Nels Larsen, CPA, CMA, CFM
How to Section 1031 Exchange into a Delaware Statutory Trust
As you likely know, the Section 1031 tax-deferred like-kind exchange is one of the greatest wealth-building mechanisms for real estate...
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VIDEOS & POSTS
Nels Larsen, CPA, CMA, CFM
- Jan 11
- 2 min
When Cancellation of Debt (COD) Income Can Be Tax-Free
When we see negative impacts on the economy we often see an increase in individual's debts piling up beyond a borrower’s ability to...
Nels Larsen, CPA, CMA, CFM
- Jan 9
- 2 min
It's Not Too Late to Make IRA & HSA Contributions for the 2022 Tax Year
Want an after the fact tax deduction you can take for 2022 in 2023? Contribute to your IRA or HSA! Here are some things to keep in mind:...
Nels Larsen, CPA, CMA, CFM
- Jan 3
- 3 min
Why Everyone Who Qualifies Should Have a Health Savings Account
As a small business owner, you know how important it is to save money whenever possible. One great way to do this is by taking advantage...
Nels Larsen, CPA, CMA, CFM
- Dec 29, 2022
- 3 min
What All Real Estate Investors Need to Know About 1031 Exchanges
1031 Like-Kind Exchanges for Real Estate Investors If you're a real estate investor, you've probably heard of 1031 like-kind exchanges....
Nels Larsen, CPA, CMA, CFM
- Dec 16, 2022
- 2 min
A Beefed Up IRS?
12/16/2022 You may have noticed that the IRS is in a bad way. It has a backlog of millions of unprocessed paper tax returns, and...
Nels Larsen, CPA, CMA, CFM
- Aug 17, 2022
- 2 min
More on the increase in IRS Funding
Yellen tells IRS to develop modernization plan in 6 months By The Associated Press Published: Aug. 17, 2022 at 10:53 AM CDT|Updated: 5...
Nels Larsen, CPA, CMA, CFM
- Aug 12, 2022
- 5 min
The IRS is Going to Get More Money- this article does a nice job detailing how they may use it
The IRS is set to get billions for audit enforcement. Here’s what it means for taxpayers By Katie Lobosco, CNN Updated 2:53 PM EDT, Thu...
Nels Larsen, CPA, CMA, CFM
- Aug 4, 2022
- 4 min
Avoid the Self-Rental Trap
Let's say you own a building. Now, let's say that you rent this building to your business. With no tax planning, you have a self-rental,...
Nels Larsen, CPA, CMA, CFM
- Jul 30, 2022
- 2 min
Bonus Depreciation is Phasing Out!
Just a short article to remind readers that while it seems like we have had 100% bonus depreciation for a while, this year (2022) is the...
Nels Larsen, CPA, CMA, CFM
- Apr 17, 2020
- 4 min
Covid-19 Financial Update
The coronavirus pandemic has caused an extraordinary situation that is impacting not only our daily lives but our businesses and...
Nels Larsen, CPA, CMA, CFM
- Jul 12, 2017
- 3 min
What is a good retirement plan?
Business owners ask me all the time about setting up a retirement plan for their small business. Making sure there is a nest egg in...
Nels Larsen, CPA, CMA, CFM
- May 17, 2017
- 2 min
President Trump’s Tax Proposal
I have been asked several times recently what I think about the President’s tax reform proposal. There wasn’t a lot of meat in the one...
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