Kemper API


3 Essential Estate Planning Strategies Not To Be Ignored

Image: 2021-09/estate-planning-560x292.jpg

With most tax planning, there are certain strategies that are generally effective and shouldn’t be ignored. The same holds true for estate planning. Here are three essential estate planning strategies to consider that may help you achieve your goals. 1. Use An ILIT To Hold Life Insurance …

Written by Kemper Web Team on Thursday September 23, 2021

Business Deductions

Image: 2021-09/business-deductions.jpg

Taxpayers who engage in businesses to make a profit can generally deduct related expenses on their tax returns. In one case, a retired taxpayer pursued new ventures including acting. She devoted 35-45 hours weekly to acting, sought help from professionals and operated in a businesslike manner. The …

Written by Kemper Web Team on Tuesday September 21, 2021

Claiming A Theft Loss Deduction If Your Business Is The Victim Of Embezzlement

Image: 2021-09/theft-loss-560x292.jpg

A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it does but you’ll have to substantiate the loss. A recent U.S. Tax Court decision illustrates how that’s sometimes difficult to do. Basic Rules For Theft Losses …

Written by Kemper Web Team on Thursday September 16, 2021

3 Ways Fraud Experts Use Data Analytics

Image: 2021-09/fraud-data-analytics-560x292.jpg

Forensic accountants have long used technological tools to uncover fraud schemes. But recent advances in “big data” have provided even better, more efficient techniques for identifying suspicious activities and dishonest employees. These are three common types of data analytics used by fraud …

Written by Kemper Web Team on Tuesday September 14, 2021

Financial Reporting Issues To Consider In “Going Private” Transactions

Image: 2021-09/financial-reporting-560x292.jpg

In the midst of mounting inflation, supply shortages, geopolitical turmoil, threats of cyberattacks and continuing COVID-19 concerns, public stock prices are expected to fluctuate in the coming months. This situation has unsettled shareholders and makes long-term strategic planning challenging. Now …

Written by Kemper Web Team on Thursday September 9, 2021

Want To Find Out What IRS Auditors Know About Your Business Industry?

Image: 2021-09/irs-auditors-560x292.jpg

In order to prepare for a business audit, an IRS examiner generally does research about the specific industry and issues on the taxpayer’s return. Examiners may use IRS “Audit Techniques Guides (ATGs).” A little-known secret is that these guides are available to the public on the IRS website. In …

Written by Kemper Web Team on Tuesday September 7, 2021

941 Refund or Notice

Image: 2021-09/refund-notice.jpg

Attention clients! If you received an unexpected refund check or notice in the mail from the IRS regarding your Form 941, please reach out to your accountant. Several employers have received refund checks or IRS notices regarding their Form 941. If you received a check, it will reference F-941 …

Written by Kemper Web Team on Friday September 3, 2021

A Tenancy-In-Common Interest Can Ease Distribution Of Real Estate

Image: 2021-08/tenancy-in-common-560x292.jpg

If your estate includes significant real estate investments, the manner in which you own these assets can have a dramatic effect on your estate plan. One versatile estate planning option to consider is tenancy-in-common (TIC) ownership. What Is Tenancy-In-Common? A TIC interest is an …

Written by Kemper Web Team on Thursday September 2, 2021

Put Some Muscle Behind Your Nonprofit’s Capacity-Building Effort

Image: 2021-08/muscle-nonprofit-560x292.jpg

Economic instability caused by the pandemic may have your nonprofit scrambling to find funding. But just as important is making internal adjustments that build your nonprofit’s capacity to fulfill its long-term mission. However, you may want to tweak the standard capacity-building process. …

Written by Kemper Web Team on Thursday August 26, 2021