Understanding the Gift Tax

Nov 28, 2018 | Tax

If you gave money or property to someone as a gift, you might owe federal gift tax. Many gifts are not subject to the gift tax, but there are exceptions. Here are eight tips you can use to figure out whether your gift is taxable. Most gifts are not subject to the gift...

It’s The Most Wonderful Time of the Year! Tax Year-End Reminders

Nov 15, 2018 | Tax

Year End Reminders….  The end of the year is a great time to review your tax situation for any significant changes to report to your tax preparer, and while your last-minute tax move opportunities may be limited, here are a few ideas worth considering: Retirement...

Everyone is an Owner: The Reclassification of Businesses

Nov 12, 2018 | Tax

Some experts are predicting that the recent tax legislation will create a ton of new business creation and activity – just not the kind that lawmakers originally intended. These people are predicting a surge in efforts for reclassification and the organization of...