We have prepared a selection of frequently asked questions.
2 min read
Maurice La Verdure: Oct 8, 2024 2:10:01 PM
Electric vehicles (EVs) have become increasingly popular. According to Kelley Blue Book estimates, the EV share of the vehicle market in the U.S. was...
3 min read
Maurice La Verdure: Sep 5, 2024 12:11:02 PM
Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your pocket without...
2 min read
Scott Henvey: Sep 5, 2024 11:52:47 AM
Having a high income may mean you owe two extra taxes: the 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and...
2 min read
Maurice La Verdure: Sep 5, 2024 11:52:19 AM
Partnerships are often used for business and investment activities. So are multi-member LLCs that are treated as partnerships for tax purposes. A...
2 min read
Scott Henvey: Sep 5, 2024 11:31:30 AM
Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect...
2 min read
Maurice La Verdure: Jun 5, 2024 2:16:55 PM
After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you...
2 min read
Maurice La Verdure: May 10, 2024 9:58:20 AM
There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners...
2 min read
Maurice La Verdure: Mar 7, 2024 9:10:52 AM
Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly in certain industries...
2 min read
Scott Henvey: Feb 8, 2024 12:02:24 PM
When you file your tax return, a tax filing status must be chosen. This status is used to determine your standard deduction, tax rates, eligibility...
1 min read
Scott Henvey: Feb 8, 2024 11:41:39 AM
Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if you...
2 min read
Maurice La Verdure: Dec 19, 2023 11:36:27 AM
The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers.
2 min read
Maurice La Verdure: Nov 8, 2023 12:22:35 PM
Perhaps you’ve been in this situation before: You have a financial emergency and need to get your hands on some cash. You consider taking money out...
2 min read
Maurice La Verdure: Nov 8, 2023 12:18:33 PM
Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are...
