Year-End Tax Planning Checklist
Year-end deadlines are approaching for many tax strategies and for making contributions to tax-advantaged accounts, such as IRAs and 401k retirement accounts. Meet with us to discuss the following: Having …
Using REITs As an Inflation Hedge
Nervous investors are now beginning to ask, “Could REITs help carry our portfolios through a likely inflationary stretch ahead?” REIT Rules The beauty of REITs is that investors can invest …
Denver Bronco’s Payoff Isn’t Deductible
Ordinarily, deductible business expenses include payments to settle disputes. But the IRS is clear that it will allow the deduction only if the argument arose from a business-related activity. When it comes to …
IRS Publishes 2022-2023 Special Per Diem Rates
According to Notice 2022-44 from the IRS, various regulations outline the rules for using a per diem rate to substantiate the amount of ordinary and necessary business expenses paid or incurred …
What To Know About the Alternative Minimum Tax
The alternative minimum tax was created to ensure that all taxpayers pay their fair share of taxes, even when claiming any and all relevant credits and deductions. The AMT increases …
What To Know About the Electric Vehicle Credit
In August, the IRS posted new guidance for current and future owners of electric vehicles, outlining the tax benefits available. If you are interested in claiming the tax credit available under section …