Real estate generates more tax questions for small business owners than almost any other asset class. Sale of a personal home, rental property income, commercial real estate owned
If you are self-employed, an S-Corp owner, a partnership owner, or a high earner with non-wage income, the IRS expects you to pay tax during the year, not
Get ready: The upcoming presidential and congressional elections may significantly alter the tax landscape for businesses in the United States. The reason has to do with a tax
Many Americans receive disability income. If you’re one of them, or could be in the future, you may be asking yourself: Is the income taxed and if it
Pretty much every business has a website today. Despite their widespread use, the IRS hasn’t issued formal guidance on when website costs can be deducted. But there are
Savings bonds are often purchased by many Americans to help fund college or show their patriotism. Series EE bonds, which replaced Series E bonds, were first issued in
While much of the economy has improved this year, the rising cost of living and other economic factors have caused many businesses to close their doors. If this
Divorce involves several difficult personal issues, and taxes are probably the farthest thing from your mind. However, some tax concerns may need to be addressed to ensure taxes
Are you buying a business which will have one or more co-owners? Or do you already own one fitting this description? If so, consider installing a buy-sell agreement.
Most small business owners spend years building a business, optimizing tax structures, and accumulating retirement savings. Then they leave estate planning for later. The problem is that “later”
You should understand the tax implications if you’re selling property used in your trade or business. There are complex rules which could potentially apply. To simplify this discussion,
If you’re a philanthropic individual who is also obligated to take required minimum distributions (RMDs) from a traditional IRA, you may want to consider a tax-saving strategy. It
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