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Hobby or Business? How to Treat COVID-19 Sideline Activities for Taxes

August 3, 2020

Today, many people sell homemade products online or work on some unincorporated sideline venture outside of their regular day jobs.…

Good records are the key to tax deductions and trouble-free IRS audits

July 1, 2020

If you operate a small business, or you’re starting a new one, you probably know you need to keep records…

Is it time to reopen your business? 10 Questions to Ask Yourself

June 3, 2020

Businesses across America that have been shut down due to the novel coronavirus (COVID-19) pandemic may now (or soon) have…

Scholarships: Tax Free or Taxable?

October 4, 2020

COVID-19 is changing the landscape for many schools this fall. But many children and young adults are going back, even…

Family Business Tax-Saving Moves In The Covid-19 Era

September 2, 2020

Many family businesses have been adversely affected by the novel coronavirus (COVID-19) pandemic. But there’s a silver lining: Proactive tax…

Take Advantage of “Stepped Up Basis” When You Inherit Property

August 3, 2020

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for…