Tax Consequences of a Short Sale of Your Principal Residence

The real estate boom appears to be over for now. Morgan Stanley predicts that house prices could fall by 10 percent by the end of 2024, or perhaps twice as much in a worst-case scenario. Those who purchased their homes at the top of the market could be in trouble, especially if the U.S. falls into a recession. It is true, homeowners donʼt want to go through a foreclosure and the resulting destruction of their credit rating. Fortunately, there is an alternative for homeowners having trouble making their mortgage payments: a short sale. Short sales avoid foreclosure, but they can result in tax liabilities. What Is a Short Sale? A ...

Thinking of Moving to a Lower-Tax State? Tax Angles to Consider

Parts of this article are published with permission from Bradford Tax Institute, © 2021 Daniel Morris, Morris + D’Angelo If you’re considering moving to a different state, taxes in the new state may be the deciding factor—especially if you expect them to be lower. This article identiﬁes the relevant state-tax issues for folks who are thinking about moving to a lower-tax state. Here’s what you need to know. Consider All Applicable State and Local Taxes If your objective is to move to a lower-tax state, it may seem like a no-brainer to move to one that has no personal income tax. But that’s not a no-brainer! You must ...

Happy New Year! Morris + D’Angelo Celebrating 25-Years and a New Decade Providing High-Level Financial Services Preserving Multi-Generational Family Wealth

Morris + D’Angelo provides assistance for people who are considering global expansion, most commonly into the United States. Morris + D’Angelo is a boutique cross-border Financial Services firm that specializes and serves Multi-Generational Family-Based enterprises and their owners. Daniel Morris leads the firm’s Business Structuring, Taxation Strategies, and Related Services Currently celebrating our 25th anniversary, Morris + D’Angelo has been providing high-level Financial Services for both families and entrepreneurs to determine how and where they should operate, expand, consolidate and associate their earnings; this includes their ...

Regulating Gender Stereotypes

The other day I read this headline from the New York Times; “U.K. Bans Advertisements Depicting Gender Stereotypes” and just like that, I became a victim of today’s Modern Headlines. At first blink I found this statement to be intriguing in its meaning. I am unclear about my opinion at this moment as to the long-term value of this regulatory action. I also understand that overt “harmful” stereotyping could lead to more unwanted behavior and too frequently has the “real” effect of limiting “those” people’s opportunities. So, what actual role do advertising and marketing have in this conversation? I don’t know. Will the ...

Start Ups: The Start-Up is an Attitude, Not an Age

Why is Your New Business is a Start-Up and My Old Business Not We all know young individuals who impress us as adolescents or pre-adolescents with how they behave and we also know some who are past 30-years of age who should know better and behave like infants and toddlers. Start-Ups and Attitude; Think Like a Founder A Start-Up is: 1 - Passionate 2 - Thinks and Serves Beyond Status Quo 3 - Modify the existing (traditional) Business Model associated with the enterprise that it serves Part One: Passion What are you doing about Changing and Evolving the DNA (existing industry norms) in your Business World ? They say love conquers all, but ...

What’s Ahead for Another Great Year

Morris+D'Angelo : The Future of Our Accounting First, Thank You to all of those who we collaborate with, work for and provide financial services to; and, to those who I’ve met on my many travels and speaking engagements “Here-and-There” around-the-world throughout the year. Preparing: Tomorrow’s Competitor is Invisible to Us Today 2017 is going to be another exciting year as we define and develop new client services to serve you better. You see, we’ve stayed in touch with our Customers (you); we listened, so we know and realize that we have to evolve to stay relevant and provide the Services you need toward your financial success-goals ...

We Have a NEW Office in Portland, Oregon

Introducing our new Portland, Oregon Office, and Tax Professional Brian Dazey. We are happy to announce the opening of our New Office in Portland, Oregon and introduce our first Portland team member, Brian Dazey. Brian helps businesses and individuals keep more of what they make. Brian, a lifelong friend of founder, Daniel Morris, has over the years of collaborating and working together on all types of adventures, have decided to consolidate their vision and move toward a new presence in Portland, Oregon to serve those closest to them at home. As an Eagle Scout in his youth, Brian learned "The" valuable lessons that ...