by admin | Aug 24, 2025 | Uncategorized
Many hotel owners overlook the significant impact property taxes can have on their bottom line. How to make sure your property taxes are under control in just 5 steps. Owning a hotel can be both rewarding and challenging. One of the biggest challenges? Property...
by admin | Jun 20, 2025 | Uncategorized
Why it’s now harder to avoid penalties—and what you should do about it. According to a recentForbes article by international tax attorney Virginia La Torre Jeker, the IRS has significantly stepped up enforcement around offshore income and foreign asset disclosures....
by admin | Mar 7, 2025 | Uncategorized
Not reporting rental income can lead to serious consequences. Here’s what you need to know: Penalties and Interest The IRS imposes various penalties for underreporting or failing to report rental income. An accuracy-related penalty typically amounts to 20% of...
by admin | Dec 18, 2024 | Uncategorized
President Trump’s future tax proposals are making headlines with plans to reduce tax burdens for individuals and businesses while aiming to stimulate economic growth. Here’s what you need to know: Key Insights Extension of 2017 Tax Cuts: Proposed to make the lower...
by admin | Sep 6, 2024 | Uncategorized
Missed the April Tax Deadline for Your 1040? Here’s How a Tax Extension Works Did the tax deadline sneak up on you this year? You’re not alone—millions of people filed for a tax extension in 2024, pushing their individual deadline from April 15 to October 15. But...
by admin | Aug 16, 2024 | Uncategorized
A recent Supreme Court decision has impacted how small businesses handle ownership transfers when a key shareholder dies. In Connelly v. United States, the court decided that life insurance proceeds used by a company to buy back shares of a deceased shareholder must...
