A lot can happen in a year. Clients are faced with decisions throughout the year that can have substantial income tax ramifications. Always consult your CPA when you are considering selling, buying, and leasing property. Be sure you understand the tax effect of decisions you make. Don’t wait until the end of the year to be unpleasantly surprised that a transaction resulted in a tax liability you were not expecting. At Baldwin, we want to be involved in our client’s business decisions and we are available all year to discuss these matters with you.
/posted by Robert C. Abner, CPA