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Tag: basis

Tax considerations when adding a new partner at your business

April 21, 2022 Lyuda Eisenman Tax Bites basis, partnership, tax planning

If you’re looking for a new partner to add to your partnership, you may think the hard part is over once you find the right person. But there may be tax challenges ahead.

There’s currently a “stepped-up basis” if you inherit property — but will it last?

July 20, 2021 July 21, 2021 Tax Department Estates & Trusts, Tax Bites basis, charitable giving, estate planning, gifting, inherited property, property inheritance, tax planning

Have you inherited assets or are you planning your estate? If so, it’s crucial to understand the current “step-up” basis rules and why they might change.

Home sales: How to determine your “basis”

April 14, 2021 April 15, 2021 Tax Department Real Estate, Tax Bites basis, home sales, home sales tax, tax savings

When you sell your home, you’ll pay tax (or avoid it) based on the “basis” of the property. Here’s how to determine yours.

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Accountants | Auditors | Advisors | Consultants | CPAs :: BeachFleischman PLLC is one of the largest locally-owned public accounting and consulting firms in Southern Arizona and a Top 200 CPA firm in the United States. Serving clients in Phoenix, Tucson, Mesa, Scottsdale, Tempe, Gilbert, Glendale, Flagstaff, and Chandler, BeachFleischman provides accounting, audit, consulting, and tax services to businesses, organizations, and individuals (U.S. and foreign-based), doing business domestically and internationally. The BeachFleischman logo, BEACHFLEISCHMAN, and COLLABORATE FORWARD are all registered U.S. trademarks of BeachFleischman PLLC. ©2022 BeachFleischman PLLC. All rights reserved.