In-Kind Donations: Understanding Their Impact on Taxes and How to Account for Them In-kind donations are a valuable way for individuals and businesses to contribute to charitable organizations. These non-cash contributions can take many forms, from donated goods and...
Tax Loss Harvesting: A Strategic Guide to Reducing Your Tax Bill Investing in the stock market comes with its share of ups and downs, but even losses can offer a silver lining through a strategy known as tax loss harvesting. This technique allows investors to turn...
Understanding Required Minimum Distributions (RMDs): What They Are and Why They Matter When planning for retirement, it’s essential to understand the various rules and regulations that govern how you can access and manage your retirement savings. One of the most...
What if you die and your S Corp owns rental property? Owning rental property through an S Corporation (S Corp) can offer various tax advantages and liability protection during your lifetime. However, the situation becomes more complicated when the owner of an S Corp...
Understanding EIN Numbers: Common Pitfalls & Everything You Need to Know – EIN Filing & Business Success Success with Business Formation & EIN Filing: When starting a business, one of the first steps is obtaining an Employer Identification Number...