Real estate tax · Jun 27, 2026 Assets That Qualify for a Step-Up in Basis at Death
Understanding which assets qualify for a step-up in basis is crucial for effective estate planning. This tax advantage allows heirs to inherit assets at their current market val…
By Ozhan Yuksel, EA, MBA · 2 min
IRS & compliance · Jun 26, 2026 Understanding Schedules 1, 2, and 3 for Form 1040
Schedules 1, 2, and 3 supplement Form 1040 for taxpayers with income, adjustments, taxes, or credits beyond the main form's scope. These schedules streamline the 1040 while capt…
By Ozhan Yuksel, EA, MBA · 2 min
Real estate tax · Jun 25, 2026 Strategies to Offset Capital Gains Taxes
Capital gains taxes can significantly impact investment returns. Fortunately, several strategies exist to minimize this tax burden. This article explores key methods for offsett…
By Ozhan Yuksel, EA, MBA · 2 min
General tax · Jun 24, 2026 Health Savings Accounts (HSAs): A Comprehensive Guide
Explore the benefits and drawbacks of Health Savings Accounts (HSAs). Learn how HSAs can offer tax advantages and long-term savings for healthcare expenses, but also require car…
By Ozhan Yuksel, EA, MBA · 3 min
Real estate tax · Jun 23, 2026 Choosing a Qualified Intermediary: 7 Key Questions
Selecting a qualified intermediary (QI) is crucial for a successful 1031 exchange. This guide provides seven essential questions to ask before entrusting a QI with your funds, e…
By Ozhan Yuksel, EA, MBA · 3 min
Payroll · Jun 22, 2026 Are Retirement Pension Payouts Considered Taxable Income?
Understanding the tax implications of retirement pensions is crucial for financial planning. This guide clarifies whether your pension income is taxable and how it impacts your …
By Ozhan Yuksel, EA, MBA · 2 min
General tax · Jun 21, 2026 Roth IRA vs. Qualified Retirement Plans: Key Differences
Understand the distinctions between Roth IRAs and qualified retirement plans. While Roth IRAs offer tax advantages, they do not meet the IRS's 401(a) requirements for qualified …
By Ozhan Yuksel, EA, MBA · 2 min
Real estate tax · Jun 20, 2026 How Do You Report The Sale Of The Inherited Property On A Tax Return? - Tax and Law Research Inc
President Biden proposes the elimination of a step-up in basis in inheritance property. Anyone who’s dealt with inheritance property knows how crucial the step-up of basis…
By Ozhan Yuksel, EA, MBA · 3 min
Real estate tax · Jun 19, 2026 Converting a 1031 Exchange Property to a Personal Residence
Learn the IRS rules for converting a 1031 exchange property into a personal residence. Understand holding periods, intent, and how to avoid disqualifying your exchange.
By Ozhan Yuksel, EA, MBA · 2 min
IRS & compliance · Jun 18, 2026 How to Check Your Federal Income Tax Return Status Online
Track your federal income tax return status efficiently through the IRS's online tools, including the 'Where's My Refund?' tool and the IRS2Go mobile app. Learn how to access yo…
By Ozhan Yuksel, EA, MBA · 2 min
Business structures · Jun 17, 2026 Understanding the Uses and Importance of Your Tax ID Number
A Tax ID Number (TIN), including the Employer Identification Number (EIN), is crucial for businesses to fulfill tax obligations, open bank accounts, and protect against fraud. T…
By Ozhan Yuksel, EA, MBA · 2 min
General tax · Jun 16, 2026 Understanding Tax-Deferred Savings Plans: A Comprehensive Guide
Explore tax-deferred savings plans, including IRAs and 401(k)s, and how they allow your investments to grow tax-free until retirement. Learn about the advantages, different type…
By Ozhan Yuksel, EA, MBA · 2 minTalk to us this week.
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