Physicians Getting Back to Private Practice

Physicians Getting Back to Private Practice

Is it time to be your own boss?  Private practice may be the answer best suited for physicians desiring a degree of autonomy and work-life balance that they may not be able to get from employment at hospital systems.  Some physicians may be motivated toward private...

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Federal and State Energy Credits

Federal and State Energy Credits

As climate change has become more of a political issue, the federal and state governments are actively incentivizing taxpayers to “go green”.  The Inflation Reduction Act recently passed by Congress made significant changes to the credits already offered by the...

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Like-kind Exchanges – IRC Section 1031

Like-kind Exchanges – IRC Section 1031

A 1031 exchange, named after section 1031 of the U.S. Internal Revenue Code, is a way to postpone capital gains tax on the sale of a business or investment property by using the proceeds to buy a similar property.  It is also sometimes referred to as a “like-kind”...

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Client Spotlight: DeSatnick Real Estate

Client Spotlight: DeSatnick Real Estate

Todd deSatnick began investing in real estate in 1996 when he purchased his first home in West Cape May.  After working with his family’s business, deSatnick’s Window Fashions, for a decade, Todd ventured into a full-time career in real estate in 2003.  In November of...

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Big, Big News from the IRS on August 24

Big, Big News from the IRS on August 24

In an effort to free up resources to address a huge backlog of returns to process and other pending issues, the IRS announced major relief for most taxpayers with certain failure to file penalties and International Information return penalties for tax returns for the...

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Roth IRA Conversion

Roth IRA Conversion

During the pandemic, the value of many traditional IRAs dropped with the decline in the stock markets, so it may be time to consider a Roth IRA conversion. Lower income in the conversion year could also be a factor in this decision, since the conversion amount could...

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Highlights of The Inflation Reduction Act of 2022

Highlights of The Inflation Reduction Act of 2022

President Biden signed this bill into law on August 16.  Here are some of the more interesting provisions.  For more information about any of these items, please contact us. Revenue Provisions Corporate Alternative Minimum tax of 15% which applies only to large...

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