When Do Valuable Gifts to Charity Require an Appraisal?
If you donate valuable items to charity and you want to deduct them on your tax return, you may be required to get an appraisal. The IRS […]
What’s the Difference Between a Calculation of Value and a Conclusion of Value?
Most business valuation assignments call for a conclusion of value. However, there may be times when a calculation of value can be a […]
The Tax Advantages of Including Debt in a C Corporation Capital Structure
Let’s say you plan to use a C corporation to operate a newly acquired business or you have an existing C corporation that needs more capital. You should know […]
Pay Attention to the Tax Rules if you Turn a Hobby Into a Business
Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open a charter fishing business. Or maybe you’d […]
Growing Your Business With a New Partner: Here Are Some Tax Considerations
There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners are planning to […]
Why Would Your Businesses Want “Know Your Customer” Policies?
Financial institutions, investment service companies, insurers and creditors generally are required to implement and follow know-your-customer (KYC) policies as part of a larger […]
How Tesla Cybertruck’s Steer-by-Wire System Works
As posted to the Munro Live YouTube Channel on 4/24/2024
(Run Time 18 min, 42 […]
Treasury Has Issued Auto Dealers >$580 Million in Advance EV Tax Rebates This Year
According to the Treasury, the US government has provided auto dealers with >$580 million in advance payments for consumer electric vehicle (EV) tax credits since 1/1/2024.
Taxes When You Sell an Appreciated Vacation Home
Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to illustrate […]
Challenges of Valuing Family-Owned Businesses
Working together can bring out the best — and worst — in families. Here are some issues business valuation experts consider when appraising […]
