Tax Planning

It is possible to receive very large tax write offs for first year business assets due to some provisions that allow the entire asset or some portion of it to be written off in the first year it [...]

When you give away items like clothing, appliances, vehicles, and other goods to a qualified charity, your generosity can add up to a tax deduction if you itemize your deductions. The amount of [...]

If you are unfortunate enough to have an unpaid tax liability and wish to put end the constant stream of correspondence from the IRS, there are several possible solutions to help you deal with [...]

Successfully passing a family business to the family upon death of the owner is not an easy task. Most business owners fail to realize the importance of a sound business succession plan.  As a [...]

Waiting for your regular CPA appointment to discuss current tax related issues can create problems or cause you to miss out on beneficial options that need to be timely exercised before year end. [...]

Now that Congress has passed the American Taxpayer Relief Act of 2012 (ATRA) and avoided the so-called “fiscal cliff,” tax law changes for 2013 will hit higher-income taxpayers hard.

When was the last time you reviewed your will? People generally make wills to guarantee the proper disposition of their money and property, which is why it’s a good idea to consult your CPA when [...]

Normally, when companies sell properties, they must pay taxes on any gain they receive. Like-kind exchanges, transactions in which companies trade properties, may be carried out without any [...]

The decision concerning whom you wish to designate as the beneficiary of your traditional IRA is critically important. This decision affects the minimum amounts you must withdraw from the IRA [...]

Life Insurance – How Much Do You Need? The purpose of life insurance is to provide a source of income, in case of death, for your children, dependents, or other beneficiaries.  Life [...]