Hawkins Ash Tax Articles

Sale Of Trade Or Business Property

The Tax Mechanics Involved in the Sale of Trade or Business Property

There are many rules that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s assume ...
Returns That Don't Match Irs Records

Businesses May Receive Notices About Information Returns That Don’t Match IRS Records

The IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that ...
What Records Can You Toss?

After Filing Your Taxes, What Records Can You Toss?

If you’ve filed your 2021 tax return, you may want to do some spring cleaning, starting with tax-related paper clutter ...
hire your children this summer

Hiring Your Minor Children for Summer Jobs

If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax ...
Adding A New Partner

Tax Considerations When Adding a New Partner at Your Business

Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are ...
Converting C Corporation

Tax Issues to Assess When Converting From a C-Corporation to an S-Corporation

Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S ...
Irs Examiners

What Do IRS Auditors Know About Your Business Industry?

Has your business been audited by the IRS? It may be stressful, especially if you don’t know what to expect ...
insurance plans and estate taxes

Shield Your Life Insurance From Federal Estate Tax

If you have a life insurance policy, be aware that the proceeds your beneficiary receives could be subject to federal ...