Tips to Minimize the Kiddie Tax
The "kiddie tax" prevents parents from shifting income-producing assets to children to take...
Posts about
Tax planning (2)
R&E Capitalization Has Unintended Effect on Small Businesses
The Tax Cuts and Jobs Act (TCJA) brought a significant, albeit delayed, change to the tax treatment...
IRS Targets Certain Conservation Easements
Conservation easements can be an effective way for wealthy taxpayers to achieve their philanthropic...
Possible Expiration of Key TCJA Provisions Could Affect Individual Taxpayers
The Tax Cuts and Jobs Act (TCJA) made sweeping changes to the federal tax rules for individual...
It’s Time to Think about Today’s Favorable Gift and Estate Tax Rules
The Tax Cuts and Jobs Act (TCJA) dramatically increased the unified federal gift and estate tax...
Seniors: You Might Not Want to Sell that Highly Appreciated Home
In recent years, the residential real estate markets in many areas have surged. That means there...
Business Owners: Failure to Substantiate Donations Can Be Costly
Charitable donations can provide businesses with significant tax savings. But for gifts over a...
Computing Tax Basis Counts when Selling a Highly Appreciated Home
Residential real estate prices in many markets have surged over the last few years. As a homeowner,...
How to Manage Taxes in Retirement
You're planning and saving money for a financially secure retirement. Good for you! But don't...
What Can Your Small Business Do Now to Lower Taxes for 2024?
Summer is a good time to take stock of how your small business is doing this year and consider...