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Tax Tips
- Tax Plan: Buy $500,000 of Goods on December 20 and Expense Them
- S Corp. Owners: Don’t Lose 2026 Dental, Vision, Medicare Breaks
- Protect Your Home-Office Deduction from Spouse, Second Business
- Defer Capital Gains for Decades: Sell Now, Pay the IRS Later
- ERC Refund in 2026: One Great Way to Handle It
- The 2026 Section 199A Calculation
- 2026 Health Insurance for S Corporation Owners
- Turn Suspended Passive Losses into Tax Deductions
- Pathway to Deducting Non-Cash Gifts over $5,000
- Define, Deduct, and Benefit from Unreimbursed Partner Expenses
- You May Be Owed an IRS Refund—Action Needed by July 10
- Augusta Rule Home Rentals to Your Corporation or Partnership
- One-Time Pay: 1099, Kiddie Tax, IRA
- Breakroom Coffee Not Deductible
- The Augusta Rule Turns Home Rental into Tax-Free Income
- Make Charitable Gifts Business Write-offs
- Don’t Make This Costly Portability Election Mistake
- Health Savings Accounts After Death
- A Little-Known Way to Pay Family and Save on Taxes
- How One-Owner Businesses Win with the New 50% Childcare Credit
- How a $7,970 Tax Case Cost the IRS an Extra $34,081
- SE Rules for Converting a Business Vehicle to Personal Use
- IRS Trap Wipes Out Goodwill Clothing Deductions
- This One Mistake Can Make Your QCD Fully Taxable
- OBBBA Supercharges the Employer Childcare Credit for 2026
- Must a Husband-and-Wife LLC File a Partnership Return?
- New USPS Postmark Rules Set an Ugly Trap for Taxpayers
- Commissions Assigned as S Corporation Management Fees, Exposed
- Avoid This Hidden Tax Trap in Vehicles with Mileage Reimbursements
- Deducting Work Clothing
- Should You Skip Home Office Depreciation to Dodge Recapture?
- IRS Moves Toward All Electronic Refunds: What You Need to Know
- The Hidden Benefits of Filing a Gift Tax Return
- Do Pass-Through Entity Taxes Still Pay Off after OBBBA?
- Only Seven Months Left to Secure Your EV Charger Credit
- Form 1099-DA Is Here—How It Will Impact Your Crypto Taxes
- 2025 Year-End Tax Planning Guide
- Selling a Term Life Insurance Policy Creates Thorny Tax Issues
- OBBBA’s Secret Gift: Bigger Tax Breaks for QCDs from Your IRA
- OBBBA Revives Your Ability to Kill Capital Gains with QOFs
- Learn How to Beat 2025 Estimated Tax Penalties Instantly
- OBBBA Enhances Tax Breaks for Qualified Small Business Stock
- OBBBA: New Overtime Pay Deduction
- OBBBA Gamblers Taxed on Fictional Income
- OBBBA: How You Can Win With Itemized Deductions
- OBBBA Restores and Creates New 100 Percent Deductions for You Now
- New Tax Legislation Affecting Businesses
- New Tax Legislation Affecting Individuals
- Do You Have to Die to Collect Life Insurance?
- Should Landlords File Form 1099-NEC?
- Personal Vehicle for Business Can Produce a Big Surprise Deduction
- Turn Your Corporate Vehicle into a Tax-Smart Asset
- $150,000 Self-Employed Retirement Plan Penalty
- Can I Deduct a Scam Loss?
- Avoid Unwanted Partnership Tax Status: Elect Out
- How To Protect Your Deductions
- IRS Makes It Harder to Use the Section 530 Safe Harbor
- Backdoor Roth IRA Conversions: Smart Move or Hidden Tax Trap?
- Beat the Estimated Tax Penalty with Strategic Withholding
- Tax Code–Defined Statutory Employees Are Hybrid Self-Employed
- Alert: California, Illinois, and New York Laws Require Written Freelance Agreements
- The Right Way to Ask Your C or S Corporation for Travel Reimbursements
- The Best Retirement Plans to Reduce Your 2024 Tax Bill
- IRS Incorrectly Disallows $120,000 Tesla Model X Tax Write-Off
- Deducting Disaster Losses for Individuals – Navigating the Rules
- Get Partner-Paid Expenses Right: Don’t Cheat Yourself
- How to Correctly Pay Yourself and Take Cash from Your Business
- Heavy Vehicle Deduction + Deductible Home Office = Major Tax Savings
- Beware of UBIT in Your IRA—It Causes Double Taxes
- Almost the Last Chance to Claim the 2021 Employee Retention Credit!
- Tax-Free Home Sale: When and Why You Need to Report to the IRS
- Missed an Estimated Tax Payment—Now What?
- Can Real Estate Professional Status Free Up Old Passive Losses?
- File Your FinCEN BOI Report Now or Wait?
- U.S. Supreme Court Makes It Easier to Challenge IRS Regulations
- Tax Credits for EVs: What’s New?
- 2024 Year-End Tax Strategies for Crypto Investors
- TCJA Winners and Losers – Business on the Chopping Block
- 2024 Last-Minute Year-End Retirement Deductions
- 2024 Last-Minute Vehicle Purchases to Save on Taxes
- 2024 Last-Minute Year-End General Business Income Tax Deductions
- Three Ways the Tax Law Treats Personal Property Rentals
- IRS Penalties? Know the Rules, Pay Nothing
- Three Possible Ways to Deduct Your Dog or Cat
- Tax Deductions & Planning
- The Supreme Court Likely Shook Up Your Buy-Sell Agreement
- The Department of Labor Makes It Harder to Hire Independent Contractors
- Employee Retention Credit (ERC) Update
- BOI Reporting Deadlines are Closing In
- Avoid the Hidden Dangers of the Accumulated Earnings Penalty Tax
- What Happens When You Die and Your S Corporation Owns the Rental?
- Smart Solutions That Decrease Social Security and Medicare Taxes
- Tax Guide to Deducting Long-Term Care Insurance Premiums
- Did you sell CT residential property for more than $2.5 Million?
- Know the Exceptions to the 10 Percent Penalty on Early IRA Withdrawals
- Shutting Down Your S Corporation
- Claim Up to $32,220 in Missed 2021 Self-Employed COVID-19 Sick and Family Leave Credits Today
- Limited Partners and Self-Employment Taxes
- Tax Implications of Shutting Down a Sole Proprietorship
- Cost Segregation: Is This Strategy for You?
- Tax Implications of Shutting Down a Partnership
- No Business Income, No Home Office Deduction?
- Selling Your Home to Your S Corporation
- Protect Yourself from Costly Payroll Fraud
- Tax Reform Doubles Down on S Corporation Reasonable Compensation
- Is BOI Reporting Unconstitutional?
- Turn Your Vacation—Even a Luxurious One—into Tax-Deductible Business Travel
- New Crypto Tax Reporting Rules Are Coming Soon
- Get up to $32,220 in Sick and Family Leave Tax Credits
- IRAs for Young Adults
- Tax Implications of Selling Qualified Improvement Property (QIP)
- The IRS Annual Dirty Dozen List
- Estimated Tax Penalties
- Do You Qualify as a Tax Law–Defined Professional Gambler?
- New 1099-K Filing Rules Delayed Again
- Corporate Transparency Act Requires BOI Reporting to FinCEN
- Deducting Start-up Expenses for a Rental Property
- Beat the Net Investment Income Tax
- New FinCEN Filings Go into Effect on January 1
- Last-Minute Year-End Tax Strategies for Marriage, Kids, and Family
- Last-Minute Year-End Retirement Deductions
- Last-Minute Year-End Medical Plan Strategies
- Last-Minute Year-End General Business Income Tax Deductions
- Tax-Free Rental Income with the Augusta Rule
- Deduct Travel by Car, Train, Plane, or Boat
- Donating Clothing to Goodwill and the Salvation Army
- Key Insights into Depreciation
- Act Now! Get Your Safe Harbor Expensing in Place
- HSA for Business Owners
- Update on State Pass-Through Entity Taxes Beating the SALT
- Key Insights on the ICHRA for Small Businesses
- ICHRA Unleashed: Transforming Small Business Health Benefits
- The Kiddie Tax and How to Avoid It
- Strategic Insights for Employing Your Spouse
- Shutting Down a C Corporation
- The Cleaning Lady and Your Home-Office Deduction
- Claim Your 2020 COVID Sick and Family Leave Credits Today
- Act Now to Qualify for Your 2020 and 2021 ERC Money
- One Ugly Rule for S Corp Owners Deducting Health Insurance
- Basic Estate Planning
- Using Family Loans to Secure Better Home Loan Interest Rates
- Tax Credits for Electric Vehicles: The Latest from the IRS
- Take Advantage of the Once-in-a-Lifetime IRA to HSA Rollover
- Business Gym for Your Employees, and Maybe You Too
- If I Hire My Kids, Can I Give Them Tax-Free Education Benefits?
- Know the $75 Rule for Business Expenses
- Avoid This Family-Member S Corporation Health Insurance Mistake
- Are You a Regular Investor or a Tax-Favored Securities Trader?
- Helicopter View of 2023 Meals and Entertainment
- Holding Real Property in a Corporation: Good or Bad Idea?
- Plan Your Passive Activity Losses for Tax-Deduction Relevance
- SECURE 2.0 Act Creates New Tax Strategies for RMDs
- 2023 Health Insurance for S Corporation Owners Update
- How to Section 1031 Exchange into a Delaware Statutory Trust
- Is Airbnb Rental Income Subject to Self-Employment Tax?
- When Cancellation of Debt (COD) Income Can Be Tax-Free
- Use In-Kind RMD to Avoid Selling Retirement Account Assets
- Section 1031 Exchanges vs. Qualified Opportunity Zone Funds
- $80 Billion to the IRS: What It Means for You
- Last-Minute Year-End Tax Strategies for Marriage, Kids, and Family
- Last-Minute Year-End Retirement Deductions
- Last-Minute Year-End Tax Strategies for Your Stock Portfolio
- Last-Minute Year-End General Business Income Tax Deductions
- Claim Your Employee Retention Credit
- Buying an Electric Vehicle? Know These Tax Law Changes
- Avoid These Mistakes When Converting to an S Corporation
- Say Goodbye to 100 Percent Bonus Depreciation
- New Business Tax Credits for Electric Vehicle Purchases
- Claiming the ERC When You Own Multiple Entities
- New and Improved Energy Tax Credits for Homeowners
- Earn 9.62 Percent Tax-Deferred Interest with Series I Bonds
- Investing in Treasury Inflation-Protected Securities (TIPS)
- Earn 9.62 Percent Tax-Deferred with Series I Bonds
- Claim Your 2020 and 2021 ERC Now (Yes in 2022)
- Inflation Reduction Act’s Individual, Small-Business Credits
- Paying Your Child: W-2 or 1099?
- New 62.5 Cents Mileage Rate
- Self-Employment Taxes for Partners and LLC Members
- Self-Employment Tax Basics
- The IRS Wants to Know about Your Crypto
- Are Self-Directed IRAs for Real Estate a Good Idea?
- Deduct a Cruise to Mexico
- Alert: A Massive New FinCEN Filing Requirement Is Coming
- Selling Your Appreciated Vacation Home? Consider the Taxes
- Transferring Your Home to Your Adult Child
- Donor-Advised Funds: A Tax Planning Tool for Church and Charity Donations
- Tax Implications When Your Vacation Home Is a Rental Property
- Send Tax Documents Correctly to Avoid IRS Trouble
- Partnership with Multiple Partners: The Good and the Bad
- Health Savings Accounts: The Ultimate Retirement Account
- Entertainment Facility: Perk for You, Your Net Worth, and Your Employees
- Vacation Home Rental—What’s Best for You: Schedule C or E?
- IRAs for Kids
- New Hope for Restoring and Fixing the Employee Retention Credit
- Big Tax Break: Qualified Improvement Property
- Reverse Mortgage as a Tax Planning Tool
- Selling Your Home to Your S Corporation
- Make Sure You Grab Your Home Internet Deduction
- Depreciating Residential Rental and Commercial Real Property
- Using a Vacation Home as a Rental Property and for Personal Use
- Self-Directed IRAs
- Is Your Sideline Activity a Business or a Hobby?
- Make Extra “Catch-Up” Contributions to Retirement Accounts
- When Is a Partner in a Partnership a 1099 Worker?
- Tax Credits for Schedule C Business Owners with Employees
- Tax Credits for Schedule C Businesses without Employees
- 2021 Last-Minute Year-End Tax Strategies
- 2021 Last-Minute Year-End Tax Strategies for Your Stock Portfolio
- 2021 Last-Minute Section 199A Tax Reduction Strategies
- 2021 Last-Minute Year-End General Business Income Tax Deductions
- The Basics of Depreciation
- Principal Residence Gain Exclusion Break
- Tax-Home Rules You Should Know
- Taxation of 529 College Savings Account Withdrawals
- Prorated Principal Residence Gain Exclusion Break
- IRS Private Letter Rulings: Are They Worth It?
- Vaccinated? Claim Tax Credits for Your Employees and Yourself
- Save Your Employee Retention Credit
- The Principal Residence Gain Exclusion Break
- Don’t Make a Big Mistake by Filing Your Tax Return Late
- Loophole: Harvest Tax Losses on Bitcoin and Other Cryptocurrency
- Don’t Miss Out on the Employee Retention Credit
- Garage Space as a Home Office
- Find the Winning Tax Law for Your IRS Audit
- 2 Ways to Fix Tax Return Mistakes Before the IRS Discovers Them
- Is Your Travel Day Personal or a Tax-Deductible Business Day?
- Congress Closes the PayPal 1099-K Reporting Loophole
- IRS Focuses on Cryptocurrency
- Tax Planning for the New $142,800 Base for Self-Employment Taxes
- Benefit Big from the Work Opportunity Tax Credit
- Helicopter View of Meals and Entertainment (2021-2022)
- Deduct 100 Percent of Your Employee Recreation and Parties
- Deduct 100 Percent of Your Business Meals under New Rules
- Self-Employed During the Pandemic? Lawmakers Did Not Forget You
- ARPA Adds Cash to the Child Tax Credit
- Married, Filing Separately, May Be the Tax Year 2020 Strategy
- Double Benefits: Claiming Both the ERC and Tax-Free PPP
- PPP Extended—Act Fast or Miss Out
- Deducting Disaster Losses for Businesses
- Deducting Disaster Losses for Individuals
- Business Tax Breaks Thanks to the Recently Enacted CAA
- COVID-19 Tax Relief Measures
- Tax Extenders Passed with the COVID-19 Relief Law
- COVID-19 Relief Law Boosts Temporary Tax Deductions and Credits
- COVID-19 Relief Law Turbocharges Employee Retention Credit
- Who Qualifies for First-Draw PPP Money Today?
- Proof for the Home-Office Deduction
- New Stimulus Law Grants Eight Tax Breaks for Individual Filers
- Round 2: Additional Tax-Free PPP Money for You?
- New Forgiveness Rules for Past, Current, and New PPP Money
- 2020 Last-Minute Year-End Medical Plan Strategies
- 2020 Last-Minute Year-End Tax Strategies for Marriage, Kids, and Family
- 2020 Last-Minute Year-End Tax Strategies for Your Stock Portfolio
- 2020 Last-Minute Year-End General Business Income Tax Deductions
- Getting Around the New Law That Impairs the Stretch IRA Strategy
- Don’t Let the IRS Set Your S Corporation Salary
- Using Whole or Partial Rooms for Your Home Office
- The Latest on Payroll Tax Deferral
- The Importance of Keeping a Mileage Log
- PPP Update: Two New Rules for Owners of S and C Corporations
- Seven Things to Know Before You Take Out an EIDL
- Still Time to Get $150,000 from the SBA
- All About Limited Liability Companies
- Insights into the PPP Loan and Its Forgiveness
- Q&A: PPP Forgiveness Answers for S Corporation Owner-Employees
- Spending the PPP Money on You and Your Employees
- IRS Enables Millions to Qualify for the $100,000 IRA Grab and Repay
- COVID-19 Strategy: Hire Family Members to Create Tax Benefits
- PPP Loan Forgiveness for Partnerships and S and C Corporations
- Government Clarifies PPP Loan Forgiveness for the Self-Employed
- COVID-19 Relief if You Work Abroad or Travel to the U.S. to Work
- Create Deductions: Use Your Vacation Home for Business Lodging
- Four Insights into the PPP for Partnerships
- Nine Insights into PPP Loan Forgiveness for the Self-Employed
- CARES Act Fixes TCJA Glitch on QIP, Requires Action
- Grab Some Quick Cash with the CARES Act’s Five-Year NOL Carryback
- COVID-19 Crisis Creates Silver Lining for Roth IRA Conversions
- COVID-19: Tax Benefits for S Corporation Owners
- Self-Employed with No Employees? Get Your COVID-19 Cash Now
- Avoid the Gift Tax—Use the Tuition and Medical Strategy
- 8 Things to Know About the SECURE Act
- Use Your Business to Maximize Charitable Donations
- Kiddie Tax Changes
- 8 Changes in the SECURE Act You Need to Know
- Congress Reinstates Expired Tax Provisions
- Tax Tips for the Self-Employed Age 50 and Older
- Divorce-Related Tax Issues for Small-Business Owners
- IRS Issues New Bitcoin Tax Guidance
- Does No 1099 Mean No Deduction for You?
- 2019 Last-Minute Vehicle Purchases to Save on Taxes
- 2019 Last-Minute Year-End Tax Deductions for Existing Vehicles
- 2019 Last-Minute Year-End Tax Strategies for Marriage, Kids, and Family
- 2019 Last-Minute Year-End General Business Income Tax Deductions
- 2019 Last-Minute Year-End Medical and Retirement Deductions
- 2019 Last-Minute Section 199A Strategies That Reduce Taxes