Category: Tax

Maximizing the Value of your Carried Interest

After the passage of the 2017 Tax Cuts and Jobs Act (ACT), many people are wondering how to maximize the value of their carried interest. There are some changes in the ACT that might affect how you proceed when selling

What’s the Difference Between Avoidance and Evasion?

I love paying taxes, said no one ever.  The truth is given a choice everyone would most likely keep their hard earned money rather than give it to the government.  Unfortunately, taxes are a part of life and almost no

Tagged with: , ,

Look Who the IRS Is Adding to its Staff

For those who believe in giving people a second chance this will be good news. For those who feel the IRS is already rife with crooked employees that will stop at nothing to take more of taxpayers’ money, this news

Tagged with: , ,

IRS Hitting Estimated Tax Filers With More Penalties

The IRS plays no favorites when it comes to taxpayers missing payments or not paying enough. However, those who pay their income tax via quarterly estimated payments had better pay particular attention because lately the IRS has been coming down

Tagged with: , ,

The Fight for Tax Reform Will Be Long and Arduous

Is it starting to feel like the process to simply put up a new stop sign in the Nation’s Capitol would take an act of Congress? These days nothing is simple in Washington and when it comes to tax reform

Tagged with: , ,

How Will the New President Change Taxes for the Wealthy?

So which side are you on? Trump, Cruz, Clinton, Sanders, a write-in candidate, or are you still hoping for an optional third-party independent candidate? The fact is, when it comes to taxes, no matter which candidate you vote for, things

Tagged with: , , , ,

Why Is Almost Half the Country Paying no Federal Income Tax?

One of the biggest tax debates that will likely always exist is whether or not the nation’s wealthy are paying enough in taxes? It’s easy for some to argue that they don’t but there are many factors that must be

Tagged with: ,

First Half of Current Fiscal Year a Record-Breaker for U.S. Treasury

It’s been another record year for the federal government so far, which is in the midst of its current fiscal year. At the end of March, when the government reached its halfway point of the 2016 fiscal year, it had

Tagged with: ,

Should the IRS File Your Taxes for You?

Imagine a world where you didn’t have to file your own taxes. Of course, you can use an experienced and professional tax and accounting firm like GROCO to do your taxes for you, but what if you didn’t even have

Tagged with: ,

Where Is Your Paycheck Going?

While many of the nation’s high net-worth individuals make much of their income through capital gains, those who still collect a paycheck are doling out of cash to the IRS every time they get paid. The same is true for

Tagged with: ,
Top