How Much Does it Cost to Raise a Child? Plenty in Tampa, Florida

How Much Does it Cost to Raise a Child? Plenty

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Back-to-school shopping is just one example of how expensive it can be to raise a child. Today’s youngsters want more than pencils and gym shoes to start the school year. Kids also expect (and often get) cell phones, personal computers and designer jeans. The costs continue...
Buy a Home in St Petersburg Florida

If You’ve Put Your Home on the Market, You Need to Know the Tax Consequences of a Sale

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Summer is a common time to put a home on the market. If you’re among those who are following this trend, it’s important to be aware of the tax consequences. If you’re selling your principal residence, you can exclude up to $250,000 ($500,000 for joint filers) of gain — as long as...
Tax Election on Restricted Stock Awards in Tampa

Consider the Sec. 83(b) Election to Save Tax on Restricted Stock Awards

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Restricted stock is stock that’s granted subject to a substantial risk of forfeiture. Income recognition is normally deferred until the stock is no longer subject to that risk or you sell it. You then pay taxes on the stock’s fair market value at your ordinary-income rate. But...

Welcome to the new MBA Website

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Thank you for visiting McClanathan, Burg & Associates online. We worked hard to redesign and repurpose our website to better server our customers and educate people on the services we provide and the expertise we possess and put to work for our clientele. We’ve added a...