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Asset vs Stock Sale of Business

August 29th, 2017|Categories: Burns Firm|

Another important question to address when negotiating a sale is whether the deal should be structured as an asset or stock sale. Asset sales. The buyer gets to cherry-pick the [...]

Yes, you can undo a Roth IRA conversion

August 24th, 2017|Categories: Burns Firm|

Converting a traditional IRA to a Roth IRA can provide tax-free growth and the ability to withdraw funds tax-free in retirement. But what if you convert a traditional IRA — [...]

Business Casualty Losses

August 16th, 2017|Categories: Burns Firm|

What happens if your business property — rather than your personal-use property — is stolen, vandalized or otherwise damaged by an event? The same basic casualty and theft loss rules [...]

Getting Your Business Sale Ready

August 10th, 2017|Categories: Burns Firm|

If you're planning to sell your business in the near future, it's a good idea to "dress" your business for success to help attract the most potential suitors. Here are [...]

Will Congress revive expired tax breaks?

August 8th, 2017|Categories: Burns Firm|

  Most of the talk about possible tax legislation this year has focused on either wide-sweeping tax reform or taxes that are part of the Affordable Care Act. But there [...]

Deducting Losses from a Disaster

July 13th, 2017|Categories: Burns Firm|

  Information provided by the IRS If you suffer damage to your home or personal property, you may be able to deduct the loss incurred on your federal income tax return. And [...]

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