Tag: tax records


Tax Issues to Consider When Small Business Owners Get Divorced

For many small business owners, their ownership interest is one of their biggest personal assets. What will happen to your ownership interest if you get divorced? In many cases, your marital estate will include all (or part) of your business interest.

Sometimes, … Read More »

April 30th

Timely Articles. Comments Off on Tax Issues to Consider When Small Business Owners Get Divorced


Three questions you may have after you file your return

Once your 2018 tax return has been successfully filed with the IRS, you may still have some questions. Here are brief answers to three questions that we’re frequently asked at this time of year.

Question #1: What … Read More »

April 16th

Tax Planning. Comments Off on Three questions you may have after you file your return


An implementation plan is key to making strategic goals a reality

In the broadest sense, strategic planning comprises two primary tasks: establishing goals and achieving them. Many business owners would probably say the first part, coming up with objectives, is relatively easy. It’s that second part — accomplishing those goals — … Read More »

March 20th

Business Briefs. Comments Off on An implementation plan is key to making strategic goals a reality


Moving a trust over state lines can offer tax savings and other benefits

People who live in states with high income taxes sometimes relocate to a state with a more favorable tax climate. A similar strategy can be available for trusts. If a trust is subject to high state income taxes, you may … Read More »

March 7th

Estate Planning Briefs. Comments Off on Moving a trust over state lines can offer tax savings and other benefits


Tax document retention guidelines for small businesses

You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). But if your office is strewn with reams of paper consisting of years’ worth of tax returns, receipts, canceled checks and … Read More »


When Can You Purge Your Old Financial Records

Feeling the urge to purge? Before you clear your filing cabinets of old financial records, it’s important to make sure you won’t be caught empty-handed if an IRS auditor contacts you.

For Individuals

In general, you must keep records that support items … Read More »


Summer is a good time to start your 2017 tax planning and organize your tax records

You may be tempted to forget all about taxes during summertime, when “the livin’ is easy,” as the Gershwin song goes. But if you start your tax planning now, you may avoid an unpleasant tax surprise when you file next … Read More »

HOBERMAN & LESSER, LLP