Blog

Let's start with the definition of travel according to the IRS--you are away from home overnight or for a period time sufficient to require sleep. For example,  you live in Philadelphia, fly to Charlotte, NC in the morning, and return that evening. You are not...

You can utilize these 4 tax strategies with an existing building, one that you are buying, or a building that you are renovating. These tax strategies with put cash in your pocket, or reduce or current tax liability. Accelerate depreciation on certain components of building Identify Repairs Allocate...

Owning a building has many headaches--such as new roofs, HVAC Units, lighting systems, etc., as they all eventually new replacement. Prior law added to these unwanted events, as you were stuck capitalizing and depreciating the new roof-and continued to to depreciate the old one as well. But...

One of the most common business entity types that is formed today is the limited liability company (LLC). I have many clients that are unsure as to why to form this type of entity and where. Compared to a corporation or sole proprietorship, and LLC...