IRS’ Newest Addition to the Dirty Dozen List
Employee Retention Credit (ERC) related scams are on the rise Every year, the Internal Revenue Service (IRS) releases their infamous Dirty Dozen list. A coveted record of both old and…
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Phase-Out Bonus Depreciation: What you Need to Know
The tax code is regularly changing with the passing of every year, and it can be time consuming to keep track of all the changes to the fine print. One…
How to Qualify as a Real Estate Professional and Receive the Tax Benefits
Becoming a real estate professional creates many loopholes within the tax codes that are applicable to properties and the income generated from them. While there are not many requirements to…
Year-End Tax Planning Tips 2022
With the tax season upon us, The Hechtman Group would like to remind you of some important tax opportunities for 2022 which may impact your return. There have not been…
Tax Incentives and Drawbacks of an S Corporation
When creating or expanding a business, there are many moving pieces to keep in mind when it comes to reporting income to the Internal Revenue Service (IRS). Even more intimidating…
Understanding the 1031 Exchange for Real Estate Investors
The tax break brought on by 1031 exchanges are a helpful tool for both new and experienced real estate investors looking to expand the size as well as number of…