Jul 18 Prepare Now for Easier 1099s in January ’18
Now is the time to contact vendors for any missing W-9 forms, so that you have a less frenetic year-end. Our recommendations and tips for filing 1099s can make the process much easier for you. ...
Dec 05 How Does the Net Investment Income Tax Apply to Rental Real Estate?
Taxpayers should be mindful that their rental income may be subject to taxes in addition to ordinary income tax. This post covers the ins and outs of the Net Investment Income Tax. ...
Jul 13 Food Industry Trends and More: Notes from the Summer Fancy Food Show
Recently I had the opportunity to attend the Specialty Food Associations’ Summer Fancy Food Show in New York City. I was drawn to this particular show because we have many clients who are in the food and beverage industry. In addition, I am a “foodie”...
Dec 05 How are start-up expenses treated for new rental properties?
When projecting taxable income from your new rental property be mindful of start-up expenses, which are treated differently from expenses incurred when the property is ready and available for rent. ...