So you’ve gotten to the point where you are starting to think about your exit strategy. Most business owners would like to think that there is value in the business
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E-filing is on the upswing. According to the Data Book released by the IRS on March 24, the agency collected almost $3.1 trillion in federal revenue and processed almost 240
As you may be aware; the IRS has issued final repair regulations regarding the capitalization and depreciation of tangible property. The rules contained in these regulations are required to be
Whether self-employed or an employee, you may be able to deduct certain expenses for the part of your home you use to conduct business.
As you choose a type of investment to make, your options will fall in either the taxable or tax-free bucket. With taxable investments, any income is subject to federal and
The day before the President’s State of the Union address, the White House released a “fact sheet” on what they call his “proposed reforms for a simpler, fairer tax code”.
If you haven’t heard of the “DPAD” you might just be missing out on a promising tax deduction. It’s called the Domestic Production Activities Deduction (DPAD) and benefits owners of
Social Security benefits are in the news as its funding and longevity has come into question. If you are depending on social security, you may need to look into other
There is a brand new tax incentive available for charitable contributions. It’s been affectionately termed the “Triple Play” and is available for gifts of $500 or more made to community