You know the old saying: “Debt forgiven is income earned.” The IRS agrees. But like most things in the tax world, the truth depends on why and how that debt disappeared.
When Debt Disappears: The Tax Sting of Cancellation of Debt Income (and How to Defuse It)
You know the old saying: “Debt forgiven is income earned.” The IRS agrees. But like most things in the tax world, the truth depends on why and how that debt disappeared.
Start With the End in Mind
As we move into the final stretch of the year, it’s time for every business owner to take a closer look at their policies and documentation for company-provided vehicles and employee reimbursements.
Section 199A and the Trade-or-Business Hurdle: A Crucial Distinction for Real Estate Owners
As we move into the final stretch of the year, it’s time for every business owner to take a closer look at their policies and documentation for company-provided vehicles and employee reimbursements.
I’ve Saved All My Life for Retirement… Now What?
One of the most overlooked tax strategies for entrepreneurs and early-stage investors is the Qualified Small Business Stock (QSBS) exclusion under IRC §1202. When structured properly, QSBS can allow up to a 100% exclusion of federal capital gains on the sale of stock—potentially saving millions in taxes.
Required Minimum Distributions: What You Need to Know Before Year-End
Fall is a season for preparation — a time to review what you’ve built and make sure it’s safe for the future. Many assets are exposed to risks you may not realize. Learn how thoughtful wealth planning can help protect your retirement accounts, your home, and your legacy.
Roth IRA Conversion: “Are They Right for Me?” (Year-End Edition)
Fall is a season for preparation — a time to review what you’ve built and make sure it’s safe for the future. Many assets are exposed to risks you may not realize. Learn how thoughtful wealth planning can help protect your retirement accounts, your home, and your legacy.
Unlocking Major Tax Savings with Qualified Small Business Stock (QSBS)
One of the most overlooked tax strategies for entrepreneurs and early-stage investors is the Qualified Small Business Stock (QSBS) exclusion under IRC §1202. When structured properly, QSBS can allow up to a 100% exclusion of federal capital gains on the sale of stock—potentially saving millions in taxes.
The Hidden Value in Business Assets
When buyers evaluate a business, they don’t just look at revenue and profit. They also look closely at the assets that power operations — vehicles, tools, and specialized equipment. These tangible pieces often tell a story about how well a company is run and how ready it is for a seamless transition.
Asset Protection: The Overlooked Side of Wealth Planning
Fall is a season for preparation — a time to review what you’ve built and make sure it’s safe for the future. Many assets are exposed to risks you may not realize. Learn how thoughtful wealth planning can help protect your retirement accounts, your home, and your legacy.