Did you know that the IRS has issued a draft Partnership K-1 with extensive changes? Are you aware that the IRS has proposed new regulations for the limitation on the deduction of business interest? It may be time to contact your tax professional at Fuoco Group so that you have no surprises when your 2019...
Thanksgiving is here and 2020 is right around the corner — there is no better time to consider your year-end tax planning! We don't have a magic wand, but here are some tried and true tax minimization techniques our clients have found helpful over the years, especially since Tax Reform took effect: Deferring your income...
Fortunately for boat lovers, tax reform did not destroy all the benefits of boat ownership. Sure the love of the ocean breeze, inter-coastal sightseeing, fishing and water skiing on the lake are enough to bind a captain to his beloved vessel, but tax breaks make owning a boat a lot easier on the pocket book....
Got Debt? No one can predict how the U.S. economy will rebound from COVID-19. For many business owners and companies, the crisis has permanently challenged their financial stability. To stay viable in this “new normal,” restructuring of your balance sheet and debt obligations may be part of your post-pandemic strategy, but the tax implications of...
The government is still encouraging investment in solar energy and other alternative energy sources. As an incentive, the Internal Revenue Code offers a credit to taxpayers who install solar energy equipment in the form of a 30% credit for the costs of the solar panels and related equipment and material installed to generate electricity. It...
