By: Amanda Wilson Here is a brief article that goes into more detail than yesterday's post regarding the recent decision that impacts abandonment losses. The article can be found here.

By: Amanda Wilson Several years ago, many taxpayers faced with underwater partnerships would abandon their partnership interests, thereby triggering an ordinary loss. This ordinary loss was often preferred over the capital loss that would be...

By: Amanda Wilson Undoubtedly, right before the end of the year, you were inundated with information about steps you could take as part of the year-end tax planning for your business. While the end of the year does offer great tax planning...

By Amanda Wilson If you are an employee of a company for which you are also an owner, you should consider reviewing your current compensation for its reasonableness. It is very common for small businesses to be formed as Subchapter S corporations....