Whose Income is K-1 Income Anyway, Mine or My Business’?

A client of ours who is contemplating applying for a mortgage loan to buy a house, recently asked me if their business profit can be considered part of their personal income. My short answer to [...]

Year-End Tax Planning Strategies for Individuals

Once again, tax planning for the year ahead presents a number of challenges, first and foremost being what tax reform measures (if any) will actually become legislation–and when they take effect [...]