Latest From the Blog
Tax Tip of the Week | No. 452 | New Tax Law - The Common Misconceptions (That Can Get You Into Big Trouble)
Don't just read the headlines.
Tax Tip of the Week | No. 451 | Tax Considerations of a Reverse Mortgage
Reverse mortgages constitute a loan advance, they are not considered taxable income.
Tax Tip of the Week | No. 450 | Tax Basis of Inherited Property
Your tax basis has a direct impact on your gain or loss.
Tax Tip of the Week | No. 449 | New Tax Law (TCJA) Restricts Like-Kind Exchange Rules for Non-Real Estate Property (Ouch!)
For those exchanges completed after Dec. 31, 2017, the TCJA limits tax-free exchanges to exchanges of real property that is not held primarily for sale.
Tax Tip of the Week | No. 448 | Litigious Times for Farmers (and All Businesses)
Good insurance is generally considered as the first line of defense against litigation.
Tax Tip of the Week | No. 447 | New Tax Law (TCJA) - Rules Significantly Eased for Code Section 168 & 179
The Tax Cuts and Jobs Act (TCJA) has very favorably changed the tax rules for “accelerated” tax depreciation expense under IRC Sections 168 and 179.