Taxpayers should consider using their 2021 gift and estate tax exemption before new legislation passes. The so-called “blue wave” essentially assures that taxes will go up.
If you have been thinking about selling, the current climate, despite Covid, remains one of the best climates in recent history to maximize the value you have built through a sale.
If you are confused about what the ASC 805 valuation means for you and your purchases, it is time to stop worrying. Here are straightforward answers to the most common queries about it.