Investors: Beware of the wash sale rule
A tried-and-true tax-saving strategy for investors is to sell assets at a loss to offset gains that have been realized during the year. So if you’ve cashed in some big [...]
A tried-and-true tax-saving strategy for investors is to sell assets at a loss to offset gains that have been realized during the year. So if you’ve cashed in some big [...]
School is back in session. So, it's time for a refresher on tax breaks for work-related education expenditures. Here's what individual taxpayers need to know. American Opportunity Credit The American [...]
Information from IRS.gov If you own your home, you may qualify to exclude from their income all or part of any gain from the sale of their main home. To [...]
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may [...]
Charitable giving allows you to help an organization you care about and, in most cases, enjoy a valuable income tax deduction. If you’re considering a large gift, a noncash donation [...]
It can be a hard choice to make, but successful companies often have to make strategic decisions to "fix it or exit." In other words, every element of a business [...]
At back-to-school time, much of the focus is on the students returning to the classroom — and on their parents buying them school supplies, backpacks, clothes, etc., for the new [...]
Information from IRS.gov If you are moving you may be able to deduct certain expenses of moving to a new home because you started or changed job locations. Home means [...]
Information from IRS.gov If you are divorcing or recently divorced you need to consider the impact divorce or separation may have on your taxes. Alimony payments paid under a divorce [...]
It’s a safe bet that state tax authorities will let you know if you haven’t paid enough sales and use taxes, but what are the odds that you’ll be notified [...]
Revenue is the top line of your company's income statement. So, it tends to receive a lot of attention from investors, lenders and other stakeholders. Why? Changes in revenue can [...]
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 [...]
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 — [...]
The IRS offers cost-saving suggestion. See below: Many parents send their children to summer day camps while they work or look for work. The IRS urges those who do to [...]
The IRS offers the following information for members of the military: Members of the military may qualify for tax breaks and benefits. Special rules could lower the tax they owe [...]