Most Americans would agree that a big refund is a good thing. And if you can’t get that big, fat refund check, the lowest tax bill is the next best thing. But is this always true? Are there reasons why you may not want to pay the lowest tax possible in the current year? It may sound strange, but it could be the case. Here are a few reasons why. …
Read More »Taxes can be complicated. Things become even more complicated when you are dealing with a partnership in which people have different priorities and goals. The Drop and Swap 1031 process can also be a mystery. If you find yourself in a position where this term has been brought up, these are some of the facts you need to know. First, What Exactly Is a Drop and Swap 1031? A Drop and Swap 1031 is a tax-deferred exchange in which the partnership transfers its ownership interest in one property to another.…
Read More »Filing taxes is not a joke because it involves many laws. That’s why many people find it challenging. However, it’s not impossible. If you find this process hectic and time-consuming, you should hire a tax consultant. These professionals are well-versed with tax laws and can help you plan and comply. Letting them do your taxes will keep your liability to a minimum and save you money throughout the year. Keep reading to find out how they’ll help you comply.…
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