We here at Innes & Lotito, P.C. feel that an informed client is our best customer. We know that there is a lot of information on the Internet and it can be tough to determine what is valuable. That is why we have selected the following article(s) for you to view.

Simply click on the title of an article below to view its complete text:

Use the Installment Method to Defer Taxes on Property Sales When at least one payment is received after the tax year in which the sale occurs, you can use the installment method to defer a portion of the income tax due on a gain from the sale of property such as an apartment or office building. Under the installment method, the seller recognizes a portion of each payment as gain when received.

The Basics of Roth IRA Distributions The Roth IRA, named after former Senator William V. Roth, Jr., was first available on January 1, 1998, as a result of the Taxpayer Relief Act of 1997. Contributions to a Roth IRA are nondeductible, but if certain conditions are met, subsequent distributions are tax free.

529 or ESA? Choosing a College Savings Vehicle If you have young children, you probably realize you ought to start saving for their college education. And you should start saving as soon as possible to give that money time to grow.