Category: Tax Planning

Maximize Your Benefits: A Complete Guide to Navigating Open Enrollment

Open enrollment is an important time of year when you have the opportunity to review,…
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LLC vs. S Corporation: Which is Right for You? A Comprehensive Guide

When starting a business, choosing the right legal structure is critical for your tax strategy,…
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Roth IRA vs Traditional IRA: Which One is Right for You?

When it comes to retirement planning, two of the most popular options are the Roth…
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Frequently Asked Questions (FAQs) About 529 Plans in 2024

Saving for education has never been more important, and 529 plans are one of the…
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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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Understanding How FIRPTA Works

FIRPTA Represents – Foreign Investment in Real Property Tax Act FIRPTA is a U.S. tax…
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The Educator Expense Deduction can help offset out-of-pocket classroom costs

IRS Issue Number: Tax Tip 2024-66 The Educator Expense Deduction lets eligible teachers and administrators…
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Taxpayers should review the education tax credits before they file

IRS Issue Number: Tax Tip 2024-67 There are two education tax credits designed to help offset education…
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