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Category: Management

Moving-Mom-or-Dad-into-a-nursing-home

Moving Mom or Dad Into a Nursing Home? 5 Potential Tax Implications

More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not

sell-appreciated-land

A Tax-Smart Way to Develop and Sell Appreciated Land

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

Retirement-account-catch-up-contributions

Retirement Account Catch-Up Contributions Can Add Up

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?

Corporate-officers-or-shareholders-expenses

Corporate Officers or Shareholders: How Should You Treat Expenses Paid Personally?

If you play a major role in a closely held corporation, you may sometimes spend money on corporate expenses personally. If you don’t

estate-plan-income-tax-planning

Inheriting Stock or Other Assets? You’ll Receive a Favorable “Stepped-Up Basis”

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

email-or-text-from-the-IRS-scam

That Email or Text from the IRS: It’s a Scam!

“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The scams may come

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