Will I Have to Pay Tax on an Inheritance

If you’ve received an inheritance, whether it’s property, money, or investments, your first question or concern is probably related to taxes and whether you’ll end up owing the government after the loss of a loved one. The good news is that most people don’t need to worry about inheritance and estate taxes, but there are […]

Can You Deduct Tax Preparation Fees?

With April 15th rapidly approaching, you’re probably gathering receipts and records and debating how your taxes will get done. You could go the DIY route with tax preparation software or take the less stressful route and work with a CPA firm in Raleigh. No matter which option you choose, you may be able to deduct […]

Steward Ingram & Cooper Announce New Durham Location

We are excited to announce that, effective January 1st, we have expanded into Durham by joining forces with Minor Anglin & Associates, P.A. Conveniently located between Durham and Chapel Hill, the location’s objective is to provide high-quality service to our clients in the Durham area. We are proud to have Dan Minor, Kim Anglin and […]

Do I Have to Pay Taxes on Stocks?

You know that any income you earn, whether it’s from a job, rental property, or business venture, is taxed by the IRS, but what about stocks and bonds? While any profit you make from stocks is taxed, it’s somewhat different than earned income. To help you understand capital gains and dividends, our CPAs in Raleigh […]

4 Advantages to Creating a Trust

Trusts may seem like some vague financial dealing reserved for the extremely wealthy, but that’s actually not the case. Trusts can be a financially advantageous part of your estate planning to ensure your assets and property are divided how you see fit. To help provide clarity on this complex financial matter, our CPAs are sharing […]

Understanding Deductible Expenses After PPP Loan Forgiveness

If you received a forgiven loan as part of the Paycheck Protection Program (PPP), it’s important to understand how this may affect your 2020 taxes, particularly your deductions. The IRS recently released Revenue Ruling (Rev. Rul.) 2021-02 which obsoletes Notice 2020-32 and Revenue Ruling 2020-27, and our small business CPAs are outlining what this rule […]