Author: Surya Padhi, EA

Maximizing Tax Savings: The PTET Strategy for Pass-Through Entities (PTEs) in Participating States.

Introduction: Understanding PTET and the SALT Cap In 2017, the Tax Cuts and Jobs Act…
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What Is a Section 1035 Exchange? A Smart Strategy for Insurance Policyholders

Just as real estate investors benefit from tax-deferred exchanges under Section 1031 of the Internal…
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Understanding Section 1031 Exchange: A Powerful Tool for Real Estate Investors

For real estate investors, tax deferral can be a key strategy in maximizing profits and…
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Maximizing Retirement Savings: The Backdoor Roth IRA Strategy

As you may know, direct contributions to a Roth IRA are subject to income limits,…
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IRS reminder: Third estimated tax payment due Sept. 16; disaster-area taxpayers have more time

Issue Number:    IR-2024-231 WASHINGTON — The Internal Revenue Service today reminded taxpayers the deadline…
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HAVE MANY 401K ACCOUNTS? THERE ARE REASONS TO CONSOLIDATE NOW.

The era in which an individual was employed by a company and remained there for…
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IRS encourages people to do an end-of-summer tax checkup to avoid tax surprises next year

Issue Number:    IR-2024-225 WASHINGTON – The Internal Revenue Service today encouraged taxpayers to consider using…
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IRS reminds taxpayers of important tax guidelines involving contributions and distributions from online crowdfunding

Issue Number:    FS-2024-28 FS-2024-28, August 2024 Crowdfunding distributions may be includible in the gross income…
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FORM W9 REQUEST FOR TAX IDENTIFICATION

FORM W-9 : Your Essential Guide to IRS Compliance:

Follow Us : YouTube | Facebook | Linked In Businesses utilize IRS Form W-9 to…
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IRS INTEREST RATE FOR 4TH QUARTER, 2024

Issue Number:    IR-2024-220 WASHINGTON — The Internal Revenue Service today announced interest rates will…
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