Part 3: Tax Planning for Real Estate Investors: Understanding Depreciation and Recapture
When working with clients on real estate investments, you will need to prepare them for a higher level of tax complexity. This might mean encouraging
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Hidden Gems of the Tax World: Reviewing Tax Credit Basics with Your Clients
Every year countless taxpayers overlook money-saving opportunities in the form of tax credits. This provides tax professionals with an opportunity to look like magicians as
Changes in Tax Law: Exchanging Your Conservation Easement Strategy for a Fee Simple
For the investment-focused landowner, conservation easements have served as a means to a substantial tax break. A conservation easement is when a landowner agrees to
Changes in Tax Law: The End of the Road for Conservation Easements
Navigating the Tax Code can be like trying to follow a map where the lines are constantly shifting. Every month, it seems like new guidance
Qualifying for the Employee Retention Credit: Three Tests to Earn the ERC
As we mentioned in our last blog, small business owners can see major benefits from the Employee Retention Credit with a little expert guidance. Unfortunately,
Qualifying for the Employee Retention Credit: Who is an Eligible Employer
Taxpayers have been pummeled by the same eye-catching ads all tax season: “Get $26,000 per employee through the Employee Retention Credit!” Messages like this have
Tax Strategies for Investments: Securing the 0% Capital Gains Tax Rate
First-time investors may spend a great deal of time and effort researching the best possible investment opportunities—but fail to take into consideration the tax consequences.
Tax Strategies for Investments: Making Use of Loss Harvesting and Loss Carryovers
Profiting from investments and reducing tax liability may seem like competing goals, but both can be accomplished with a little proactive tax planning. In the
Tax Strategies for Investments: Controlling Timing for Capital Gains
Long-term investment success is about more than the initial investment decision. As tax professionals know, timing can have a dramatic impact on the tax consequences
Tax Deductions for Business Vehicles: Using Standard Mileage vs Actual Expenses
New business owners may be excited to learn that the IRS also allows them to deduct their annual business mileage as a business expense. However,
Tax Deductions for Business Vehicles: Section 179 vs. Bonus Depreciation
When it comes to vehicle tax deductions, tax planners face a number of challenges—from keeping up with recent changes to the tax rules to educating