by justin@creatovision.com | Mar 25, 2022 | Uncategorized
Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the year. The tax treatment depends on how many days it’s rented and your level of personal use. Personal use...
by justin@creatovision.com | Mar 23, 2022 | Uncategorized
If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2021 gift tax return. And in some cases, even if it’s not required to file one, it may be beneficial to do so anyway. Who...
by justin@creatovision.com | Mar 21, 2022 | Uncategorized
Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain types of property, such as IRAs or other retirement plans. Fortunately, there may be ways to minimize or even eliminate the IRD...
by justin@creatovision.com | Mar 18, 2022 | Uncategorized
There are major federal income tax incentives for manufacturers to buy new equipment. Yet leasing equipment can be a better choice for some companies. How do you decide what to do? There are many factors and potential benefits to weigh. Here’s a quick look. Tax...
by justin@creatovision.com | Mar 17, 2022 | Uncategorized
The COVID-19 pandemic has put unprecedented stress on private business owners. Some are now considering selling their businesses. Before putting your business on the market, it’s important to prepare it for sale. Here are six steps to consider. 1. Clean up the...
