5 Critical Questions to Ask Your Accountant About Tax Planning BEFORE Tax Season
Do you feel that you pay too much in tax? You’re not alone. The General Accounting Office estimates that Americans over-pay their taxes by almost
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Recent blogs
GoFundMe Receipts and IRS Rules
Aside from contribution-only donations to established 501(c)(3) charities, the gift/non-gift distinction has always been rather subjective. For example, assume you give money to a children’s
Real Estate Tax Savings: The 121 Exclusion—How to Qualify (Even if You are an Exception to the Rule)
More and more Americans are starting to use real estate as a primary or secondary income source. From renting out a space as an Airbnb
Real Estate Tax Savings: Using a Property for Short-Term Rentals
Looking to invest in real estate? The many tax loopholes available can make this an attractive source of income—but first-time property owners may feel uncertain
A Parent’s Guide to Financial Planning for Higher Education
By Susan Doktor See that cooing, cuddly bundle of baby love you’re rocking in the cradle right now? You’ll be sending him or her off
Three Requirements for Using Personal Goodwill to Reduce Taxes
What does personal goodwill have to do with the sale of a business? Business owners looking to maximize their profits from selling their shares or
Eight Tax-Saving Ways to use Personal Goodwill
Selling your business may not be as profitable as you expect, especially if you have not taken the tax consequences into consideration. Business owners need
Five Tips to Avoiding the Tax Hazards of Renting to Relatives
If you have more than one home, renting one to a relative may appear at first glance to be a win/win. A son, daughter, cousin
TAX PLANNING 101: Ideas for Reducing Taxable Income and Maximizing Tax Credits Part 2
We are continuing to bust the myth that significant tax savings are only applicable to the rich and wealthy. Countless moderate-income earners are utilizing the
TAX PLANNING 101: Busting the Myth that Tax Planning is Only for the Rich! Part 1
By now, everyone has figured out that America’s wealthy and elite are not always avoiding taxes through illegal means. There are thousands of court-tested, law-abiding
Business debt restructuring: How to do it with money saved on taxes
It’s common practice for businesses to take on debt, but unforeseen occurrences like a recession or a pandemic might make it more challenging to make
