Ransomware

Ransomware has become the most common type of malicious software. it works by infiltrating computers and locks them down until a ransom is paid. The frequency, severity and sophistication of ransomware attacks in the U.S. skyrocketed in 2021. There were about 420...

Resurrection or new company

We had a client last tax season that had a problem and they insisted that needed fixing. They had a company that they stopped paying for the annual report on a couple years before.  So the state involuntarily dissolved the corporation. They could reopen the...

Multiple brokerage firms

This year I have noticed that more and more clients have holdings at multiple brokerage firms.  Typically, you can squeeze a better deal on costs and fees, if one hold most or all of your assets. I asked one gentleman why?  He explained that while he makes most of his...

Fully depreciated property

I have and am now working with a new client that have sold three properties that have been nearly fully depreciated.  Two were sold in 2021 and one in 2022. They were unaware of the fact that you have to recapture the depreciation that they have been enjoying for...

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