Tax Planning

The outcome of the November elections could have a significant impact on taxes for the wealthy. The COVID-19 pandemic has wreaked havoc on the economy, as the government’s tax revenues…

For some time, there have been lawmakers who have expressed their displeasure with the so-called stretch IRAs.These IRAs have permitted certain beneficiaries, such as a young child or a grandchild,…

You purchased several rental properties during the year and are looking for ways to reduce the income generated by the buildings. A cost segregation study may provide the tax benefits…

Have you been like so many other taxpayers and procrastinated about setting up a retirement plan for your small business? Here’s why you shouldn’t wait any longer. You are paying…

As has become usual practice, Congress passed some meaningful tax legislation as it recessed for the holidays. The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act)…

Beginning in 2019 The Tax Cuts and Jobs Act made changes to the tax treatment of alimony. Learn if your finances will be impacted by these changes. For divorce agreements…

Have you realized gain from the sale of an asset and want to defer paying the tax?  Opportunity Zone Investments may be the solution for you. If you have a large taxable gain from…

Unlike a C corporation, which itself pays the tax on its taxable income, an S corporation does not directly pay taxes on its income; instead, its income, losses, deductions, credits…