Defer Tax with a Like-kind Exchange
With real estate prices up in some markets, the “like-kind” exchange strategy may be attractive if you want to sell commercial or investment real estate.
There’s A Deduction For Student Loan Interest…But Do You Qualify For It?
College is expensive and you may have taken student loans to pay for it. Can you deduct the interest you pay on these loans? Here are the rules.
Providing A Company Car? Here’s How Taxes Are Handled.
Providing a company car to executives at your business is a prized perk. Here are the basic tax rules involved in this fringe benefit.
How Are Court Awards and Out-of-court Settlements Taxed?
If you’re going to receive a personal injury or discrimination settlement or award, you want the best tax result possible. Here are the basic rules of when amounts are tax free or taxable.
With Year-End Approaching, 3 Ideas That May Help Cut Your Bill
Before you know it, we’ll be ringing in 2022. You may still have time to reduce your 2021 federal tax liability by taking these steps.
New Digital Asset Reporting Requirements Will Be Imposed in Coming Years
Buried in the infrastructure law that was just enacted is a change in the way cryptocurrency transactions are reported to the IRS.
Businesses Can Show Appreciation – And Gain Tax Breaks – With Holiday Gifts and Parties
Is your business giving holiday gifts to employees or customers this year? Or are you throwing a holiday party? Here are the tax rules.
Feeling Generous at Year End? Strategies for Donating to Charity or Gifting to Loved Ones.
Feeling generous this year? Here are the basic rules for charitable contributions and gifts to loved ones.
Factor in Taxes if You’re Relocating to Another State in Retirement
Moving closer to family members and taking advantage of warmer weather are just two reasons why many people retire to another state. Don’t forget to consider state and local tax implications before you make a move.
Get Your Piece of the Depreciation Pie Now With Cost Segregation Study
Your business may gain substantial tax benefits with a cost segregation study, but they’re not right for everyone. Here’s how this strategy can help accelerate depreciation tax deductions on the building that houses your operation.