Exclusion for Gain on Sale of Primary Residence
In order to exclude the gain on the sale of your primary residence from your taxable income, you must pass two tests: ownership and use. Read the full article to learn more.
Storing Your Tax Records
Once you’ve filed your income tax return, you may be tempted to clean house and get rid of some of your old records that are taking up space. Read this article to help you decide which items can go and which should stay in your files.
Tips for Preparing Business Personal Property Tax Listings
Any individual or business owning or possessing personal property used or connected with a business (or other income generating purpose) must file a business personal property tax listing annually. Learn more.
SafeSend Organizers
With the new year comes the start of a new tax season. As you begin to gather your 2024 personal income tax documents, we want to remind you about our SafeSend Organizer. Click above to learn more.
2024 Year-End Year-Round Tax Planning Guide
Are you confident you are doing everything you can to minimize your income taxes? If not, it may be time for a fresh look. Click above to access the 2024 Year-End/Year-Round Tax Planning Guide.
2023 Year-End Year-Round Tax Planning Guide
Are you confident you are doing everything you can to minimize your income taxes? If not, it may be time for a fresh look. Your tax picture - and the tax law - may change from year to year. Check out the 2023 GBM Year-End Year-Round Tax Planning Guide.
IRS IP PIN
Tax-related identity theft is unfortunately here to stay. Taking proactive steps such as requesting an Identity Protection PIN (IP PIN) from the IRS can help prevent fraudulent tax filings using a taxpayer’s personal information. Find out more.
Tax Breaks for Higher Education Expenses
The American Opportunity Credit and the Lifetime Learning Credit are available to benefit eligible taxpayers. Click here for more details on the federal education credits.
Tips for Preparing Business Personal Property Tax Listings
Any individual or business owning or possessing personal property used or connected with a business (or other income generating purpose) must file a business personal property tax listing annually. Find out tips for preparing your property tax listing.
NC Pass-through Entity Tax and How it Impacts Individual NC Resident Returns
On April 3, 2023, the North Carolina General Assembly passed legislation that enacted changes to the legislation passed in November of 2021 to the pass-through entity tax (PTET) for qualifying partnerships and S-Corporations filing North Carolina income tax returns. Learn more.