Does Your Estate Plan Consider Income Taxes?
Like most people, you may have very clear ideas about the legacy you intend to leave to your loved ones. And your
Investing for Tax-Favored Income
If you are seeking a steady income stream from your portfolio while trying to minimize the tax impact of that income, you
The Top 5 Ways Businesses Get in Trouble With the IRS
As a business owner, you probably know that willfully avoiding paying taxes will lead to severe problems with the IRS; however, IRS
IRS Begins to Resume Collection Process
IRS webpage: IRS Operations During COVID-19: Mission-critical functions continue (6/15/2021) The IRS reports that it is resuming certain collection and enforcement processes
Tax Rules for Selling Inherited Property
Sooner or later, you may decide to sell property you inherited from a parent or other loved one. Whether the property is
Be Proactive When it Comes to Business Issues
Your manager breaks her leg playing softball and will be out for a month. Or your receptionist’s husband lands his dream job,
What You Need to Know About Incorporating Your Business
Incorporating your small business the right way can bring tax benefits and protect your personal assets. Read on to learn more about
Avoiding Capital Gains Taxes with a 1031 Exchange
Savvy investors can build wealth by deferring capital gains taxes via a 1031 exchange. This article highlights what that is, how it
Treatment of Business Expenses Paid with PPP Loan Funds
In December 2020, Congress passed the Consolidated Appropriations Act, 2021. The Act includes the COVID-related Tax Relief Act of 2020, which provides
Tax Concerns for the Self-Employed
If you’re in business for yourself, you know how challenging it can be to run your business and keep on top of
Economic Injury Disaster Loans in 2021
The purpose of Economic Injury Disaster Loans (EIDL) is to help businesses meet financial obligations and cover operating expenses that could have
Employee Retention Tax Credit (ERTC)
Eligible employers are entitled to an Employee Retention Tax Credit (ERTC) of up to 70 percent of the first $10,000 in wages