Tax Insights & Strategies
Welcome to our Tax Insights, Strategies, and Updates page, your go-to resource for staying informed about the latest tax law changes, financial strategies, and expert insights. Here, we share valuable guidance to help individuals and businesses confidently navigate the complexities of the tax landscape. Whether you're looking for tips to minimize your tax liability, updates on recent regulatory changes, or strategies to optimize your financial goals, you'll find it all here. See below for the latest posts, and stay ahead in your tax planning journey.
Accelerate Your Depreciation Deductions with Cost Segregation
Cost segregation is a powerful tax strategy that allows property owners to accelerate depreciation deductions by separately depreciating non-real property elements
New Reporting Requirements for Digital Assets
New tax reporting requirements are coming for digital assets like Bitcoin, NFTs, and Stablecoins. Starting with the 2025 tax year, digital asset brokers must report transactions to the IRS using Form 1099-DA.
15 Exceptions to the 10% early IRA Withdrawal Penalty
Early withdrawals from a traditional IRA typically incur a 10% penalty tax, but there are several exceptions that can help you avoid this penalty. These include scenarios like medical expenses, higher education costs, first-time home purchases, and more. Understanding these exceptions can help you manage your retirement savings effectively.