks at one case in which the judge excluded most of an expert’s proposed damages testimony — despite finding her “highly qualified” and competent to estimate reasonable royalties. A sidebar explains why the judge admonished the expert for failing to consult sufficiently qualified experts.
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Diagnosing health care fraud – What employers need to know
January / February 2014
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 596
Abstract: With so much money running through the health care system, it’s no surprise that some medical providers are practicing fraud. This article discusses five types of fraud to which public and private health insurers, including self-insured employers, are vulnerable. These involve various forms of misrepresentations of services rendered. The article also lists red flags that might signal fraud.
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Taxpayer penalized for wasting court’s time
February 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 100
Abstract: This brief article describes how a taxpayer who claimed he had no taxable income was not only disputed by the Tax Court, but was assessed fines for wasting its time.
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Social Security update
February 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 221
Abstract: This article provides the 2014 inflation adjustments that have been announced for the various Social Security amounts and thresholds.
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Retirement plan review
February 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 331
Abstract: Retirement plan savings (e.g., qualified plans and IRAs) are important to one’s financial well-being for many reasons. They allow one to accumulate income without currently paying tax, and the power of compounding pretax dollars makes a retirement plan one of the most powerful investment vehicles available. Therefore, it is important to do everything possible to get the most out of one of the best investment opportunities available. This article lists information to consider when conducting a review of retirement plans.
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Making your hobby a business
February 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 439
Abstract: Taxpayers often invest a great deal of time and money in their hobby, and some eventually make it a full- or part-time business activity. It’s not a problem as long as the new business turns a profit. And it may be fine as well if the business produces a loss and the taxpayer enjoys the activity — even better if the loss can offset other income. However, if the business consistently generates losses, the IRS could determine that these losses are actually nondeductible hobby losses. This article discusses two ways to avoid the hobby loss rules.
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Coverdell Education Savings Accounts
February 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 189
Abstract: The Coverdell Education Savings Account (ESA) was created as an incentive to help parents and students save for education expenses. This article looks at its benefits and limitations.
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Converting a residence to rental property
February 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 353
Abstract: Recovering real estate values may cause some homeowners to consider converting their personal residence to rental property for investment purposes. But this decision is complex, and its ramifications are far-reaching. This article examines the economic factors that need to be considered.
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Traditional to Roth IRA: Should you convert?
Winter 2014
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 186
Abstract: Traditional IRAs — which can enable individuals to make tax-deductible contributions and defer taxes on earnings — are popular for a reason. So why should anyone convert theirs to a Roth IRA? This article offers some reasons.
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New financial reporting option is available — but not right for everyone
Winter 2014
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 383
Abstract: Recently, the American Institute of Certified Public Accountants introduced an “other comprehensive basis of accounting” called the “Financial Reporting Framework for Small- and Medium-Sized Entities” (FRF for SMEs). Designed to provide a simpler, cost-effective reporting solution for businesses that aren’t required to use Generally Accepted Accounting Principles, it blends traditional and accrual income tax accounting methods. This article explains how the FRF for SMEs works, along with the mixed reviews it’s received.
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3 strategies for transferring assets to your heirs
Winter 2014
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 481
Abstract: In estate planning, how someone owns assets and arranges to transfer them after death can make a big difference to his or her heirs. This article looks at three options: joint tenancy with the right of survivorship; an irrevocable life insurance trust (ILIT); and a credit shelter trust.
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Fraud prevention starts with a background check
Winter 2014
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 535
Abstract: Skipping background checks on prospective employees is like opening the door to fraud. Background checks aren’t foolproof — but they’re capable of revealing many things about potential hires that could eventually affect a business. This article explains how to carry out the process, while a sidebar offers a profile of a typical fraud perpetrator.
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Structuring a tax-free incorporation
January 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 299
Abstract: When forming a corporate entity, one method of capitalization is through a tax-free (actually, tax-deferred) exchange. Properly transferring property to a corporation delays the recognition of any gain on that property until a taxable event occurs. This article lists four requirements for a tax-free incorporation.
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Additional 0.9% Medicare tax
January 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 676
Abstract: Individuals must pay an additional 0.9% Medicare tax on earned income above certain thresholds. This article explains those thresholds and how the tax applies at different income levels depending on the employee’s marital and filing status. It also discusses the effect on self-employed individuals. A sidebar illustrates how the tax works by looking at the case of “Josh and Anna,” whose individual incomes fall below the tax’s threshold, but whose combined income exceeds it.