By Kenneth H. Bridges, CPA, PFS January 2013
While most of you were hopefully enjoying a New Year’s Eve party or watching the Chick-Fil-A Bowl or the Ryan Seacrest/Jenny McCarthy special, I was fixated on C-SPAN, anxiously watching to see …
By Kenneth H. Bridges, CPA, PFS June 2012
In late March of this year, the Georgia General Assembly passed legislation which replaced the annual “car tag tax” and sales tax on purchase of vehicles with a new title tax, increased …
By Kenneth H. Bridges, CPA, PFS June 2012
Owners of potentially depreciable real estate properties often attempt to segregate the property into components other than land and structure in order to accelerate their tax deductions for depreciation. Land itself is …
By Kenneth H. Bridges, CPA, PFS June 2012
For entrepreneurs looking to sell their business, a “strategic buyer” (e.g. larger company in the same industry) is usually the best buyer. However, for companies for which there is not a strategic …
By Kenneth H. Bridges, CPA, PFS March 2012
Over the years, the U.S. has offered a number of tax incentives for exporters. Some of these (e.g. the foreign sales corporation and extra-territorial income exclusion) have been repealed after being found …
By Kenneth H. Bridges, CPA, PFS March 2012
The Internal Revenue Code provides a variety of tax benefits for higher education expenses. Unfortunately, most of these are phased out for higher income taxpayers, making them unavailable for most of our …
By Kenneth H. Bridges, CPA, PFS March 2012
Partnerships, LLCs, S-corps and trusts are required to distribute annual K-1s to their partners, members, shareholders and beneficiaries, respectively, reflecting their respective share of the taxable income or loss and other tax-related …
By Kenneth H. Bridges, CPA, PFS March 2012
For those with sizable estates who are concerned about the potential for estate tax, 2012 may be the year to consider making a significant transfer of wealth to your heirs.
For 2012, …
By Kenneth H. Bridges, CPA, PFS August 2011
When discussing tax planning with our clients, we often use the terms “marginal tax rate” and “effective tax rate”. Marginal tax rate generally refers to the rate of tax to be incurred …
By Kenneth H. Bridges, CPA, PFS August 2011
In 1986, concerned with the erosion of the tax base from the proliferation of tax shelters, Congress enacted the “passive loss rules” which provide, in general, that the losses from rental activities …