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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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
6 ways you can reduce your children’s taxes and get out of debt with the money saved
Taxes can be stressful. The last thing you want to do is send more of your hard-earned money to the government. Fortunately, various tax reduction
Tax Planning Software – Artificial Intelligence or Skill Saw?
By Dominique Molina, CPA MST CTS Question: How much time should I devote to studying tax planning? Can’t I just select a software providing artificial
Selling an S Corporation: Using a Stock Redemption for Tax Benefits
As part of the tax planning process, business owners looking to sell their S corporation first need to establish whether they are selling the stock
Selling an S Corporation: How to Maximize Tax Savings in an Asset Sale
Business owners looking to sell their S corporation may start to get tangled up in all the details, especially if they are a first-time seller.
Evaluating a Tax Preparer: Understanding Reasonable Tax Positions
One of the many benefits of working with a tax professional is the guidance they provide in developing tax return positions that substantiate why certain
Evaluating a Tax Preparer: Determining a Fair Fee
As news headlines proclaim stories of tax fraud, taxpayers may wonder how they can trust that their tax preparer is abiding by ethical practices. Fortunately,