Taxes

Payments In A New Year: When To report the income

Payments in a New Year: When to Report the Income?

WAIT A MINUTE!!! Why did I get a 1099 for monies I received in a following year? You did the work late in the year. You expect to get a check in that year, but actually receive the check just after th...

1031 Exchanges: People don't plan to fail

1031 Exchanges: People Don’t Plan to Fail

With the majority of investment 1031 Exchanges failing every year, the primary reason tends to be lack of planning. For more than 25 years, I’ve worked on countless commercial 1031 Exchanges nationall...

What do Jellyfish & The IRS have in common? Gary Weiss

What Does the Immortal Jellyfish and the IRS Have in Common?

When the IRS needs to collect an outstanding tax liability, do they ever go away? I had never heard of the Immortal Jellyfish until I saw it on the show, “Blacklist.” Turns out the Immortal Jellyfish ...

8 Things Business Owners Should Do in 2022

8 Things Business Owners Should Do in 2022

With a new year upon us, it’s a great time to brush up on operations. Use your time early to take on these 8 things every business owner should do to give their business a leg up this year. Write a Bu...

2021 Tax Tips: A Look Into the Future

2021 Tax Tips: A Look at the Future

The end of the year always means the possibility of last-minute tax changes, and this year, that’s especially true. Here are some tax tips to help with your 2021 taxes. New legislation may mean ...

Yikes! I got a tax notice in the mail!

Yikes! I Got a Tax Notice In the Mail!

Don’t panic and don’t ignore a tax notice sent by the IRS. One of the great fears we all share is receiving an IRS notice in the mail, especially if it shows up requiring a signature. The fear and anx...

taxation-of-cryptocurrency-and-nfts-new-rules-coming

Taxation of Cryptocurrency and NFTs: New Rules Coming

Cryptocurrency, a type of digital currency that uses cryptography for security and anti-counterfeiting measures and is not controlled by any bank or government, is becoming more mainstream as more com...

a_proposed_solution_to_our_current_tax_system

A Proposed Solution to Our Current Tax System

It’s time to take a fresh look at how we tax people here in the United States. While the IRS is a necessary entity that serves a legitimate purpose, we as a country need to shift our approach toward a...

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Will the Federal Government Put Limits On 1031 Exchanges?

A 1031 Exchange is a tax-advantage option in which a taxpayer can exchange one investment real property for another. Taxpayers are able to defer the tax consequence of the sale of the original investm...