For taxpayers affected by the Los Angeles wildfires, the Governor’s office announced that California will provide postponed income and...

California Wildfire Recovery Resource Guide for Individuals & Families, Businesses and Workers

California FTB Provides Tax Relief for those Affected by Jan 2025 Los Angeles Wildfires

IRS Provides for Tax Relief for those Affected by the Jan 2025 California Wildfires

October 29, 2024, Financial Crimes Enforcement Network (“FinCEN”) announced it was granting limited extensions for certain business...

2024 year-end tax planning and strategic tax planning is essential for physicians and healthcare professionals in private practice, with...

The IRS has released the marginal tax brackets for the 2025 tax year. With the TCJA currently set to expire in 2025, there are a...

Physicians and healthcare professionals spend years pursuing education and training, followed by a demanding work schedule once employed...

How Physicians are Supercharging Retirement Savings

One of the most substantial tax breaks for noncorporate taxpayers today is the federal income tax exclusion available upon the sale of...

Risks and opportunities for income from self-rentals

CPA-level Comprehensive Financial Planning for Physicians to Achieve Financial Independence and What Matters Most

While appreciated assets are what all investors hope for over time, they often come with big tax implications. Capital gains tax on...

Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are...

The Federal Reserve (Fed) finally cutting interest rates (after 420 days without a move, but who’s counting?). On Wednesday, September...

Rental properties are generally considered passive activities, regardless of whether the taxpayer materially participates, ensuring...

For business owners, deciding how and when to sell your company can be challenging to navigate. In fact, it is arguably the most...

Selling your medical practice is a significant milestone in your career, one that comes with a multitude of financial and legal...

FS-2024-23, June 2024 Treasury and IRS issued  final regulations  on reporting by brokers on dispositions of digital assets for customers...

There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and...