Over the last year, home prices have soared in many parts of the country. In addition to benefitting from an appreciating asset, eligible homeowners enjoy several tax advantages. Here are eight reasons why it’s better to be an owner, rather than a renter, from a federal income tax perspective. Home Sale Gain Exclusion If you…
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Selling a business is a major undertaking. Reconciling your legal, financial, and tax goals requires specialized expertise and finesse. Learn about the ins and outs of this important process.
The recent downturn in the stock market brings tax-loss harvesting into play. Read our latest blog to how to turn the negatives to your advantage.
Make sure you have your Advance Child Tax Credit letter (Letter 6419) and/or Economic Impact Payment letter (Letter 6475) on hand when preparing your returns. The IRS began mailing information letters to ACTC and EIP recipients in January.
Section 529 plans can be a wonderful tool when it comes to helping save money for a child’s future education. While 529’s are designed to help reduce taxes when saving for college, there can still be tax implications. Learn about it here.