Business Valuator, Forensic/Litigation Support Accountant, and Accountant Consultants
Business Valuator, Forensic/Litigation Support Accountant, and Accountant Consultants

Tax

Blog tagged as Tax

What estate planning strategies are available for non-U.S. citizens?
Estate tax planning can get complicated if you or your spouse is a nonresident alien.
03.05.22 01:39 PM - Comment(s)
M&A transactions: Be careful when reporting to the IRS
Have you bought or sold business assets in an M&A deal in 2021 or are in the process of a transaction? If so, you must report the details to the IRS. The tax agency may then compare what both parties report to ensure they match.
08.10.21 10:32 AM - Comment(s)
Working in the gig economy results in tax obligations
The pandemic has caused some people to turn to “gig” work to make up for lost income. Here are the tax consequences of taking on these jobs.
01.06.21 10:34 AM - Comment(s)
Ring in the new year with a renewed focus on profitability
Most of us are very happy to have turned the page on 2020. If you’re a business owner, after the confetti clears in 2021, make sure everyone at your company is thinking about ways to build the bottom line.
04.01.21 10:02 AM - Comment(s)
Taking distributions from a traditional IRA
It may seem easier to put money into a traditional IRA than it is to take money out. Here are some of the ins and outs of the IRA distribution rules.
23.11.20 11:49 AM - Comment(s)
Understanding the passive activity loss rules
The passive activity loss rules can be complex and trip up some taxpayers. Here are the rules.
18.11.20 10:49 AM - Comment(s)
Now more than ever, carefully track payroll records
Businesses have long been required to properly track payroll records. The urgency and complexity of this task has grown because of the pandemic.
02.11.20 11:34 AM - Comment(s)
Can investors who manage their own portfolios deduct related expenses?
Are you an investor or a trader? While trader status is difficult to achieve, if a taxpayer qualifies, he or she can deduct investment-related expenses.
19.10.20 01:11 PM - Comment(s)
Tax implications of working from home and collecting unemployment
Have you lost your job and collecting unemployment? Or are you fortunate to be working from home because of the pandemic? Both of these situations could have tax implications.
28.09.20 11:16 AM - Comment(s)
On-time financial reporting is key in times of crisis
Who cares if your financial statements are late? Lenders and investors are looking for reassurance that you’re doing OK in today’s unprecedented conditions. Procrastination may cause them to presume the worst.
21.09.20 10:24 AM - Comment(s)