IRS Notices
The IRS has updated its long-standing regulations on selling seized property, marking a major shift from rules dating back to the 19th and mid-20th centuries.
February 14, 2025
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Tag: tax planning
IRS
John Drivas, the owner of three North Shore restaurants, was sentenced to over a year in prison after admitting to a tax fraud scheme that
January 22, 2025
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Capital Gains Taxes
For business owners, navigating the complexities of capital losses can offer significant opportunities to reduce tax liabilities. Understanding how to strategically manage and utilize these
December 27, 2024
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Business Tax Benefits
As we approach the end of the year, it’s time for business owners to take a hard look at their finances and implement strategic tax
December 18, 2024
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Business Tax Benefits
For decades, business owners have utilized Section 1031 of the Internal Revenue Code to defer taxes on the exchange of property used in their trade,
December 6, 2024
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Business Tax Benefits
As a business owner, understanding the tax implications of capital gains and losses can have a profound impact on your overall financial strategy. Whether you’re
December 3, 2024
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Business Tax Benefits
As a business owner, navigating the ever-changing landscape of healthcare can be daunting, especially when it comes to tax implications tied to health insurance. With
November 29, 2024
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Inheritance Taxes
The death of a taxpayer introduces several legal and tax responsibilities that must be addressed promptly. If you are a business owner who has been
November 29, 2024
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IRS tax planning
As Donald Trump prepares to return to the White House, his administration’s tax policy direction is a topic of keen interest for business owners. With
November 7, 2024
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Business
One of the biggest tax-related questions for business owners is whether the IRS will classify an activity as a business or a hobby. The answer
October 28, 2024
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