Jun 20, 2024
While avoiding capital gains tax when selling farmland completely is impossible, several strategies can help reduce, delay, or minimize the tax liability. One method is through property transfer to heirs, which doesn’t eliminate capital gains taxes but steps up...
Jun 20, 2024
As a tax preparer, it’s crucial to recognize scenarios commonly triggering IRS audits. Ensuring accurate and honest reporting with thorough documentation is key to avoiding issues. Failing to report all income, such as neglecting to include 1099 forms from...
Jun 4, 2024
Businesses need to store data, especially tax and client information, for years, but as technology rapidly evolves, determining the best methods for secure and recoverable long-term storage can be challenging. Physical storage options like CDs, DVDs, external hard...
Jun 4, 2024
To make the most of your accounting internship, it’s crucial to approach your first day with confidence and a willingness to learn. Start by refreshing your technical and software skills, ensuring you’re prepared to handle tasks efficiently. Embrace social...
Jun 4, 2024
Have you ever considered whether working from home suits you and your family? Today, running a business without needing a physical office is easier than ever. With technology allowing virtual face-to-face meetings, home-based businesses can save money and time and...
May 23, 2024
Clearing out a house, whether for a move or dealing with an inherited property, is a daunting task that requires careful planning and execution. Begin by assessing what needs to be removed, noting any specific challenges, such as heavy furniture or delicate items that...
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