Hawkins Ash Tax Articles
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
