A Berdon Blog

What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the sale of business property. To simplify […]

After your 2021 tax return has been successfully filed with the IRS, there may still be some issues to bear in mind. Here are three considerations: 1. You can throw […]

This is a practical guide to navigating the main concepts associated with the pass-through entity (PTE) taxes for New York, New Jersey, and Connecticut. First, we cover some of the […]

If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you should carefully record your expenses […]

If you’re in the business of cryptocurrency or are thinking about joining the ever-growing number of people who are, odds are you’re hearing the terms “centralized” and “decentralized” quite a […]

Use a Secure Portal When sending information to your tax professional team, electronic portals provide a quick and easy way to send information. In addition, this method is far more […]

The Internal Revenue Code (IRC) provides a credit for ‘certain research expenses’ (QREs), the intention of which is to spur domestic technological development. The determination of qualifying expenses, and calculation […]

As we approach the holidays, many people plan to donate to their favorite charities or give money or assets to their loved ones. Here are the basic tax rules involved […]

If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ready to deal with the tax consequences of your good fortune. Winnings […]