This is the conundrum many face this year as a result of the New Tax Law. Increasing the Standard Deduction (doubling it) has had some profound impacts.1. It wi...
The "Tax Basis" is the fulcrum of this transactiion. Tax Basis is calculated typically as follows:Purchase Price + Improvement Costs - (Accumulated Depreciation...
The current Tax reform does not lower taxes for all. Instead it simply shuffles the the tax burden. For some, it means a higher tax burden for others not so muc...
A couple of factors to consider:1. What type of asset is sold? Does the asset qualify for Section 1231 treatment?2. Does the taxpayer/100% owner of S-Corp share...
