Maximizing real estate returns with cost segregation
Want to make your real estate work harder for your financial goals? Explore cost segregation, a tax strategy that can accelerate depreciation deductions and increase short-term cash flow.
IRS moves forward in Employee Retention Credit processing
The IRS is making significant strides in processing Employee Retention Credits. Gain a deeper understanding of these recent updates and their implications for your business. Stay ahead of the curve by reading our latest article.
Alternative Minimum Tax basics for individuals
Understanding the Alternative Minimum Tax (AMT) can be complex, but it's essential for strategic tax planning. This article guides you through the process of calculating your AMT and offers useful strategies for minimizing its impact.
Preparing for the post-TCJA era: corporate tax changes for 2026 and beyond
Discover what the post-TCJA era has in store for corporate tax changes in 2026 and beyond. This article clarifies the complex tax landscape and offers valuable foresight for businesses. Don't miss out on this opportunity to stay ahead of the curve and prepare your company for the future.
2024 Update: waiver of RMDs for inherited IRA beneficiaries
The IRS's latest notice suspends RMDs for some inherited IRAs in 2024, offering beneficiaries a financial breather. Find out if you qualify for this waiver and how it affects your tax obligations.
Understanding the Form 8300 e-filing requirements for cash transactions over $10,000
Over the past year, the IRS has taken strides to digitize paper returns and make the filing process more convenient for taxpayers. On March 14th, the IRS unveiled an electronic filing (e-filing) system for Form 8300, Report of Cash Payments Over $10,000. This…
What Impact Does the Recent Lawsuit Have on Your Beneficial Ownership Reporting?
As you probably know, most US businesses are required to report company ownership information to the Financial Crimes Enforcement Network (FinCEN) by the end of 2024. The purpose of this “beneficial ownership” reporting (part of the Corporate Transparency Act (CTA)) is to…
What Does It Mean When Your Tax Return is Extended?
Nobody wants additional scrutiny from the IRS, right? If your tax return is extended, does it wave a red flag in the IRS system? Does it make your return more likely to be selected for an audit? Not at all.…
Answers to Your Tax Season Questions
The IRS announced it will open the 2024 income tax return filing season on January 29. That’s when the tax agency will begin accepting and processing 2023 tax year returns. Here are answers to seven tax season questions we receive…
Defer a current tax bill with a like-kind exchange
If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange. With this transaction, you exchange the property rather than sell…