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…
Author: admin_falco
November 8, 2022
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.…
March 31, 2022
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…
February 24, 2022
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.…
February 8, 2022
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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