Tax Strategies

Businesses in economically distressed communities often have difficulty obtaining capital for expansion, equipment, facilities, and other investments. The New Markets Tax Credit (NMTC) encourages private investment in these underserved areas by offering federal income tax credits to qualifying investors.  This […]

If you’re a real estate developer or a small business owner who owns commercial real estate, you might be thinking about selling a property. If it has appreciated significantly, a Section 1031 like-kind exchange may allow you to defer tax […]

Tax scammers continue to target taxpayers through email, text messages, phone calls, and regular mail. They often try to create urgency or fear to trick victims into sharing sensitive information or sending money. The IRS warns taxpayers to remain cautious […]

Yes, the April 15 tax deadline is now behind us. But there are also deadlines during the rest of the year that are important to be aware of. To help you not miss any, here’s when some key tax-related forms, […]

Businesses that own commercial real estate property may be sitting on an overlooked treasure chest of tax savings – and a cost segregation study can be the key to unlocking it. This is a strategic tool that combines accounting and […]

The passive activity loss (PAL) rules may limit your ability to deduct losses from a business structured as a limited liability partnership (LLP) or limited liability company (LLC). Depending how your ownership interest is treated under these rules, you may […]

Setting the Stage Many taxpayers are familiar with the inevitable feeling of dread when opening their mailbox to a letter from the IRS. Questions like, “How much more do I owe?” or “Did I do something wrong?” can trigger waves […]

What you need to know about filing an extension – and minimizing penalties If you don’t have everything ready to complete your 2025 federal individual income tax return by the April 15 deadline, you can request an automatic extension. Filing […]

Are you a restaurant owner, bar manager, or food and beverage employer? If your business involves tipped employees, you could be eligible for a federal tax credit that helps offset Social Security and Medicare taxes – commonly known as FICA […]