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More than 20 states now allow pass-through entities (PTEs) to elect to be taxed at the entity level as a workaround to the $10,000 federal state and local tax (SALT) deduction limitation known as the “SALT cap.” Legislation that would enact similar elective PTE tax regimes is pending in several… Read more

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If you're lucky enough to own a vacation home, you might wonder about the optimal ownership structure for the property. For rental real estate properties and real estate held for investment, such as raw land, good choices are single-member and multi-member limited liability companies (LLCs). But the…

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People often ask: Is the interest paid during the year deductible on my federal income tax return? The answer is, "It depends." Generally, the interest you incurred must be allocated among the following five "baskets" for tax purposes. Based on how the interest is classified, it may be…

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With inflation rising to levels not seen in decades, many business owners are finding themselves in a tight spot. When higher prices threaten to squeeze your company, simply passing on those higher costs to your customers with price increases might not be an option. What else can you do to stay…

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Many people are concerned about climate change. In fact, 80% of people in a recent Pew Research survey said that they'd be willing to make changes in the ways they live and work to help reduce the effects of global climate change.

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Remote work has become more common in recent years, and the COVID-19 pandemic has resulted in employers realizing that many jobs can be done from home.

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If you own a small or medium-sized business, it may be eligible for some significant tax breaks that aren't available for larger entities. Here are three examples to consider as you file your tax return for 2021 and plan for 2022.

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Businesses that invest in research and development, particularly those in the technology industry, should be aware of a major change to the tax treatment of research and experimental (R&E) expenses.

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