Tax Basis for Inherited or Gifted Property: Implications for S Corporations and Partnerships
In a previous blog, we discussed tax basis—the amount that a taxpayer has invested in business assets, which determines the gain or loss when the
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Recent blogs
Business Losses and PPP Loans: Understanding Tax Implications for S Corp Shareholders
Business losses have become all-too common during COVID-19. Though new
The Real Estate Tax Implications of California Prop 19
California Prop 19, also known as “The Home Protection for
Extensions to the Paid Sick Leave and Family Leave Credits in 2021
Employers will continue to see tax benefits for providing paid
Navigating Changes to the 2021 Dependent Care Credit
The Dependent Care Credit is available to taxpayers who pay
Understanding the 2021 Changes to the Child Tax Credit
Taxpayers who have children in their care should be aware
The Section 1244 Small Business Stock Loophole
This week’s blog focuses on a loophole to the $3,000
Defining Material Participation
If you haven’t looked at last week’s blog (“Reclassifying Non-Passive
Reclassifying Non-Passive Income
One strategy regarding income recharacterization is to shift non-passive income
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