Computing Tax Basis Counts when Selling a Highly-Appreciated Home
Residential real estate prices in many markets have surged over the last few years. As a homeowner, you may be sitting on a significant unrealized ... Read More >
Residential real estate prices in many markets have surged over the last few years. As a homeowner, you may be sitting on a significant unrealized ... Read More >
Charitable donations can provide businesses with significant tax savings. But for gifts over a certain amount, they must obtain a contemporaneous ... Read More >
Prices in many residential real estate markets have surged over the last few years. As a result, you may be sitting on a significant unrealized gain, ... Read More >
Payroll fraud is a threat to any business that pays employees or contractors. Unfortunately, this type of financial crime can go undetected for months—even ... Read More >
The Inflation Reduction Act (IRA) established and expanded numerous incentives to encourage taxpayers to increase their use of renewable energy and ... Read More >
It’s a presidential election year again! With campaign season gearing up, many individuals and businesses will be reaching into their wallets ... Read More >
President Biden’s proposed budget for the 2025 fiscal year include numerous tax provisions affecting both businesses and individual taxpayers. ... Read More >
The head of household (HOH) federal tax filing status is often misunderstood by taxpayers who might qualify, including single, divorced, or legally ... Read More >
A recent report shows that post-pandemic global business travel is going strong. The market reached $665.3 billion in 2022 and is estimated to hit ... Read More >
The U.S. Department of Labor’s (DOL’s) test for determining whether a worker should be classified as an independent contractor or an employee for ... Read More >
The IRS announced it will open the 2024 income tax return filing season on January 29. That’s when the tax agency will begin accepting and processing ... Read More >
Understanding the payroll tax rules can be challenging when your company hires workers or the personal situations of existing employees change. Employers ... Read More >
Open enrollment for health care benefits has begun at many companies. If your employer lets you choose from a menu of healthcare plans, it’s ... Read More >
Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation. Some businesses offer them instead of stock ... Read More >
Many Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains or in a resort area, ... Read More >
In December 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Among other things, the sweeping ... Read More >
Is it time to close your small business? Unfortunately, closing isn’t as simple as handing over the keys to a landlord or even selling a building ... Read More >
As an investor, you may want to look beyond the stock market and fixed-income alternatives. Allocating some of your money to gold and other precious ... Read More >
Private businesses implemented new lease accounting rules in 2022, resulting in a major shift in how leases are reported for “book” purposes. ... Read More >
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 ... Read More >