Once You File Your Tax Return, Consider These 3 Issues

Once your 2021 tax return has been filed, there still may be some issues to consider. Many people have questions about how to find their refund status, which records can be thrown out and when to file amended tax returns. Continue Reading Once You File Your Tax Return, Consider These 3 Issues

Selling Mutual Fund Shares: What Are the Tax Implications?

Selling mutual fund shares involves many complex factors. Here are the basic rules. Continue Reading Selling Mutual Fund Shares: What Are the Tax Implications?

The Tax Rules of Renting Out Your Vacation Property

Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the year. Continue Reading The Tax Rules of Renting Out Your Vacation Property

The Election to Apply the Research Tax Credit Against Payroll Taxes

The credit for increasing research activities, often referred to as the research and development credit, is a valuable tax break for eligible businesses. Continue Reading The Election to Apply the Research Tax Credit Against Payroll Taxes

California Expands Pass-Through Entity Tax Benefits

California recently enacted Senate Bill 113 (SB 113), which made California’s new passthrough entity elective tax much more attractive for certain owners of S corporations, partnerships, and LLCs taxed as a partnership or an S corporation. Continue Reading California Expands Pass-Through Entity Tax Benefits

Married Couples Filing Separate Tax Returns: Why Would They Do It?

If you’re married, you may wonder if you should file joint or separate tax returns. Continue Reading Married Couples Filing Separate Tax Returns: Why Would They Do It?

Making Withdrawals from Your Closely Held Corporation That Aren’t Taxed as Dividends

Do you want to withdraw cash from your closely held corporation at a minimum tax cost? Continue Reading Making Withdrawals from Your Closely Held Corporation That Aren’t Taxed as Dividends

Small businesses: There still may be time to cut your 2021 taxes

Learn how to deduct 100% of the cost of items as bonus depreciation. Continue Reading Small businesses: There still may be time to cut your 2021 taxes