Author: Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 260
Book Description
Planning Opportunities and Pitfalls Under the 1981 Economic Recovery Tax Act
Author: New Planning Opportunities and Pitfalls Under 1981 Economic Recovery Tax Act
Author: Sidney KessPublisher:
ISBN:
Category : Tax planning
Languages : en
Pages : 100
Book Description
Outlines on Planning Opportunities Under the Economic Recovery Tax Act of 1981
Author: Federal Tax Institute of New England. ForumPublisher:
ISBN:
Category : Estate planning
Languages : en
Pages : 390
Book Description
Retirement Tax Planning Opportunities Under the Economic Recovery Tax Act of 1981
Author: Publisher:
ISBN: 9780137789856
Category : Employee fringe benefits
Languages : en
Pages : 16
Book Description
Planning Under the 1981 Economic Recovery Tax Act
Author: Impacts of Business Organization Form on Federal Estate and Income Tax Liabilities of Nonindustrial Private Forest Landowners
Author: Theodore E. HowardPublisher:
ISBN:
Category : Forests and forestry
Languages : en
Pages : 416
Book Description
Detrimental impacts of estate taxes on management of private nonindustrial forests can be mitigated by estate planning which considers organizational forms of forest businesses and methods for funding estate settlement costs. This study's objective was to determine effects of business form and estate funding method on income and estate tax liabilities of nonindustrial owners. A deterministic, legal-economic forest estate management model was used to simulate estate and income tax consequences of alternative business form and funding method combinations for typical Oregon nonindustrial forest owners. Business forms analyzed were sole proprietorships, partnerships, close corporations, Subchapter S corporations and testamentary trusts. The three estate funding techniques were immediate timber capital liquidation, deferrals through Internal Revenue Code section 6166 and loans, and life insurance. Subchapter S corporations and partnerships, coupled with deferrals, were expected to have the least income and estate tax-induced reductions in present value of gross cash value. Sensitivity of results was tested by changing seven parameters: alternate rate of return, life expectancies, real land and timber price trends, total forest acreage, initial forest age class distribution, management regime, and rotation age. Simulation results were consistent across base and sensitivity runs. Testamentary trusts were least costly due to estate tax savings obtained by excluding part of the business from the widow's estate and income tax savings caused by post-mortem step-ups in timber cost basis. Partnerships and Subchapter S corporations were almost as cost effective because spreading business interests among family members reduced effective estate and income tax rates. Because its costs are postponed farthest, immediate liquidation was the preferred funding option. Deferrals frequently created negative after-tax cash flows during loan repayment periods. Forest owners should select business forms which allow reductions in the business interest includable in the widow's estate, preserve timber income's treatment as long-term capital gains, and provide income tax savings by spreading income among family members and utilizing post-mortem step-ups in cost basis. Trusts, partnerships, and Subchapter S corporations have these attributes. Despite changes enacted in the Economic Recovery Tax Act of 1981, land owners, dependent on forest income, may still encounter estate tax-induced cash flow problems.
America's New Beginning
Author: United States. President (1981-1989 : Reagan)Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 304
Book Description
ABA Journal
Author: Publisher:
ISBN:
Category :
Languages : en
Pages : 156
Book Description
The ABA Journal serves the legal profession. Qualified recipients are lawyers and judges, law students, law librarians and associate members of the American Bar Association.
The Sid Kess Approach
Author: Publisher: John Wiley & Sons
ISBN: 1937350460
Category : Business & Economics
Languages : en
Pages : 160
Book Description
The AICPA created this book to celebrate Sid Kess’ many contributions to the CPA profession and, more important, to capture Sid’s unique approach. The book explores the question of how one man has done so much and impacted so many people. The answers to this question provide distinct methods that all CPAs can apply to their practices and to their lives. Over 70 contributions from Kess’s colleagues, students, and friends describe his use of these approaches to further careers, foster client relationships, teach successfully, and create happiness.
ABA Journal
Author: Publisher:
ISBN:
Category :
Languages : en
Pages : 138
Book Description
The ABA Journal serves the legal profession. Qualified recipients are lawyers and judges, law students, law librarians and associate members of the American Bar Association.