Barry Warner

Internal Revenue Code §1031, Exchange of property held for Productive use or investment, was enacted in 1921.

Many employed individuals participate in a defined contribution plan sponsored by their employer, or they have an IRA, and chances are money is invested in mutual funds within those plans.

You have your business tax return in hand ready to sign when you notice the note on the form next to the sign here line: “Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct,…

Hopefully you have prepared a model that calculates what your annual retirement contributions and other savings and investments will accumulate to by your planned retirement date. If you haven’t, in the previous edition a model for long term planning, projecting and monitoring asset accumulation was addressed. One such model may be downloaded from Alegriacpas.com.

Financial planners say it is never too late to start saving for retirement; it is also never too early to start saving.

Experts in financial fraud have identified the profile of a financial fraud victim: Male, age 55-62, married, an accredited investor (meaning they have wealth over $1 million excluding residence and mortgage and/or annual income over $200,000 individually or $300,000 including spouse in each of the last two years), have an above average understanding of financial…

College tuition payments, interest income from U.S. savings bonds and health care expenditures from qualifying plans can all cause income tax reporting errors that cost you money.