When kicking off the new-year, I always take inventory of my assets and liabilities, checking them against my records from the previous year. This is my way of keeping financial score. When I was in college back in the 1980s, I had a business professor who, in...
Section 1031 Exchanges, also known as like-kind exchanges, are often used to postpone gain on the sale of property by buying like-kind replacement property. To avoid gain, or boot, the replacement property must be equal to or of greater value and purchased within a...
By Jeremy Crow, WCM Audit Manager In this article I will discuss the privilege we have as business leaders to build a legacy for future generations. There are three elements to building a legacy that are important to remember. #1 – What are you building? I think most...
By Kelly Compton, Chief Investment Officer – WCM Wealth If you recall, last month I briefly touched on final arrangements and hit the treetops on pre-death planning. This month I want to go back to my story of helping folks post-funeral. After my nephew passed, in the...
Death – no one wants to think about it and certainly, no one wants to talk about it; yet, it’s the one inevitable experience all humans have in common, after birth. With the recent passing of two very close clients and the unexpected passing of two family members, I...
Each year, the IRS sends out millions of notices to taxpayers. Some are informational only; others require a response. Not every letter means an audit and, in some cases, the notice you received could have been sent in error. In part because of staffing issues, the...
