Installment Sales Method - Delaware CPA

Using the Installment Sale Method to Reduce Your Tax Liability

Posted by Tini Graff, CPA Making a profit when selling a piece of property should be a really good thing.  However, have you ever worried about how much tax you have to pay on that profit, particularly when being paid over the course of a few years?  If you are not receiving all of the cash from the sale, how … Continued

Cancelled Debt Business Impact - Delaware CPA

Canceled Debt – The Business Effect

As a general rule, an individual taxpayer who is not considered insolvent or in bankruptcy may have to treat cancelled debt unrelated to their personal home as taxable income.

Delaware Business Valuations

Common Valuation Mistakes to Avoid

Whether you are considering a business sale, merger, or acquisition or need to understand an organization’s value for another reason, such as estate planning or gifting, determining an accurate value will help you make smart.

Business Valuation Documentation

Documentation Needed for a Business Valuation

There are many reasons that a business owner needs to have a business valuation performed. Often these include a merger or acquisition, divorce, estate planning, exit or succession planning, and shareholder or partner disputes.

Online Sales Business - Tax Planning

Are you REALLY ready to start your online sales business?

E-commerce is a rapidly growing area and many individuals are trying to get in on the action. No matter what platform you chose for selling (Amazon, Ebay, Etsy, etc.), there are items that you may not consider or even know about, but must be addressed.

Education Cost Tax Planning

Education Costs: Using Them For Your Benefit

Sending yourself, your spouse or one of your children to college can be very expensive. Having to pay for books, tuition, meal plans and housing can take a toll on bank accounts. Luckily, the IRS has credits and deductions in place to help those who desire a higher education.

FBAR Filing Tax Deadlines

Report of Foreign Bank and Financial Accounts (FinCEN Form 114/FBAR)

The IRS has issued sweeping changes to the way U.S. taxpayers are required to report interest in foreign bank accounts. Although taxpayers were always required to report and pay taxes on income earned in foreign accounts, not until recently did the IRS along with other government agencies step up enforcement to eliminate attempts to avoid paying taxes.