If you inherit assets after a loved one passes away, they often arrive with a valuable — but frequently misunderstood […]
Understanding the “step-up in basis” when inheriting assets Read More »
Suppose you’re thinking about setting up a retirement plan for yourself and your employees. However, you’re concerned about the financial
Explore SEP and SIMPLE retirement plans for your small business Read More »
Once your 2024 tax return is in the hands of the IRS, you may be tempted to clear out file
What tax documents can you safely shred? And which ones should you keep? Read More »
With summer fast approaching, you might be considering hiring young people at your small business. If your children are also
Turn a summer job into tax savings: Hire your child and reap the rewards Read More »
Tuesday, April 15 is the deadline for filing your 2024 tax return. But another tax deadline is coming up the
An essential tax deadline is coming up — and it’s unrelated to your 2024 return filing Read More »
Some tax sins are much worse than others. An example is failing to pay over federal income and employment taxes
Small business alert: Watch out for the 100% penalty Read More »
When we prepare your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing
Discover if you qualify for “head of household” tax filing status Read More »
For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An
Are you a tax-favored real estate professional? Read More »
Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a
Deduct a loss from making a personal loan to a relative or friend Read More »
