Archive for September, 2015

Thursday 09/03/2015

I Want to Write off Real Estate Losses: Is This Your Situation?

Molly Stinn, CPA details how real estate losses could benefit you come tax time:     Losses from real estate can generally only be used to offset income from “passive activities.” Any remaining losses must be carried forward — unless you’re a real estate professional. There’s another catch: Even real estate professionals must pass a […]

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Wednesday 09/02/2015

Inherited IRAs Bring Special Tax Issues for Surviving Spouses

Hank Gingerich, CPA advises on the various options of inherited IRAs:     When inheriting an IRA, a surviving spouse has several options. He or she can remain the beneficiary of the account. As an alternative, if the spouse is the sole beneficiary, he or she can instead treat the inherited IRA as his or […]

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Tuesday 09/01/2015

Analyzing Net Working Capital in Business Transactions

Mike Bigrigg, CPA/ABV, shows why you may need a business valuation:     We often perform business valuations for clients involved in the potential sale or purchase of businesses. Many times, the buyer and seller disagree over how net working capital, which is typically defined as all non-cash current assets less all non-debt current liabilities […]

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