Let’s say you own highly appreciated land and now it’s ripe for development. If you subdivide it, develop the resulting parcels and sell
If you’re age 50 or older, you can probably make extra “catch-up” contributions to your tax-favored retirement account(s). It is worth the trouble?
If you play a major role in a closely held corporation, you may sometimes spend money on corporate expenses personally. If you don’t
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. How
“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The scams may come
If you own an unincorporated small business, you probably don’t like the size of your self-employment (SE) tax bills. No wonder! For 2023,
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