Depreciation

Prior to 1986 for residential and 1981 for non-residential real property, the Tax Code was the real estate industry´s best friend. With accelerated depreciation and unlimited use of rental losses to offset other...

When the Tax Code originally became law back in 1913, if you sold a business asset that fit the general definition of "capital asset," you had a capital gain or loss. Period. During...

In my last entry, I introduced Gary and Denise Allen, who sold all the assets of their moving and storage business for less than their original purchase price and expected at the very...

A very unhappy couple came in for a consultation this past week. Up until last year, Gary and Denise Allen (not the clients´ real names) owned and operated a regional moving and storage...

Well it's that time of year again - time to scramble to file business taxes. I wrote in this blog post about the importance of having a physically separate office space in your...

Would it be beneficial for your business to purchase office space rather than continue leasing? Many businesses ask this very question. There are a few common factors that should be taken into consideration...

The purchase of a residence is the single largest transaction in which most individuals will ever be involved. For an entrepreneur or small business owner a similar statement can be made about the...