Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. Vikki Velasquez ...

An Albuquerque tax expert explains how classifying your income correctly can lead to significantly lower tax rates. Are you ...

There are many complex and confusing aspects to the qualified opportunity zone (QOZ) program, and the treatment of Section 1231 gain is no exception. Internal Revenue Code Section 1231 applies to ...

We had a reader ask the following question: “I’m thinking about selling a tract of timber on land that was gifted to me 7 years ago. What can I expect the tax consequences to be? I’m a self-employed ...

The final regulations have made it easier for an investor to avoid recognizing gain after holding an OZone investment for at least 10 years. Under prior guidance, an investor with a 10-year holding ...

In order to qualify for opportunity zone tax benefits, an investor must reinvest capital gains into a qualified opportunity zone (QOZ) eligible investment vehicle within 180 days after recognizing the ...

When a corporation sells property, it can decrease the resulting tax burden several ways. Most business property sales can be calculated according to Section 1231, which allows a significant portion ...

The Tax Court decides between 8-15 cases each week. That's over 500 a year. And if we're lucky, maybe twice in a 12-month span does the court decide an issue of "first impression;" one that has never ...

The complex rules applicable to capital gains taxation essentially establish four different types of capital assets. These groups of capital assets are: (1) short-term capital assets, with no special ...

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