What to Do If You Receive a Dreaded IRS Letter

What to Do If You Receive a Dreaded IRS Letter: Now that most tax refunds are deposited directly into taxpayers’ bank accounts, the dream of opening your mailbox and finding an IRS refund is all but

Why Tax Basis Is So Important

Why Tax Basis Is So Important: For tax purposes, the term “basis” refers to the original monetary value that is used to measure a gain or loss. For instance, if you purchase shares

Top 10 Startup Business Questions Every Entrepreneur Should Answer

Top 10 Startup Business Questions Every Entrepreneur Should Answer

Tax Issues Related to Divorce

Tax Issues Related to Divorce: Divorce is a traumatic event in anyone's life, and the tax aspects are frequently overlooked, which can add to the distress. The following is an overv

Forget Something on Your 2018 Return?

Forget Something on Your 2018 Return?: Article Highlights:
Tax Reform Problems
Corrected 1099s and K-1s
Overlooked Income and Deductions
Marital Issues
Mitigating Penalties
The

Defer Gains with Qualified Opportunity Funds

Defer Gains with Qualified Opportunity Funds: If you have a large capital gain from the sale of a stock, asset, or business and would like to defer that gain with the possibility of excluding some

School's Out - Who Is Going to Take Care of the Kids?

School's Out - Who Is Going to Take Care of the Kids?: Summer has just arrived, and there is a tax break that working parents should know about. Many working parents must arrange for care of their children