Quite a few of my clients are independent contractors. They are consultants, musicians or artists, or have formed LLC’s for the purpose of organizing a service business. When they land their first engagement or contract to provide services, or sell a song or artwork, often the first question they ask is “How do I complete […]
A Really Good Break
More than 90 years ago, Congress created a tax break designed to help family farmers acquire livestock and land. Today, 1031 like kind exchanges are used by companies of all types and sizes to defer the tax on capital gains from a sale of assets. The 1031 exchange derives its name from the section of […]
Property Tax Appeals
Do you know what time it is? Tax time. By now, you will have received a Notice of Property Tax Assessment. This notice starts the period in which tax appeals must be filed. The deadline for filing is April 1, or 45 days from the date the notice was mailed, whichever is later. Just about […]
