Tax & Business Consultants

08/10/2022

If you want to take money out of your traditional IRA before age 59½, you’ll generally have to pay an early withdrawal penalty on top of the regular income tax you’ll owe. But there are exceptions to avoid the penalty. https://bit.ly/3ONzXZ9

08/08/2022

Interested in a “like-kind” exchange of real property? Here are the basic rules. https://bit.ly/2TJ1ceH

08/03/2022

Do your children have investment income? They may owe “kiddie tax.” Here are the basic rules. https://bit.ly/2TJ1ceH

08/01/2022

Many people are thinking about buying electric vehicles because of their advanced technology, high gas prices and the fact there are more models available today. Along with factors like acceleration and the battery range, check out the federal tax break that may be available. https://bit.ly/2TJ1ceH

07/27/2022

When a business shuts down, there are a number of tax responsibilities that must be met. Unfortunately, because of the pandemic and the economy, many businesses are facing this reality. Here are the basic rules. https://bit.ly/2TJ1ceH

07/25/2022

Buying or selling a business may be the most critical transaction you ever make. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed under current law. Here are some considerations. https://bit.ly/2TJ1ceH

07/20/2022

In some cases, disability income is taxable by the federal government. In other cases, it isn’t. Here are the rules. https://bit.ly/2TJ1ceH

07/18/2022

If you’re a business owner or executive, you might be taking it a little easy this summer. But don’t take it so easy that you forget about these third-quarter tax deadlines. https://bit.ly/2TJ1ceH

07/13/2022

Rather than keeping track of your actual vehicle-related expenses, you may be able to use a standard mileage rate to compute certain tax deductions. But when are individual taxpayers eligible to deduct vehicle-related expenses and what are the amounts for 2022? https://bit.ly/2TJ1ceH

07/11/2022

Business owners: Are high gas prices getting you down? The IRS is providing some relief by raising the optional standard mileage rate for the last six months of 2022. https://bit.ly/2TJ1ceH

07/06/2022

If you’re getting a divorce, you know it can be a difficult process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are five issues to consider. https://bit.ly/2TJ1ceH

07/04/2022