Defending Fair Market Value
“Fair market value (FMV) is the price that property would sell for on the open market. It is the price that would be agreed on
“Fair market value (FMV) is the price that property would sell for on the open market. It is the price that would be agreed on
If you own your own business, by hiring your children you can save in the following ways: Salaries paid to children under 18 are not
On average less than 2% of over 90 million tax returns are selected for audit each year. The percentage increases for higher income groups and
Most income you receive is taxable income that is reported to you and to the Federal/State tax authorities. However, there are a few income-producing events
Understanding the rules surrounding investment losses can really help minimize your tax obligation each year. This is because investment gains and income can be subject
IRS to send out special mailings Noted here is a copy of a recent interest error calculation announcement made by the IRS. If you recently
With the increased popularity of lotteries and casinos, more unsuspecting winners are experiencing a lucky payday only to end up with a huge tax head-ache
Understanding Required Minimum Distribution (RMD) Rules Every year thousands of taxpayers are hit with a heavy 50% penalty for not withdrawing enough money from their
The tax code allows deductions for qualified miles driven for business, medical, moving and charitable purposes. But to claim this deduction you must keep adequate
In a continuing effort to provide information as we listen to the budget and debt debates out of Washington D.C., outlined here are some IRS
Earning more? Learn why high-income individuals face increased IRS scrutiny and how to protect yourself.
Reduce your tax burden with strategic planning tailored for high earners, entrepreneurs, and executives.
Maximize your return: Discover overlooked tax deductions for high earners, business owners, and investors.