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Maximize Exit Wealth: The Enhanced Power of IRC Section 1202

Maximize Exit Wealth: The Enhanced Power of IRC Section 1202

Feb 13, 2026 | Business, IRC

For business owners, the sale of a business that they started, operated, and grew is a monumental event that warrants strategic planning to maximize the net exit value. The amendments to Internal Revenue Code (“IRC”) section 1202, with the enactment in July 2025 of...
Getting Organized: 2024 Taxes

Getting Organized: 2024 Taxes

Jan 15, 2025 | Capaldi Reynolds & Pelosi, Tax

Happy 2025! This year we will again be implementing a deadline for all our individual tax return clients to provide us their tax documents in order for us to get our work completed by the original due date of April 15,2025. Please provide your tax documents no later...
Household Employees

Household Employees

Dec 13, 2019 | Tax

How do you determine if an individual who is hired to do household work is considered a household employee or an independent contractor? Per the IRS guidelines, an individual who works around your home is considered a household employee if you can control the type of...
REPEAL OF ENTERTAINMENT DEDUCTIONS

REPEAL OF ENTERTAINMENT DEDUCTIONS

Dec 5, 2019 | News, Personal Finance, Tax

The Tax Cuts & Jobs Act (TJCA) repealed the deduction for business entertainment beginning in 2018.  This includes expenditures for taking clients to sporting events and shows, and paying for season tickets for various sporting events.   Generally, any dues for...