by Emma Harrison | Jan 3, 2024 | Uncategorized
If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange. With this transaction, you exchange the property rather than sell it. Although...
by Emma Harrison | Dec 19, 2023 | Tax
Monetary awards and settlements are often provided for an array of reasons. For example, a person could receive compensatory and punitive damage payments for personal injury, discrimination or harassment. Some of this money is taxed by the federal government, and...
by Emma Harrison | Nov 14, 2023 | Blog, Images, Uncategorized
If you’re seeking a career in accounting, you can plan on being constantly challenged and learning new things. That’s definitely true in my position at Hare CPAs, and I consider it to be a plus. Hare CPAs is a firm that envisions abundance for all. With our driven...
by Emma Harrison | Oct 12, 2023 | Blog, Business, Tax, Uncategorized
Ever wonder how IRS examiners know about different industries so they can audit various businesses? They generally do research about specific industries and issues on tax returns by using IRS Audit Techniques Guides (ATGs). A little-known fact is that these guides are...
by Emma Harrison | Oct 4, 2023 | Tax, Uncategorized
If you gamble or buy lottery tickets and you’re lucky enough to win, congratulations! After you celebrate, be aware that there are tax consequences attached to your good fortune. Winning at gambling For tax purposes, it doesn’t matter if you win at the casino, a bingo...
