Texas Apartment Owner Sells – Defers Taxes Due Without 1031…
The tax deferral method most investment property owners use is the 1031 exchange. This IRS code tool encourages more active management…
State and Local Tax Impacts on a Business Sale
Tax implications triggered by the sale of a business can get complicated when you add state-based…
Strategic vs. Tactical Tax Planning
If you search online for “tax planning” advice, you get a lot of information on the tactical management of tax…
Cost Segregation: A Highly Valuable Tax-Saving Tool
Cost segregation is a tax-saving tactic that segments certain components of improved property you own by “class” or type of…
Are You a Savvy Taxpayer or a Plucked Goose?
Tax season for most CPAs begins in January and ends April 15th. Businesses and individuals have received most of their…
What is Net Investment Income Tax?
As I have mentioned in past columns, the traditional capital gains tax is not the only…
Dentist Sells Practice After 30 Years – Defers Taxes Due…
The sale of a long-running business usually triggers a big tax bill, and small business owners often struggle to cover…
Tax Strategies for the Super-Rich Can Also Apply to the…
An article appeared in the New York Times about how the “super-rich” use their money and influence to appropriately…
IRS Audits vs. Tax Planning – Tax Planning Offers You…
Did you know that statistics can offer some very interesting insights about probabilities? Take, for example, the probability of you…
IRS Seeks to Limit Minority-Interest Estate Tax Moves
For years the IRS has been asking Congress to close a number of loopholes in tax law through which savvy…