What is Net Investment Income Tax?
As I have mentioned in past columns, the traditional capital gains tax is not the only…
Asking for a Second Opinion Unlocks Great Tax Benefits
Our U.S. Tax Code is complex and multi-layered, with federal, state and local statutes competing to take their share of…
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…
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…
Tax Loss Harvesting – Timing and Planning Are Key
As your financial advisor will tell you, whenever you have significant losses in a portfolio of assets, you have the…
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…
Real Estate Developer-to-Investor Status Switch Didn’t Fly with IRS
Developing an action plan to maximize the profit you keep in your pocket in anticipation of a coming tax bill…
Apply 20/20 Hindsight Profitably Through Tax Planning
In tax planning, hindsight really is 20/20, for three reasons. First, you can learn from past actions what NOT to…
Tax Planning: A Definition
Tax planning is the work that you do to arrange your personal and professional activities and assets in ways that…
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…