Federal Tax News for Individuals

1. Involved in Crypto? Here Are Some Tax Issues 2. Reporting Income Earned from Gigs 3. Tip Income Responsibilities for Employees and Employers 4. IRS Issues the 2022 Foreign Housing Cost Exclusions 5. Supreme Court Declines to Hear Passport Revocation Case

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Tax Angles for Landlords Today

In the current economic environment, many rental property owners are incurring losses. But they may not to be able to currently deduct them. Here's an overview of information that property owners should know about: deductions for operating costs and depreciation, the passive activity loss rules, the excess business loss rule and net operating losses, as well as details about properties generating taxable income.

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Take Advantage of Tax Breaks for Small Businesses

If you own a small or medium-sized business, it may be eligible for some significant tax breaks that aren't available for larger entities. Here are three examples to consider as you file your tax return for 2021 and plan for 2022. […]

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Going private

Dell, H.J. Heinz, Dunkin’ and many other companies have delisted from the public markets in recent years. Is it time for your company to say goodbye to Wall Street?

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Rx for valuing a distressed business

Owners of struggling businesses may want to assess how much their operations are worth for many reasons, including M&A, estate planning, shareholder buyouts and bankruptcy. Here’s an overview of how valuation professionals treat these special circumstances.

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Don’t discount the key person discount

Many CEOs joined the “Great Resignation” in 2021. Unfortunately, some businesses will struggle without the continued involvement of a so-called “key person.” This is a major risk that must be factored into the valuation equation.

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