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TCJA and the possible future tax landscape for businesses

Aug 29, 2024 | Small Business

The tax landscape for businesses may change significantly in the near future. That’s because provisions in the Tax Cuts and Jobs Act (TCJA) are scheduled to expire and the November elections will be decided. Here are some possible outcomes.

Business owners sometimes need to switch successors

Aug 22, 2024 | Small Business

Are you having second thoughts about your chosen successor? It happens. Here are some ways to address the issue and decide whether to change course.

Understanding taxes on sales of real estate

Aug 15, 2024 | Small Business

The federal income tax rules for gains from the sale of business real estate or vacant land may be more complicated than you thought. Here’s a look at the issues.

How are Series EE savings bonds taxed?

Aug 8, 2024 | Individuals

If you own Series EE bonds, take a look at the issue dates to see if the bonds are no longer earning interest. Here’s how bond interest is taxed.

What might be ahead due to expiring tax provisions?

Aug 1, 2024 | Individuals

What’s on the tax horizon as many Tax Cuts and Jobs Act provisions get closer to their scheduled expiration date? Here are four possible scenarios.

Six tax issues to consider if you’re getting divorced

Jul 25, 2024 | Individuals

Getting a divorce can be an agonizing process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are six issues to consider if you’re getting a divorce.

If your business has co-owners, you probably need a buy-sell agreement

Jul 18, 2024 | Small Business

For most business co-owners, the value of their business shares comprises a big percentage of their estates. Having a buy-sell agreement protects co-owners and their heirs and helps avoid hassles with the IRS.