Author: admin_falco

Thinking of Buying an Electric Vehicle in 2023?

The Inflation Reduction Act brought some significant changes to the rules for the electric vehicles (EV) tax credit. The federal electric car tax credit is an incentive…

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Tax Topics to Consider When Selling Your Home

Selling a home is a big decision. You leave a community you’ve grown to know and love, uproot yourself and your family, and head towards new horizons.…

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Important Considerations for Shareholders of S Corporations Undergoing Significant Ownership Changes

Many business owners are not aware of elections available to existing S corporations with significant ownership changes occurring in a given tax year, specifically the Internal Revenue…

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New Schedules K-2 and K-3: Enhanced Reporting of Foreign Information

Schedules K-2 and K-3 will be a major change to partnership and S corporation reporting starting in 2021 and will be required for 2022 and future years.…

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The Taxation of Collectibles: What Collectors Need to Know

A 1979 Wayne Gretzky rookie card sold for $1.79 million in December, while a Mickey Mantle rookie card brought in $5.2 million. Online collectible sales exploded. U.S.…

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