Ethical Concerns in Using Tax Planning Software
What are my ethical responsibilities when I use software to produce a tax plan? In the world of taxes, there are many ethical issues that
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Recent blogs
Tax Implementation Guides: Income Shifting as a Tax Strategy
Any sophisticated tax strategy needs at least one thing to be successful: an implementation plan. While you may have a clear vision in mind for
Tax Implementation Guides: Forming a New Entity
Formulating a tax strategy is just the first step in moving your clients toward tax savings. The best-laid plan will be useless without an implementation
Tax Proverb #2: Implementation Comes Down to Resources, Timeline, and Goals
Tax planning isn’t just about formulating a tax strategy—it also comes down to knowing in advance how you will implement that plan. Tax planners will
Tax Proverb #1: Make Implementation Part of Your Tax Plan
An experienced tax planner will tell you that you can put together the best techniques, angles, and methods for creating a tax plan, but none
Tax Strategies for Real Estate Investing: Maximizing Income from Rental Properties
In a recent blog, we discussed the tax implications of converting a residence to a rental property. Once that rental property begins generating income, what
Tax Strategies for Real Estate Investing: Converting a Residence to a Rental Property
Real estate is an attractive investment opportunity, but investors need to be prepared for potential taxes to truly maximize their profits. New investors may be
Sidestepping the SALT Cap with the Pass-Through Entity Tax
The Tax Cuts and Jobs Acts (TCJA) of 2018 stirred up mixed responses by introducing a $10,000 cap on state and local tax (SALT) deductions
Three Workarounds for the Cap on SALT Deductions
When the Tax Cuts and Jobs Act of 2018 introduced a new $10,000 cap on state and local tax (SALT) deductions, taxpayers living in areas
Tax Deferral Strategies for Real Estate: The Four Types of 1031 Exchanges
Taxpayers often make the mistake of focusing on the potential payout from an investment without considering how much of that will disappear to taxes. A
Tax Deferral Strategies for Real Estate: Using the 1031 Exchange in Partnerships
In a previous blog, we discussed the benefits of the 1031 exchange. This IRS rule allows property owners to defer capital gains taxes when they
