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Business Tax Tips

Understanding Taxes on Real Estate Gains

Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect ownership of real estate via a pass-through entity such as an LLC, partnership or S corporation. You may expect to pay Uncle Sam the standard 15% or 20% […]

Closing a business involves a number of tax responsibilities

While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close their doors. If this is your situation, we can help you, including taking care of various tax responsibilities. To start with, a business must file a final federal income tax […]

Be aware of the tax consequences of selling business property

Looking for some guidance when it comes to dealing with real estate transactions! Our team at Encore Partners, LLP has over 40 combined years of expertise and experience in complex real estate transactions consistently providing guidance to our clients on the best strategies possible to optimize their portfolios. With our robust tax knowledge and understanding, […]