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The federal income tax rules that apply to private equity funds and investors have been the subject of much debate, mainly due to the perception by some members of Congress and the public that the rules include tax benefits that unfairly favor the wealthy.
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The limited supply of new and used vehicles, along with other economic factors, has driven up prices in the auto market. The average price of new cars increased by 13% for the year ending November 30, 2021, according to auto industry survey sources. Kelley Blue Book reports that the biggest jumps in…
Many companies are experiencing a buildup of accounts receivable on their balance sheets as customers — especially large corporate buyers — are stretching out their payment terms. While these bills may eventually be paid, delays are causing a cash flow crunch across many supply chains.
For empty nesters and other homeowners who don't need a large house anymore, downsizing may seem like the perfect solution. From a practical standpoint, a smaller home generally takes less time to maintain, unless it's much older than your current one. Plus, in today's booming real estate market,…
Good news: You just found out that your high school senior son or daughter will be receiving a sizeable scholarship at a prestigious university next fall. But what are the tax consequences?
