Take Advantage of a “Stepped-Up Basis” When You Inherit Property
If you’re planning your estate or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes.
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Whether it is tax legislation, financial reporting requirements, or accounting rules, changes happen every day. Santora CPA Group’s Alerts provide you with this time-sensitive information and any other issues that might impact you or your business.
If you’re planning your estate or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes.
There’s a new IRS form for business taxpayers that pay or receive nonemployee compensation.
The tax filing deadline for 2019 tax returns was extended to yesterday, July 15th, due to the COVID-19 pandemic. After your 2019 …
The IRS and the U.S. Treasury had disbursed 160.4 million Economic Impact Payments (EIPs) as of May 31, 2020, according to a …
As you may have heard, the Coronavirus Aid, Relief, and Economic Security (CARES) Act allows “qualified” people to take certain “coronavirus-related distributions” …
If you operate a small business or you’re starting a new one, you probably know you need to keep records of your …
If you’re age 65 and older, and you have basic Medicare insurance, you may need to pay additional premiums to get the …
The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs).
It’s often difficult for married couples to save as much as they need for retirement when one spouse doesn’t work outside the …
