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There’s a favorable “stepped-up basis” if you inherit property

There’s a favorable “stepped-up basis” if you inherit property

by angieduran | Apr 25, 2023 | Uncategorized

A common question for people planning their estates or inheriting property is: For tax purposes, what’s the “cost” (or “basis”) an individual gets in property that he or she inherits from another? This is an important area and is too often overlooked when families...
Paperwork you can toss after filing your tax return

Paperwork you can toss after filing your tax return

by angieduran | Apr 18, 2023 | Uncategorized

Once you file your 2022 tax return, you may wonder what personal tax papers you can throw away and how long you should retain certain records. You may have to produce those records if the IRS audits your return or seeks to assess tax. It’s a good idea to keep the...
Beefing up benefits may save tax dollars for construction businesses

Beefing up benefits may save tax dollars for construction businesses

by angieduran | Apr 4, 2023 | Uncategorized

Construction companies continue to find themselves embroiled in a protracted battle for skilled labor. One fundamental way to recruit the best talent and retain valued employees is by offering competitive compensation and benefits. Let’s focus on the latter, which may...

Recent Posts

  • The “wash sale” rule: Don’t let losses circle the drain
  • What’s a safe harbor 401(k)? Insights for employers
  • Understanding the “step-up in basis” when inheriting assets
  • What tax documents can you safely shred? And which ones should you keep?
  • Turning stock downturns into tax advantages

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