The IRS has clarified that if your loan money is forgiven, it won’t be considered taxable income. BUT, nor will it be eligible for tax deductions, even though you likely used it for expenses that normally would be … Read More
2018 and 2019 were big years for tax changes. The Tax Cuts and Jobs Act had major implications for individuals and businesses. In 2020, overall, we will see much less change but it’s important to ensure you’re taking advantage of … Read More
If you own rental property and receive rental income, there are certain expenses that you may qualify to deduct on your tax returns. Navigating the new tax laws and changes is particularly important for real estate investors. Emerald Financial Partners… Read More
Each year, we help our business clients review their business and tax changes. This year, though, it is more important than ever to meet with your accountant!
According to a recent article from ABC News, “it’s particularly important [this … Read More