Blog | Page 91 of 96 | Anderson Business Advisors

A 1031 Exchange, is it Right for You?

Updated January 5, 2020 If you own real property that you could sell for a substantial profit, you may have wondered whether there’s a way to avoid or minimize the taxes that would result from such... Continue Reading

Holiday Hours

by Anderson Advisors - alglaw

Updated January 5, 2022 Holiday Greetings To ensure the best possible service, we kindly ask that you review our holiday office hours. If you need to form a new entity, request a consultation, or... Continue Reading

When Can You Dump Old Tax Records?

by Toby Mathis

Updated January 5, 2021 Taxpayers often question how long tax records must be kept and the amount of time IRS has to audit a return after it is filed. It all depends on the circumstances! In many... Continue Reading

Gambling Income and Losses – A Tax Perspective

by Toby Mathis

Updated January 1, 2021 A taxpayer may not reduce his gambling winnings by his gambling losses and just report the difference. Instead, gambling winnings are reported in full as income, and losses... Continue Reading

Getting Around the Kiddie Tax

by Toby Mathis

Updated December 15, 2020 Congress created the “Kiddie Tax” to prevent parents from placing investments in their child’s name to take advantage of the child’s lower tax rate. Kiddie Tax rules apply... Continue Reading