Installment sale to relative is allowed

  • October 31, 2005

Q: I own real estate that I plan to sell to my son through an installment sale. My CPA says this can't be done because we're related parties. Is this true? D.R.T., St....

Don’t get too close to your vendors

  • October 01, 2005

Close relationships between your organization and its vendors or partners probably are thought of as a good thing. But here are a couple of pitfalls you should know...

401(k) rollovers: not always automatic

  • May 30, 2005

Q: My daughter is switching jobs in a few weeks. She's accumulated about $20,000 in her 401(k) plan. Does her employer have to automatically roll the money into a Roth...

Calculating late charges in Excel

  • January 07, 2005

Question: “We have several rental properties, and I track payments, late charges, customer information, etc., on an Excel spreadsheet. Included on the...

How average are your Schedule C write-offs?

  • April 19, 2004

You never want your tax return to stick out like a sore thumb at the IRS. That's why it's good to know whether your deductions fall within the national averages.

Can S corp owners use the per-diem method?

  • February 09, 2004

Q: In a recent item in your newsletter, you said that sole proprietors, partners and LLC members can use the per-diem method for reimbursing meals and incidental...

Tax basis on Prudential stock giveaway

  • January 26, 2004

Q: I received shares of Prudential stock a few years ago because I had converted a group policy to a personal policy. If I sell the shares now, do I have to pay tax on...