As taxpayers navigate the complex landscape of tax regulations, one important area to be aware of is the treatment of worthless securities. Worthless securities refer to stocks, bonds,...
Posted by Taxes Made EZ Inc on 06/09/2023
The traditional process is slow and tedious if you want to convert your corporation to an LLC. But in many states, there is an easier and less expensive way.Although it doesn't...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/28/2022
Starting a business can be an exciting new adventure for those with an idea who wish to be self-employed. There are several things to consider, however, when you are opening...
It is improbable that either of the party will have time to think about the insurance issues there will be when there is a dissolution of their marriage with all the raw emotions and...
Posted by LLOYD J CAZES CPA on 07/16/2020
The details on how to turn your small business from a C Corp to an LLC vary depending on several factors. While we may not be able to see all of the possible scenarios, here are some...
Posted by Larry Hurt on 02/25/2020
Breaking up is hard to do and that is the case with so many couples. Sometimes, even after divorce, ex-husband makes a loan to his wife in order to purchase a new home.In such cases,...
Posted by Duce Taxes & Accounting on 09/11/2018
One of the greatest advantages intra family loan has is that it can be a simple and effective wealth transfer strategy. It helps parents provide a financial resource to their children...
There are so many situations when the intra-family loans can be made. The intra-family loans could be made when your ex-wife or ex-husband is in need of money for buying a home or...
Posted by Tax Solutions & Accounting Services on 09/11/2018
Many businesses today are started with the high hopes of the owner. However, this does not mean that all those businesses are successful and this means that you must close out your...