Ong & Company Blog

Exchange Properties to Defer Tax on Gain

Richard Ong / January 29, 2017 /

Tax Planning

If you own real estate that has appreciated in value, you may owe a sizeable capital gains tax when you sell. But tax law provides a way to postpone the tax. Here's how: Instead of a sale, you can ...

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Avoid IRS Backup Withholding

Richard Ong / January 21, 2017 /

If you took on a freelance gig, or opened a financial account that will pay interest, you most likely filled out IRS Form W-9. The form asks for your taxpayer identification number, and includes a ...

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U.S. Tax Court Nixes Popular Tax Break for Financial Professionals

Richard Ong / January 18, 2017 /

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Dependency Exemptions for Recent College Grads

Richard Ong / January 13, 2017 /

Tax Planning

Do you have a recent college graduate in the family, or will your child be graduating this year? If so, this might the last chance you have to claim a dependency exemption on your federal income tax ...

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Protect Yourself from Payroll Tax Penalties

Nick Ong / January 06, 2017 /

Payroll

As an employer, you're responsible for collecting payroll taxes from employee wages and depositing the taxes with the IRS. The IRS takes these rules very seriously – so seriously that if your ...

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Client Spotlight: Aeromotive

Nick Ong / January 04, 2017 /

Client Spotlight

On December 8th, Aeromotive officially announced a partnership with Waterman Racing Components that will combine the R&D and design expertise of the two powerhouses in the serious fuel systems ...

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