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…
What is Net Investment Income Tax?
As I have mentioned in past columns, the traditional capital gains tax is not the only…
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…
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…
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…
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…
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…
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…
December Tax Planning: Expenses Up, Revenue Back? Not Always.
For business and property owners, though, it should also be the time to look into the next fiscal year and…