Tax

Effective tax planning is an ongoing process, not a singular annual event

The Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that exempts all U.S

When buying real estate for investment, whether residential property or commercial buildings, the primary goal upon exiting is to profit from the sale

https://windes.wistia.com/medias/0f34mmjff3?embedType=async&videoFoam=true&videoWidth=640 https://windes.wistia.com/medias/jkbz4h8r2r?embedType=async&videoFoam=true&videoWidth=640   At a Glance Main Takeaway Cost segregation studies are powerful analyses that help maximize depreciation deductions and minimize tax liability for residential and commercial rental properties a taxpayer owns or is looking to acquire. A cost segregation study examines each property element and accelerates depreciation deductions for…

Federal Individuals and businesses in Southern California affected by wildfires now have until October 15, 2025, to file various federal individual and business tax returns and make tax payments

**Please see updated post 2/19/2025 here: https://dev1.windes.com/boi-now-mandatory-march-21-deadline/   The BOI reporting mandate roller coaster ride continues

A federal district court in Texas issued a nationwide preliminary injunction against enforcing the beneficial ownership reporting requirements mandated by the Corporate Transparency Act (CTA)