The Extended 2024 Gift Tax Return Deadline is Looming
If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2024 gift tax […]
Speculative Financial Projections Won’t Pass Muster in Court
Business valuation professionals often rely on client-prepared financial projections to calculate lost profits and diminution in value. However, courts may exclude expert testimony […]
Ways to Manage the Limit on the Business Interest Expense Deduction
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense. The TCJA […]
Can I Itemize Deductions on my Tax Return?
You may wonder if you can claim itemized deductions on your tax return. Perhaps you made charitable contributions and were told in the past they couldn’t be […]
How a Business Owner’s Home Office Can Result in Tax Deductions
As a business owner, you may be eligible to claim home office tax deductions that will reduce your taxable income. However, it’s crucial to understand the IRS […]
Why You Should Exercise Caution When Investing in Crypto
Driven by an increased interest in cryptocurrency, little regulatory oversight and the constant introduction of new coins, cryptocurrency fraud could reach unprecedented levels […]
IRS Reopens Portal for 2024 Clean Vehicle Credit Claims, Offering Relief to Taxpayers and Dealers
In a significant update for […]
New IRS Guidance on ERTC Refunds
On March 21, 2025, the IRS released […]
Do You Have an Excess Business Loss?
If an individual taxpayer has substantial business losses, unfavorable federal income tax rules can potentially come into play. Here’s what you need to […]
Perception vs Reality: What is the Value of a Business Interest?
A business interest’s value is more than just a number to its owner. It represents years of hard work, sacrifice and investment. Owners […]
