Basic Overview of Business Structures
When starting a business, one must decide what form they want their business entity to establish. This form determines which income tax...
The Alternative Minimum Tax
The alternative minimum tax (AMT) is a separate tax that is imposed in addition to your regular tax. AMT uses a different set of...
IRS Backlog May Mean Extra Money in Your Pocket
As you may likely know, or will now, the IRS has a severe case of understaffing that has caused them to struggle in processing tax...
Like-Kind Exchanges: The Basics of 1031
A 1031 exchange or “Like-Kind” exchange, is where you sell an investment property or business and reinvest the proceeds from the sale in...
Small Business Stock Gains Exclusion: Section 1202
Section 1202, or the Small Business Stock Gains Exclusion, allows capital gains from certain small business stocks to be excluded from...
Estate Planning Basics
An estate is everything you own, this includes money and assets, such as a home or a car when you pass away. Estate planning is you...
The Fed Raises Benchmark Interest Rate by Half a Percentage Point
The Federal Reserve is charged with maintaining a stable economy. To do this, the Federal Reserve can either increase or lower the cost...
Top Mistakes that Occur when Buying a Business
If you didn’t read the last blog post about buying a business, I recommend you read that one first as this one will make a lot more sense...
Planning on Buying a Business? Here is the Outline you need!
Buying a business is an exciting thing to do! But it can also be extremely nerve-wracking to go through the process alone. There are...
