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I have been in the tax and business service industry for over 15 years. My goal is to create a positive impact to business owners working on their dream. Out of the 15 years in the industry, I have spent 10 years helping people with tax problems. IRS debt can destroy your peace of mind and the stability of a family. The funny thing is that most issues can be prevented with the right information.
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2024 Tax Planning: Basis of Property Acquired Under Code Secs 1031 and 1033
In certain types of transactions there are opportunities for taxpayers to defer gain on the exchange of property, including like-kind exchanges and involuntary conversions. Like-kind
Beneficial Ownership Information (BOI) Reporting
Beginning on January 1, 2024, many companies in the United States are required to report information about their beneficial owners (i.e., the individuals who ultimately own or control the company). Companies must report the information to the Financial Crimes Enforcement Network (FinCEN), which is a bureau of the Treasury Department, through an electronic filing system. The beneficial ownership information (BOI) reporting requirements are part of the
Divorce- Some General Tax Consideration
A divorcing couple will be faced with many important decisions and issues ranging from the type of divorce action to pursue, the timing of it, and, of course, a fair division of property and possibly payment of alimony and child support by
Appraisal for Noncash Charitable Donations
As someone who regularly makes charitable contributions, you may be aware that charitable contributions of property in excess of $5,000 require that you attach an appraisal to your tax return. In response to gross valuation misstatements, the IRS provides guidance on the definition of a qualified appraisal and qualified appraiser.
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After 10 years of providing consulting & tax services to client around the country, we created a easy site about what everyone should know as a taxpayer. All information on this site has been research and confirmed to assure accuracy as tax regulations change every year.
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