If you’re thinking about selling stock shares at a loss to offset gains you’ve realized this year, it’s important to watch out for the “wash sale” rule. The
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction
You can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from a traditional IRA (including a SIMPLE IRA or SEP IRA) when you
If you’re launching a new business, you’re probably wondering which form of business is most suitable for your needs. Here’s a summary of the major advantages and disadvantages
Most businesses have at least some intangible assets. The tax treatment of these assets can be complex. What makes intangibles so complicated? IRS regulations require the capitalization of
Overall the stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider some moves to make the best tax use
The holiday season is here and many people plan to donate to their favorite charities or give money or assets to their loved ones before the end of
Many people have savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself. You may
Today, most businesses buy or lease computer software to use in their operations. Or perhaps your business develops computer software to use in your products or services or
Two tax benefits are available to offset the expenses of adopting a child. In 2022, adoptive parents may be able to claim a credit against their federal tax
Business owners don’t need to be reminded the cost of employee health care benefits keeps going up. One way to provide some of these benefits is through an
The effects of inflation are all around us. You’re probably paying more for gas, food, health care and other expenses than you were last year. Are you wondering
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