Capital Gain

Planning for Taxable Gains and Losses

July 9th, 2024|Categories: Accountant, Burns Firm, Capital Gain, Capital Gains Tax, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Ordinary Gain, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Taxable Gains and Losses, Texas CPA, The Burns Firm|Tags: Categories of Gains and Losses, CPA, cpa near me, Dallas CPA, Gains and Losses, How to Classify Business Real Estate, tax, tax advisor, Tax Rate Differential on Gains, Taxable Gains and Losses, Texas CPA, The Burns Firm|

What's the difference between capital gains and losses and ordinary gains and losses? The classification will have a major impact on your federal income tax obligations when you sell assets, such as investments, real [...]

Installment Sales Can Be a Win-Win for Buyers and Sellers

March 21st, 2024|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, Buying a Business, Capital Gain, Capital Gains Tax, CPA, CPA Dallas, CPA near me, Dallas CPA, Installment Sale, M&A, Merger & Acquisition, Sell Business, Selling a Business, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Basis, Tax Planning, The Burns Firm|Tags: Acquisition, Buyer side, CPA Dallas, cpa near me, Installment Sale, Installment Sale Gains, M&A, M&A CPA, Selling of Business, tax advisor, The Burns Firm, The Burns Firm M&A Advisors|

For federal income tax purposes, an installment sale is when at least one payment of proceeds from an eligible sale is deferred until after the end of the tax year [...]