
When to Recommend a Partnership Structure: The Tax Benefits of Special Allocations
When it comes to choosing an entity type, many entrepreneurs are drawn to S corporations and may make an election

When it comes to choosing an entity type, many entrepreneurs are drawn to S corporations and may make an election

Partnerships are a commonly misunderstood business structure. Because they are perceived as complicated—and sometimes they can be—many entrepreneurs shy away

Partnerships can either be the simplest or one of the most complicated entity types—depending on how each of the partners

Many taxpayers’ plan for retirement expenses is simply to set aside money in their savings account—if they are doing anything

Saving for retirement is one arena where tax planners can provide value to their clients. Even your financially savvy clients

One of the many roles we play as tax planners is as the taxpayer’s audit support system. Just the word

When that IRS audit notice shows up in the mail, many taxpayers’ first reaction is to panic. For well-trained tax

Despite your best efforts as a tax planner, your client may still end up facing an audit. Since some audits

A proactive tax plan can be a major money-saver for taxpayers. But for new or prospective clients, your first tax

The latest property tax bills are giving property owners a severe case of sticker shock—especially if they are still in