Renting to a relative? Watch out for tax traps
January 19, 2023
You may want to rent out a property you own to a relative at a discount. If so, be aware of these tax rules.
Choosing a business entity? Here are the pros and cons of a C corporation
December 29, 2022
If you’re starting a new business, you may wonder if you should operate as a C corporation, an S corporation or another entity. Here’s a summary of what will happen if you choose a C corporation.
“Family glitch” update: IRS revises recent ACA-related guidance
December 27, 2022
Is your organization an applicable large employer under the ACA? Or will it become one next year? The IRS recently revised regulations related to whether an ACA penalty could apply.
Strategies for investors to cut taxes as year-end approaches
December 21, 2022
The end of the year is a good time to examine your portfolio for tax purposes. Here are some strategies that may save you taxes.
Intangible assets: How must the costs incurred be capitalized?
December 15, 2022
Any transaction your business engages in involving intangible assets and their related costs should be analyzed to determine the tax implications. Here are the basic rules.
Computer software costs: How does your business deduct them?
December 9, 2022
The tax treatment of computer software costs can be more complicated than you might think. Here are the basic rules.
