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The tax rules for legal awards and settlements: What recipients should know
If you’ve recently received a settlement or award from a lawsuit, or you’re expecting one, you may be wondering how the IRS views this...
ConnollySteele
May 152 min read


Can you turn business losses into tax relief?
Even well-run companies experience down years. The federal tax code may allow a bright strategy to lighten the impact. Certain losses,...
ConnollySteele
May 152 min read


The tax treatment of intangible assets
Intangible assets, such as patents, trademarks, copyrights and goodwill, play a crucial role in today’s businesses. The tax treatment of...
ConnollySteele
May 63 min read


Adoption tax credits: Easing the financial journey of parenthood
There are two tax breaks that help eligible parents offset the expenses of adopting a child. In 2025, adoptive parents may be able to...
ConnollySteele
May 63 min read


Operating as a C corporation: Weigh the benefits and drawbacks
When deciding on the best structure for your business, one option to consider is a CÂ corporation. This entity offers several advantages...
ConnollySteele
May 63 min read


Preparing for 2025 tax limits
We are well into 2025 and it's a good time to familiarize yourself with tax amounts that may have changed for 2025 due to inflation. Not...
ConnollySteele
May 63 min read


Still have tax questions? You’re not alone
Even after your 2024 federal return is submitted, a few nagging questions often remain. Below are quick answers to five of the most...
ConnollySteele
May 62 min read
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