Tax Benefits of Rental Property

Over the past few years, we’ve seen a huge uptick in the number of clients renting out their homes (or second homes) as vacation rentals.…

10 Tax Issues To Address Before End of 2019

It hit me like a ton of bricks the other day: 2019 is almost over. With just over 100 days left in the year, it’s…

Section 1202: The little-known tax rule that could save you big money when you sell your business.

A little-known tax provision dubbed Section 1202, which we’ve covered before, is getting a lot of attention these days thanks to the Tax Cuts and…

Investing in Opportunity Zones: The Top 5 Incentives

I came across a great article this week (subscription required) in the Charlotte Business Journal that discussed the different ways the City of Charlotte is…

Dividing Property After Divorce: The Option of a 1031 Exchange

One of the greatest assets married couples typically own is real estate — either their own home or some kind of investment property — and…

Individual Cash Free Tax Benefit – 20% Qualified Business Income Deduction

Most income tax deductions for individuals require that you spend cash for the deduction – pay your property tax, write a check to charity, etc.…

New Per Diem Rates Get Tricky Amid Tax Law Changes

The new per diem numbers are out, effective October 1, 2018. But, as with everything in the era of tax reform, things aren’t always as…

Divorce and Tax Reform

It’s not a fun topic, but it’s reality, and we should talk about it: divorce. And, in the era of tax reform, divorce requires a…

Investing in “Opportunity Zones” Brings Tax Benefits to Investors

Leaders in Washington and beyond are hoping that another element of the Tax Cuts and Jobs Act, one that creates tax incentives for investing in…

Live and Work Abroad Using Federal Tax Savings – FEIE

If you’ve ever desired to live and work abroad, federal tax savings could help you do it. Welcome to the digital age, where fast internet…