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What to Do if You Receive an IRS Letter
Don’t panic and know what to do if you receive an IRS letter. Learn the key steps to take and how to plan your next move.
tax-advantages-of-including-debt-in-a-C-corporation-capital-structure

The Tax Advantages of Including Debt in a C Corporation Capital Structure

Let’s say you plan to use a C corporation to operate a newly acquired business or you have an existing C corporation in

turn-a-hobby-into-a-business

Pay Attention to the Tax Rules if You Turn a Hobby into a Business

Many people dream of turning their hobby into a regular business. Perhaps you enjoy boating and would like to open a charter fishing

Growing-your-business-with-a-new-partner

Growing Your Business with a New Partner: Here Are Some Tax Considerations

There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your

Taxes-selling-appreciated-vacation-home

Taxes When You Sell an Appreciated Vacation Home

Vacation homes in upscale areas may be worth way more than owners paid for them. This is great for getting a higher price,

When-partners-pay-businessexpenses

When Partners Pay Expenses Related to the Business

It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships

income-in-respect-of-a-decedent

Watch Out for “Income in Respect of a Decedent” Issues When Receiving an Inheritance

Most people are genuinely appreciative of inheritances. Who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be

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