WHAT HAS CHANGED: IRS ENHANCED REPORTING REQUIREMENTS AND AUDITING ... Politically, Congress is unwilling or unable to significantly increase tax revenues for the past 10 years. As a result, the IRS has devised a series of strategies designed to raise $300 billion in tax revenues from ... [ more ]

CMAES as a tax deferred IRA for your Business Assets The dilemma that every business owner faces is how to maximize their profits of their business and minimize their taxes. Individual Retirement Accounts and retirement plans are an excellent example of the power of compound investm... [ more ]

Expanding Equipment Options with CMAES: A Short Guide to operate Efficiently With scarce credit and uneven economic recovery, capital equipment users need to revisit whether their prior equipment acquisition model continues to make sense for their business. Short term rentals. The benefi... [ more ]

How to Increase Returns on the Sale of Businesses by 33% The dilemma that faces every business owner is how to maximize the value of their business. Optimally, a business owner would like to be able to sell and/ or retire comfortably. For a lucky few, the after-tax return is more than... [ more ]

HOW TO QUALIFY A TRADE AS A 1031 EXCHANGE ... When Section 1031 came into the tax code in 1921, all exchanges were required to be structured as simultaneous trades. However, in the past 35 years, many new types of exchanges have been created. ... Many companies believe they are corre... [ more ]

Ralph E. Crandall, Jr., et al. v. Commissioner, TC Summary Opinion 2011-14 Opinion by Judge PANUTHOS 2/15/2011 ... Summary: Failure to adhere to the technical requirements of Section 1031, including failure to use a Qualified Escrow Account, failure to properly document the transa... [ more ]

USE 1031 EXCHANGES TO INCREASE DEPRECIATION DEDUCTIONS Both 1031 exchanges and depreciation reduce taxable income. This reduction is like an interest free loan of sorts from the government to the taxpayer. However, what one hand gives the other takes away. Depreciation deductions are subject t... [ more ]

Roll Back Fleet Costs 10 years with CMAES...... Sometimes when we are in the hurry to get going, we overlook the obvious. ... ... When businesses buy and sell capital equipment, sometimes an obvious step in the process is overlooked. The sale of business assets results in taxab... [ more ]