Florene Simpson Articles

How to Handle Form 7216 Compliance: Avoid These Critical Mistakes

Form 7216 compliance is an important responsibility for tax professionals who disclose or use taxpayer information. This guide explains how to handle Form 7216 requirements, highlights common compliance mistakes, and...

Tax-Loss Harvesting: An Overview And Its Mechanisms

Tax loss harvest minimizes tax liabilities by selling stocks at a loss, offsetting gains, and reducing overall tax liability. However, it also requires careful planning and execution. Mechanisms involve identifying...

Understanding Safe Harbor 401(K) Plans: A Business Owner’s Guide

Safe Harbor 401(k) plans offer a significant value for businesses of all sizes. They provide an organized way to offer retirement benefits to employees. These plans help attract and retain...

Maximizing Real Estate Profits: 1031 Exchange Guide

Tax-Deferred Strategy: The 1031 Exchange Rule, under Internal Revenue Code Section 1031, allows real estate investors to defer capital gains taxes by swapping one investment property for another, serving as...