ConnollySteeleSep 12, 20223 minSeparating your business from its real estateDoes your business need real estate to conduct operations? Or does it otherwise hold property and put the title in the name of the...
ConnollySteeleJul 18, 20222 minImportant considerations when engaging in a like-kind exchangeA business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather...
ConnollySteeleApr 25, 20222 minThe tax mechanics involved in the sale of trade or business propertyWhat are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the...
ConnollySteeleApr 20, 20223 minThinking about converting your home into a rental property?In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing...
ConnollySteeleFeb 23, 20222 minAre you ready for the 2021 gift tax return deadline?If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to...
ConnollySteeleJan 3, 20223 minDefer tax with a like-kind exchangeDo you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is...