IRS ALERT: Two New Tax Scams
The IRS remains on the lookout for tax scams that can blindside unsuspecting taxpayers. Now two variations of past scams are currently making the rounds. Here’s what you need to […]
3 Keys to Strong Business Financials
Businesses fail for many reasons — dysfunctional management, insufficient working capital, insurmountable competition. Why they succeed, on the other hand, is often easily explained. Regardless of size and sector, most […]
Remember Other Taxes When Setting Up Your Estate Plan
As you begin your estate planning, strategies for reducing estate tax may be first on your to-do list. Or perhaps you think the current $5.45 million exclusion, combined with portability […]
IRS Raises Tangible Property Expensing Threshold to $2,500
On November 24, 2015, the IRS issued notice 2015-82 which will help to simplify the tracking and record keeping requirements for small businesses by raising the safe harbor threshold for […]
Plan Around These Expired Tax Breaks
As you begin year-end planning, keep in mind that some tax breaks you may have benefitted from in prior years have not yet been extended for 2015. Here are a […]
Keeping Track of Basis in a Partnership Interest
We would like to make you aware of the importance of keeping track of the basis in your partnership interest. The fundamental purpose of outside basis is to account for a […]
Misconceptions About Capitalized Interest
Many people in the real estate development industry know that in certain circumstances interest may be capitalized as part of the cost of a development project. For example, assume Company […]