Even though portability now allows married couples to use up both spouses’ estate tax exemptions without having to make lifetime asset transfers or set up trusts, this “easier” path isn’t necessarily the better path. For couples with large estates, making
If you donate your vehicle, the value of your deduction can vary greatly depending on what the charity does with it. You can deduct the vehicle’s fair market value (FMV) if the charity: Uses the vehicle for a significant charitable
Income and losses from investment real estate or rental property are passive by definition – unless you’re a real estate professional. Why is this important? Passive income may be subject to the 3.8% net investment income tax (NIIT), and passive
Generally, businesses are limited to deducting 50% of allowable meal and entertainment (M&E) expenses. But certain expenses are 100% deductible, including expenses: • For food and beverages furnished at the workplace primarily for employees, • Treated as employee compensation, •
From traditional assurance and tax services to the latest in professional business advisory and consulting services, Brown Edwards provides you with the peace of mind you deserve.
