Did you inherit real estate from a deceased spouse? The internal revenue code has special tax treatment for valuing the basis of inherited property regardless if you have estate tax filing requirements and no doubt this will impact you. If the inherited property has appreciated in value, the surviving spouse will generally receive a step […]
Most every business start-up has come across the question “LLC or S corporation?”. While this is a very common question, the response is often different depending on who you are talking to. It should be noted that an LLC might work for some while an S corporation could be better for others – there is no […]
September 15, 2015 – This is the last day to file a 2014 calendar year income tax return for your: Corporation Partnership Trust/Estate Be aware – This due date applies only if you timely requested a 6-month or 5-month extension. If you did not file an extension then there is even more urgency to file […]
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Mark Twain quotes on government click here
Mr. Smart Tax, Inc. will be presenting an exciting course on the basics of personal finance and managing your money. Learn how to take control of your money and strengthen your financial health whether you are starting out on your own, starting to invest or getting ready for retirement. Call to register today (800) 425-0570 or register online here Date/Time: September […]
Today there are many reference to fair and equal, but do we really understand what these words mean? Do the politicians blasting their fair an equal message understand what they’re talking about? In the most basic sense: Fair = in accordance with the rules or standards; legitimate. Equal = a person or thing considered to be the […]