If you own assets that have appreciated significantly over the years, you may be able to profit more by giving them away than by selling them. By setting up a charitable...
Save on Taxes While Doing Good
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Taxes
INSIGHT: When is a Rental Property a Trade or Business?
BY JAMES M. KEHL, PUBLISHED BY BLOOMBERG TAX After the proposed regulations concerning the qualified business income (QBI) deduction were published, a CPA, who is a tax...
It’s Tax Time All Year Round
Here are just five of the tax-smart decisions we can help you make during the year. If handled properly, they might significantly reduce your tax liability: 1. Should you buy or...
Are Your Books Well-Adjusted?
Appropriate adjusting entries turn your books from a simple list of transactions into a far more accurate reflection of how your business is doing. You may think that as long as...
The Benefits of Outsourcing Accounting and Bookkeeping
You might think your company saves money by handling bookkeeping and accounting services in-house. But many companies find that's not the case. Let's take a look at some of the...
Uncle Sam Wants YOU to File
There's one thing that Uncle Sam is serious about it: Taxpayers must file federal income tax returns when required. The IRS is notoriously tough on no-shows and insists tax...
The Offer in Compromise Rules: How They Work
You may have seen the television ads that promise to settle tax liabilities for "pennies on the dollar." The process, which involves the IRS Offer in Compromise program, is not...
IRS Publications of Interest to Homeowners
Here is a library of IRS publications covering issues of concern to homeowners. The rules are often complicated and can be difficult to implement. Contact us if you need further...
You May Want to Separate Real Estate Assets from Your Business
Many companies choose not to combine real estate and other assets into a single entity. Perhaps the business fears liability for injuries suffered on the property. Or legal...
A Wise Approach to College Savings
Saving for college is one of the most daunting financial tasks a family can face, taking as much commitment and careful planning as arranging your estate. But there's a powerful...