Like-kind exchanges for real estate

Like-kind exchanges — when you exchange real property used for business or held as an investment solely for other business or investment property that is the same type or “like-kind” — have long been permitted under the Internal Revenue Code. Generally, if you make a like-kind exchange, you are not[…]

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Do You Need to Adjust Witholding?

Many taxpayers did not update their W-4 form last year which led to an increased in their paychecks throughout the year, but it was sometimes more than the decrease in their taxes. Tax liabilities may have decreased on average but the size of tax refunds stayed about the same. The[…]

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