Smart Tips For Filing Your Tax Return

The tax deadline is fast approaching and many people who have never done their own taxes before are nervous when they file their first return. According to the IRS, 25% of all taxpayers wait until the last two weeks before the deadline to prepare their tax returns. If you fit into this category, check out […]

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Tax Doesn’t Have to Be Taxing

And did you know the IRS is substantially increasing its audits of small businesses? Or that a welfare benefit plan can make your estate, business succession, or buy-sell plan tax deductible? You can even have a welfare benefit plan in addition to a retirement plan. Not only that, but medical expenses reimbursed to employees are […]

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How to Initiate a 1031 Exchange

If you want to defer your capital gains tax, a 1031 exchange can be a way to do this while purchasing new property. There are several steps to follow if you want to initiate a 1031 exchange. First of all, you should have real estate that qualifies for the exchange. Investment real estate or real […]

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Tax Reforms

Implementing “flat tax” on Income Rate One tax reform issue that requires addressing is the amount of revenue that needs to be raised by the federal tax system. When there is a disproportion between revenue and spending, debts and federal deficits will increase and reach unsustainable limits. Policy makers need to assess tax policies and […]

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