Rivas Accounting Solutions Christina Rivas, EA

08/11/2023

The potential merger of the PGA and LIV is one of the biggest sports stories in years. We've got you covered when it comes to the possible tax implications.

The potential merger of the PGA and LIV is one of the biggest sports stories in years. Find everything you need to know about possible tax implications here.

08/11/2023

Rivas Accounting - Some Friday tax knowledge for our friends and colleagues.

08/10/2023

When you are starting a business there are several possible business entity types that need be considered to make sure you get started off on the right foot and avoid costly mistakes that must be corrected later or those that must be changed later to maximize tax benefits.

When you are starting a business there are several possible business entity types that need be considered to make sure you get started off on the right foot and avoid costly mistakes that must be corrected later or those that must be changed later to maximize tax benefits. One also needs to be conce...

08/09/2023

Here is some midweek Wednesday Wisdom inspiration from your friends at Rivas Accounting

08/08/2023

Many provisions in the SECURE 2.0 Act that Congress passed late in 2022 were designed to encourage individuals to save more for their retirement and could impact your retirement plan strategy.

In 2019 Congress passed legislation named the Setting Every Community Up for Retirement Enhancement Act – shortened to the SECURE Act – that included a number of retirement plan changes and enhancements. In late December, 2022, the SECURE 2.0 Act was passed and signed by President Biden. Many of...

08/07/2023

Rivas Accounting - Some Monday Motivation for our friends and colleagues.

08/07/2023

Grandparents rearing grandchildren may qualify for a variety of tax breaks. Watch this video to learn about these tax opportunities.

08/05/2023

Here is a fun fact for your Saturday from Rivas Accounting.

08/04/2023

Your Friday tax fact from Rancho Cucamonga based Rivas Accounting.

08/03/2023

The recipient of inherited property generally pays no tax when the property is received. However, tax may be owed when the property is subsequently sold. Gain from the sale of inherited property is measured according to the value of the property at the date of the decedent's death. In some cases, the computation will result in a loss, particularly when dealing with real property on which large selling expenses are paid. In some circumstances, these losses may even be deductible.

If you are the recent beneficiary of an inheritance, you may be wondering if you will need to pay tax on the cash, stocks or real property that you received.