I had the opportunity to listen to a podcast hosted by attorney Eric Green. His guest on the podcast was Rocco Steco, the Acting Director for Collection Policy at the IRS. Many temporary … [Read more...] about IRS Collections – Updates
IRS
Happy Birthday to Health Savings Accounts
As health insurance premiums get increasingly expensive, employers are looking to shift costs to their employees. They do this by having a high deductible health plan (HDHP). These plans … [Read more...] about Happy Birthday to Health Savings Accounts
Real Estate 721 Exchange
Real estate investors are more familiar with the 1031 exchange, a like-kind exchange. This is where the owner exchanges their rental property for a new property at equal or greater value and can … [Read more...] about Real Estate 721 Exchange
Corporate Transparency Act
In the aftermath of the released Panama Papers, US lawmakers enacted the Corporate Transparency Act. The law's stated purpose is to combat money laundering through shell companies in the United … [Read more...] about Corporate Transparency Act
529 Plan Rollover to a Roth IRA
Starting January 1, 2024, the SECURE Act 2.0 has made it possible to roll over over-funded 529 plans to a Roth IRA to help save for retirement. Most parents are concerned that they won’t be able to … [Read more...] about 529 Plan Rollover to a Roth IRA
Benefits of Owning a Rental Property
Generating income and increasing owner appreciation aren’t the only ways investors hope to profit by owning a rental property. The tax code is full of tax benefits for real estate … [Read more...] about Benefits of Owning a Rental Property
