risk-of-loss – Easy Law Finder

IRS Starting to Challenge Popular Tax Deferral Technique

May 18, 2024

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A recent article in Forbes talks about a tax strategy called a variable prepaid forward contract (VPFC). It’s a deal where someone who owns a bunch of stock gets a big sum of money upfront in exchange for promising to deliver some of their stock later. This can be useful for people who have a…

Qualified Dividend Income Under the 2003 Tax Act

May 18, 2024

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Elf

in Florida BAR article

The 2003 Tax Act reduced federal income tax on certain dividend income, but it also changed the rules for deducting interest on investment properties. This means that for some taxpayers, the tax savings on dividends may not be worth the loss of deductions for interest expenses. Basically, Congress made a rule in 2003 that allows…

“Can Your Company Get a Tax Break for Dividends? | Financial Experts Explain”

Mar 7, 2024

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by

Elf

in Blog article

– The dividends-received deduction is available to C corporations when they receive dividends. – The deduction is typically 50% of the dividend, reducing the amount of the dividend subject to tax. – If a corporation owns 20% or more of the payor’s stock, the deductible percentage of the dividend increases to 65%. – Dividends from…

“Florida Court Rules Tenant’s Insurance Payments Don’t Guarantee Coverage”