What is a 1031 Exchange?
A 1031 exchange is a powerful tool that allows real estate investors to defer the tax on any gain on the sale of an asset.
Tag: Taxes
5 Common Problems Faced by CPAs
CPAs must become more comprehensive, tech savvy, and proactive to maintain their competitive edge.
Nobody Pays Tax on Bitcoin: Not For Long
The IRS set guidelines for the taxation of cryptocurrency with Notice 2014-21, but only 800 Americans reported such transactions from 2013 through 2015.
5 Ways CPA Firms Can Build Revenue Post Tax Season
With tax season long gone, CPA firms can finally enjoy the revenue this time has brought them. Many are happy withContinue Reading
Starting a New Business? Proper Structure Can Save You Thousands
Starting a new business will be one of the most stressful but exciting times of your life. There are manyContinue Reading
Brief History of Illinois’ Budget Crisis
In a 72-45 vote, the Illinois’ Democrat-controlled House of Representatives passed a bill for the state’s fiscal 2018 budget whichContinue Reading
2017 Uber Tax Guide
Uber is a location based ride-sharing app that allows users to request a “taxi” from their smartphone. The company hasContinue Reading
Happy Birthday!! Here’s How Getting Older Impacts Your Taxes
I know what you’re thinking, “it’s my birthday I don’t want to be thinking about taxes.” However, whether we likeContinue Reading