by Stephanie Nolan | Oct 9, 2024 | Family, Individual Tax
When inheriting an IRA, understanding the basics of inherited IRA rules is crucial for managing your tax liabilities and ensuring compliance with IRS regulations. The transfer of assets from the original owner to the beneficiary can be complex. We’ve summarized the...
by Stephanie Nolan | Aug 14, 2024 | Small Business, Tax Planning
Understanding the difference between a hobby and a business is crucial for tax purposes. While both can bring in income, the IRS distinguishes them based on your intent to make a profit. This blog will guide you through how the IRS makes this determination, what...
by Stephanie Nolan | Aug 5, 2024 | Family, Individual Tax
Graduating from college is a significant milestone, but it often comes with the daunting task of managing student loan debt. Understanding when to pay student loans, how to develop an effective repayment strategy, and what options are available can make this process...
by Stephanie Nolan | Aug 2, 2024 | Small Business
Starting a business is an exciting journey, but it comes with a host of challenges that can be daunting to tackle alone. To ensure your small business thrives, it’s crucial to surround yourself with the right team of professionals. Knowing who to hire first for your...
by Stephanie Nolan | Jul 24, 2024 | Family, Individual Tax
Navigating the complexities of student loan interest deductions can be challenging, but understanding the basics can significantly ease the process. This comprehensive guide will walk you through how to deduct student loan interest, explain who qualifies, and offer...
