Blogs

When you give a gift to a friend or family member, you're likely not thinking about taxes, but the Internal Revenue Service (IRS) may want to know about it and even collect taxes. Don't worry—you likely don't have to worry about the gift tax for normal holiday or...

Depreciation is a crucial part of tax planning for businesses. For many years, businesses have been incentivized to invest in new equipment and property, knowing Section 179 expensing and bonus depreciation rules would allow them to deduct 100% of their capital...

Unlocking Tax Savings with the Pass-Through Entity Tax (PTET) Election Tax laws can be complex and sometimes result in significant financial challenges for taxpayers. One such challenge that emerged with the Tax Cuts and Jobs Act of 2017 (TCJA) is the $10,000 cap on...