by Borland Benefield Staff | Jul 29, 2022 | Articles for July 2022, Birmingham Accountants, Financial Planning, Tax Related, Thought Leadership
When it comes to selling your business, you must consider the buyer’s perspective — not just your own — to get the deal done. Both sides will require certain due diligence procedures, which take time and patience to get through. Here’s what to expect,...
by Borland Benefield Staff | Jul 8, 2022 | Articles for July 2022, Stock Market, Tax Code, Tax Loss Harvesting, Tax Related
Tax-loss harvesting – purposefully selling certain investments at a loss to offset realized gains on other investments – is a strategy for counteracting high gains taxes. While most investors are aware of tax-loss harvesting, many view it as a task performed at the...
by Borland Benefield Staff | Feb 9, 2022 | Articles for February 2022
If you received an EIP or ACTC payments, make sure you have your Advance Child Tax Credit letter (Letter 6419) and/or Economic Impact Payment letter (Letter 6475) on hand when preparing your returns. The IRS began mailing information letters to ACTC and EIP recipients...
by Borland Benefield Staff | Jan 20, 2022 | Articles for January 2022
Every year, the dollar amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. Here are some important tax figures for 2022, compared with 2021....
by Borland Benefield Staff | Dec 7, 2021 | Articles for December 2021
The Infrastructure Investment and Jobs Act of 2021 (IIJA) was signed into law on Nov. 15, 2021. The IIJA includes IRS information reporting requirements that will require cryptocurrency exchanges to perform intermediary Form 1099 reporting for cryptocurrency...
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