June, 2026 - Business Management Company

When the Sale of an Appreciated Home Triggers Taxes — and When It Doesn’t

June 25, 2026 / by Brett Hess / Tax

Home values have risen significantly in many areas of the country over the last several years, leaving some homeowners with substantial gains when they sell. Of course a large profit is generally a good thing. But, depending on the amount of your gain, how long you’ve owned and resided in the home, and your income […]

Demystifying Like-Kind Exchanges

June 17, 2026 / by Brett Hess / Uncategorized

If you’re a real estate developer or a small business owner who owns commercial real estate, you might be thinking about selling a property. If it has appreciated significantly, a Section 1031 like-kind exchange may allow you to defer tax on some or all of the gain. With this transaction, you exchange one property for […]

Important Tax Notice: You May Be Entitled to a Refund of COVID-Era Penalties & Interest

June 12, 2026 / by Brett Hess / Deadlines, Tax

Dear Client, We want to make you aware of an important recent court ruling that may benefit you. In Kwong v. United States, the U.S. Court of Federal Claims ruled that certain tax penalties and interest charged between January 20, 2020, and July 10, 2023, were improperly assessed under federal law. This covers tax filings […]

The “Kiddie Tax” Can Apply Long After Childhood

June 10, 2026 / by Brett Hess / Tax

Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also can apply to full-time students through age 23 and 18-year-olds even if they aren’t full-time students. When it applies, most of the child’s unearned income may be taxed at the parent’s higher tax rate. The […]