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 >
There’s been a significant increase in new business applications in recent years. Finance company NerdWallet estimates that 2.8 million new business ... 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 >
Many people currently qualify for a 0% federal income tax rate on net long-term capital gains (LTCGs) and qualified dividends earned in their taxable ... Read More >
Every two years, the Association of Certified Fraud Examiners (ACFE) publishes a study detailing the costs, schemes, perpetrators and victims of occupational ... Read More >
If you’re age 50 or older, you can make extra “catch-up” contributions to certain types of retirement accounts. Many people fail ... Read More >
The rules for deducting depreciation expenses on vehicles used for business purposes have been liberalized under current tax law, but they remain complicated. ... Read More >
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for significant ... 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 >
Starting in 2024, employers can offer their non-highly compensated employees the option to participate in emergency savings accounts that are linked ... Read More >
If you’re an “experienced” taxpayer, you’re probably entitled to some age-based federal income tax breaks that younger taxpayers ... Read More >
The general business credit (GBC) may help certain small businesses cut their federal income tax obligations significantly. This is an “umbrella” ... Read More >
Are you planning to take a business trip this summer? If your destination is known for its cultural or recreational attractions, you might want to ... Read More >
For years, the tax code has offered an incentive for employers to provide child care to their employees in the form of the Section 45F child care tax ... Read More >
President Biden’s proposed budget for the 2025 fiscal year include numerous tax provisions affecting both businesses and individual taxpayers. ... Read More >
With the high cost of college, many parents begin saving with a 529 College Savings Plan when their children are babies. Contributions to these plans ... 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 >