If your business sells merchandise, there may be a valuable year-end tax planning opportunity that many small-business owners overlook. Under today’s tax rules, many qualifying
If you successfully challenge the IRS, you may be able to recover your attorney fees and other professional costs—but only if you meet several strict
The home-office deduction can produce substantial tax savings, especially when it converts what would otherwise be commuting miles into deductible business mileage. But many business
If you own more than one business, you may be missing out on a larger Section 199A deduction without even realizing it. The Section 199A
If you’re planning to sell highly appreciated real estate, a closely held business, or private company stock, don’t let the tax consequences become an afterthought.
If you own a traditional IRA, failing to take your required minimum distribution (RMD) can cost you far more than taking it and paying the
If you own rental real estate, you may have passive losses that have been suspended for years. Although you cannot currently deduct these losses, they
Many business owners assume they cannot claim a home-office deduction because their home is too small. In fact, the tax law says otherwise. A home
Beginning in 2026, the Section 199A qualified business income deduction becomes a permanent part of tax planning for pass-through business owners. This deduction can allow
If your business receives an Employee Retention Credit (ERC) refund in 2026 for wages paid in 2020 or 2021, you may have an important tax
Let’s turn our attention to an increasingly valuable tax planning opportunity involving qualified small business corporation (QSBC) stock, especially in light of recent law changes.
If you plan to sell a business or an intangible asset, you need to understand a critical tax rule that can significantly increase your tax
Recent tax law changes under the One Big Beautiful Bill Act created powerful opportunities to write off business assets faster than ever. You now face
