tax

When drafting partnership and LLC operating agreements, various tax issues must be addressed. This is also true of multi-member LLCs that are treated as partnerships for tax purposes. Here are…

Matching Roth contributions: potential pitfalls The SECURE 2.0 Act added an option for employees who receive matching contributions from their employers to their 401(k) plans or other qualified plans. If…

The Inflation Reduction Act (IRA) expanded several existing tax incentives — and created some new ones — for homeowners who “go green.” Among the new incentives are two IRA-funded Department…

Owning a life insurance policy can provide peace of mind that your family’s financial well-being will be taken care of after you’re gone. It’s generally a good idea to set…

In the current business environment, many companies are finding it difficult — or prohibitively expensive — to secure the insurance coverage they need. One solution that may be worth exploring…

Choosing the right business entity is a key decision for any business. The entity you pick can affect your tax bill, your personal liability and other issues. For many businesses,…

Partnerships are often used for business and investment activities. So are multi-member LLCs that are treated as partnerships for tax purposes. A major reason is that these entities offer federal…

Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for those that qualify.…

Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect ownership of…

Get ready: The upcoming presidential and congressional elections may significantly alter the tax landscape for businesses in the United States. The reason has to do with a tax law that’s…

Start tax planning for 2026 Many tax-related changes made by the Tax Cuts and Jobs Act (TCJA) are scheduled to expire at the end of 2025. Beginning in 2026, among…

If you have two or more children, a “pot” trust may be right for your estate plan. Trusts can be an effective way to provide for your children. Typically, parents…

While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close their doors. If this is…

When a spouse dies, the last thing the survivor wants to deal with is higher taxes. But that’s exactly what can happen if he or she is caught in the…