How Renting Out a Vacation Property Will Affect Your Taxes
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Perhaps you’re fortunate enough to already own one. In either ...
Have You Had Your Fraud Checkup?
Victims of fraud often wonder why their auditors didn't flag the deception. "We got a clean opinion!" they might protest. "Why didn't they catch this ...
Update on Retirement Account Minimum Distributions
If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax-required minimum ...
IRS Issues Guidance on Tax Treatment of Energy Rebates
The Inflation Reduction Act (IRA) established and expanded numerous incentives to encourage taxpayers to increase their use of renewable energy and ...
Maximize the QBI Deduction Before It's Gone
The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So, if ...
5 Common Mistakes in Estate Planning and How to Avoid Them
Putting together an estate plan is one of the most significant actions you can take for yourself and your loved ones. It’s also one of the most ...
Coordinating Sec. 179 Tax Deductions with Bonus Depreciation
Your business should generally maximize current-year depreciation write-offs for newly acquired assets. Two federal tax breaks can help achieve this ...
Inheritance Unplanned: The Unexpected Impact of Taxes on Families
Estate taxes are a complex and frequently misunderstood part of financial planning that can significantly impact the inheritance process. The federal ...
Cash Reserve Policies and Considerations for Cash Management
Nonprofits operate in a complex market full of near-constant challenges and changes. Technology advances, an uncertain economy, changing donor ...