At Wiebe Hinton Hambalek, we are keenly aware of the potential impact of the Coronavirus (COVID-19). We have already taken steps to provide for the continuity of our client services and the safety of our employees and clients as we navigate through the uncertainty of the outbreak. Visit our pandemic resource center where we will…
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Do you know if your worker is technically an employee or an independent contractor? The line can be blurry. The IRS provides guidelines to help you figure it out, but sometimes it’s not enough. The choice you make will have a significant impact on your staff and your taxes. It’s important that you’re accurate. Consider…
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If you think you might be inheriting property in the future, you need to consider the tax implications. The tax implications could be very different depending on whether you choose to receive it as a gift or inheritance. You should consider the inheritance taxes and gift taxes before transferring property. Inheriting property In most cases,…
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The federal government spending package titled the Further Consolidated Appropriations Act, 2020, does more than just fund the government. It extends certain income tax provisions that had already expired or that were due to expire at the end of 2019. The agreement on the spending package also includes the Setting Every Community Up for Retirement…
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You might not know that in addition to the typical investments in stocks, bonds, and mutual funds, you’re allowed to hold almost any type of asset in your retirement account (with the exception of collectibles, precious metals, and life insurance.) Holding real estate in IRAs is a great option for many investors. Tax Benefits To…
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My kids are college age and finding affordable, safe housing for them is a top concern. I have a couple of friends who’ve opted to purchase property by their child’s campus for them to live in through their college careers. I did a little research to find out if it would be a viable option…
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