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Resources & Insights
Tax-wise ways to take cash from your corporation while avoiding dividend treatment
If you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax efficient since it’s taxable to you to the extent of your corporation’s...
New option for unused funds in a 529 college savings plan
With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax deductible, but...
How renting out a vacation property will affect your taxes
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a vacation home. In...
Passive Entities Under Texas Tax Law
By George Rendziperis, J.D., Director of State and Local Tax Under Texas law, “passive entities” are exempt from the Margin Tax and are not included in...
9 tax considerations if you’re starting a business as a sole proprietor
When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole proprietorship, you need to understand the tax issues involved. Here are nine considerations: 1. You may qualify for the pass-through deduction. To the extent your...
We May Never See a Better Environment for Transferring Wealth … Here’s Why
It may seem that there will always be time to address estate planning. However, a unique opportunity to maximize the amount of wealth that can be...
Charitable giving vehicles & Tax Implications
By: Andres Gonzalez and Craig Armstrong A charitable heart can yield significant tax benefits, and for high-net-worth individuals and families, understanding the intricacies of philanthropic vehicles...
CONTROLLING INTEREST TRANSFER TAX
By: George Rendziperis, J.D. If you own an entity that owns real estate and considering selling such entity, you must consider whether the state in which...
STATE AND LOCAL TAX DUE DILIGENCE
By: George Rendziperis, J.D. Is State and Local Tax (SALT) due diligence part of your merger and acquisition checklist? If not, a seller who is not...
Key 2024 inflation-adjusted tax amounts for individuals
The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers. Most of the federal income tax rate bracket thresholds are about 5.4%...
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Click the links below to view a variety of brochures breaking down vital information, compiled by our experts.
- 2022 Year-End Tax Planning Guide for Businesses
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