Tax Management

Schoonover Boyer staff members take an active approach to tax management so clients can anticipate and adjust to the ever-changing landscape of tax regulations. Expert teams are assembled to provide the right combination of skills to address every aspect of the tax minimization process.

(Actual excerpt from IRS pronouncement) Rev. Rul. 2001-57 If an individual elects under Sec. 311(e) of the Taxpayer Relief Act of 1997, to treat the individual's principle residence as being both sold and reacquired on January 1, 2001, for an amount equal to its fair market value on that date ("Sec. 311(e) election"), the individual cannot exclude from gross income under Sec. 121 of the Code any of the gain from the deemed sale.

A clear benefit of working with our firm is eliminating the amount of time and effort you must invest to understand the above IRS statement and those like it. It's one more way our job simplifies yours.