Blog
IRS “Wealth Squad” to Audit Hundreds by October
The IRS is back to business, conducting new examinations of tax returns and enforcing collections. A top priority? It intends to audit hundreds of high-net-worth taxpayers by September 30,...
Syndicated Conservation Easements Get Complicated
Designating conservation easements on property can be a great way to preserve land while gaining a valuable tax break. But the IRS is cracking down on abuses of this practice by partnerships...
Tax Changes for Property Improvements and Business Losses
Some long-awaited great news for commercial property and business owners: The CARES Act that was passed in response to the COVID-19 pandemic includes technical corrections and additional...
Lose Money on a Vacation Rental This Year?
The coronavirus pandemic has forced many of us to consider our business succession and estate plans. No matter how successful you are or how well you take care of yourself, your financial...
Eldercare and Your Taxes
Have you suddenly become a caregiver for a family member as care facilities are in lockdown? Don’t forget the critical tax deductions that could be waiting for you. As nursing homes and...
It Still Pays to Build Green
Tax cuts have been extended for developers of renewable energy projects that have been delayed by the pandemic. The COVID-19 pandemic has held up many construction projects, including those...
Main Street Lending Alternative to a PPP Loan
If you've had trouble securing U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) funds for your business, the Federal Reserve is offering an alternative through a...
Exit and Estate Planning for Business Owners
The coronavirus pandemic has forced many of us to consider our business succession and estate plans. No matter how successful you are or how well you take care of yourself, your financial...
Exit and Estate Planning for Business Owners
Travel and tourism spending in Texas dropped 86% over the spring months. If you own a vacation rental property, you’re feeling that sting. Maybe your rental income plummeted and has yet to...
Tax Changes for Property Improvements and Business Losses
Some long-awaited great news for commercial property and business owners: The CARES Act that was passed in response to the COVID-19 pandemic includes technical corrections and additional...