» Tax Planning

Like-Kind Exchange Rules No Longer Require Purpose-Or-Use Test

The IRS issued new guidelines in November 2020 affecting 1031 like-kind exchanges. Commenters on the proposed changes argued that continuing to impose the purpose-or-use test would improperly limit the types of real property that would qualify for a… Read More

What is a 1031 Tax Deferred Exchange?

A 1031 tax-deferred exchange provides a great way for investors to defer capital gains taxes by selling one investment property and using those same funds to purchase a different investment property. The 1031 tax-deferred exchange receives its name f… Read More

Filing Taxes after Divorce in Ohio

When you sign your divorce paperwork one of the last things you probably want to think about is your next tax return. However, your divorce agreement could drastically affect your tax liability. This means you may owe more or get a larger tax refund… Read More

SEP IRA vs. Solo 401(k): Which One is Right for Your Business?

Do you own a small business and are considering starting a retirement plan for your employees and yourself? Are you not sure about which one is right for your business? Both an SEP IRA and solo 401(k) are retirement accounts that allow you as the bus… Read More

Qualified Charitable Distributions - What they are and how they provide valuable tax savings. [a detailed review]

A qualified charitable distributions are donations to an eligible charity taken directly from your traditional IRA. Depending on the amount you give to qualified charitable organizations annually, the tax savings of having the payments made directly… Read More

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