When someone gives another person property without getting anything in return, it’s called “gifting.” This term is often used when talking about taxes. However, gifting can be an important part ...
Should I Form an S Corporation or a C Corporation?
It all starts with an idea. The idea grows into a plan, then a business. Somewhere along the way, the budding business owner picks a business entity. It may all come down to whether he or she should f...
Are You Ready for the New IRS Enhanced Partnership Audit Rules?
Thinking of the IRS strikes fear in most of us, especially when “IRS” is used in conjunction with the word “audit.” This is especially true when IRS regulations change, requiring a fresh look ...