There is always a temptation to just sell off assets that you've accumulated and take the cash. But that generally results in a tax bill. There may be a way to profit more from...
Taxes
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...
Will You Be Hit With AMT?
The end of the year is approaching so it's time to identify tax planning moves you should make before December 31st. The first step is for our firm to make a projection of your...
What is Blockchain and how will it change accounting?
Like it or not, blockchain is here to stay, and accounting is one industry that is sure to see disruption. Blockchain began as the technology behind Bitcoin, the most popular...
Partnerships Must Prepare for New Audit Regime
Originally posted in January, the IRS has reissued proposed regulation that implements the centralized partnership audit regime. Mandatory implementation takes effect January 1,...
Individual Year-End Tax Planning
Dramatic tax changes may be over the horizon with Donald Trump in the White House and Republicans maintaining a majority in Congress. Most likely, many provisions will not go...
Estate Planning When Your Spouse is Not a U.S. Citizen
In today's world, it's not uncommon for a U.S. citizen who lives in this country to be married to a non-citizen who is a resident. Or two non-citizens may be married to each...
One-of-a-Kind Assets Require a Unique Valuation Approach
Problems can arise when valuing estates that hold assets produced by the personal or artistic efforts of a decedent. The assets of two deceased celebrities, singer Michael...
Reducing Audit Risks
While only the IRS knows the criteria for audits, some items are likely to increase your odds of an audit: Not reporting all income on 1099s and W-2s. The IRS has a thorough...
Dividing Assets and Tax Bills in Divorce
When a divorce happens, there are often major financial consequences and some important tax issues too. Here are the tax rules that generally apply when a couple's assets are...
