6 Tips for Starting a New Business

So you are all pumped about your new business idea and are already looking for customers. Before you get much further, make sure that you have ticked off these accounting items from your business to-do list. A little work upfront will save you a ton of work down the...

The Tax Implications of a Foreclosure

The amount realized from a sale or other property disposition includes liabilities “discharged” in the sale or disposition (Reg. §1.1001-2(a)). This rule applies to nonrecourse debt regardless of the fair market value of the property transferred. Thus, even if the...
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