Understanding Step-Up in Basis: A Key Tax Benefit for Inheritors
When inheriting property, one significant financial advantage that can impact your tax obligations is the “step-up in basis.” This tax
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Does a single-member LLC Need to Change Its Name After Electing S Corporation Status?
When a single-member LLC elects to be taxed as an S Corporation by submitting IRS Form 2553, it’s common for
Continue readingJanuary 1 Deadline Approaching for Reporting Beneficial Ownership Information
Are you among the millions of business owners affected by the Corporate Transparency Act (CTA)? If so, you are required
Continue readingDo Homeowners Associations (HOAs) Have to Report Beneficial Ownership?
The Financial Crimes Enforcement Network (FinCEN) recently provided clarification on whether homeowners associations (HOAs) are required to report beneficial ownership
Continue readingNavigating Transfer on Death Deeds in Georgia: A Guide for Property Owners
In the state of Georgia, managing your estate and ensuring that your assets are seamlessly transferred to your beneficiaries is
Continue readingThe Concept of “Paying Yourself First” for Everyone
Managing money effectively is a critical skill, regardless of your age or financial situation. One of the most effective strategies
Continue readingTheir Uber Driver Crashed. A Pizza Order Unraveled Their Injury Lawsuit. – NY Times
A New Jersey couple sued Uber after a serious car accident, but their lawsuit hit a roadblock due to an
Continue readingGeorgia Tax Deadline Extensions for Hurricane Helene Victims
https://dor.georgia.gov/press-releases/2024-10-03/dor-extends-tax-relief-victims-hurricane-helene The Department of Revenue announced today that certain return and payment deadlines for taxpayers have been extended to May
Continue readingThe Importance of Living Within Your Means and Saving Money
In today’s world, social media often makes it seem like everyone is living a life of luxury and wealth. We
Continue readingRoth IRA vs. Traditional IRA
An IRA is a type of savings account for retirement, and there are two main types: Roth and traditional. Both
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