Inheritance & Taxes: Leveraging The Stepped-Up Basis
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. How Do The Rules Work? Under the current
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. How Do The Rules Work? Under the current
Are you frustrated by the size of your self-employment (SE) tax bills as the owner of a small business? It’s no surprise. In 2023, the SE tax is set at
“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. Criminals continually prey on the elderly and target individuals and businesses
Government officials observed a significant surge in new businesses during the COVID-19 pandemic. And, according to the U.S. Census Bureau, there continues to be a slight upward trend in business
IRS audits – how frequently are they really conducted? According to the IRS’ recently released audit statistics for the 2022 fiscal year, fewer taxpayers had their returns examined as compared
If you are a business owner or manager with employees, you may face a severe tax penalty that could potentially be responsible for paying personally. The Trust Fund Recovery Penalty
In situations where one spouse in a married couple isn’t earning compensation, saving an adequate amount for a comfortable retirement may become challenging. Typically, IRA contributions are contingent on the
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may
If you’re a senior aged 65 and older with basic Medicare insurance, it’s possible that you require additional premiums to reach the desired level of coverage. These premiums can be
Even if your business could claim big first-year depreciation tax deductions for eligible real estate expenditures rather than depreciate them over several years, should you? It’s not quite as simple