If you’re in the market for a new car, the federal government would like you to purchase an electric vehicle (EV) or plug-in hybrid EV
Contrary to popular belief, the IRS does not limit business owners to claiming deductions on only one business vehicle. You might maximize tax benefits by
I am writing about potential COVID-19 sick and family leave tax credits you may have overlooked on your 2020 tax return. You might be eligible
I am writing about a significant opportunity for your business to qualify for the Employee Retention Credit (ERC). As we are in 2023, you still
You need an estate plan, regardless of whether or not you are among the ultra-rich. As recent news has shown, even those who have won
Are you considering a bold tax position that may significantly reduce your taxes? If approved by the IRS, it’s a win. But if disapproved, be
The IRS recently issued new guidance on electric vehicles. There are four ways you can potentially benefit from a federal tax credit for an EV
I know you have been thinking about employee fitness and possibly a gym or other athletic facility. To be tax deductible, your gym or other
Health Savings Accounts (HSAs) are designed for use alongside high-deductible health plans, assisting you in covering your medical expenses. They can also function as an
The $75 rule applies to certain business expenses where you do not need a receipt. But I emphasize that this rule does not apply to
I’m reaching out to remind you of two important issues related to health insurance deductions for S corporations. First, if you own more than 2
In 1986, lawmakers drove a stake through the heart of your rental property tax deductions. That stake, called the passive-loss rules, causes myriad complications that
Are you ready for the new tax law changes coming in 2023? Because it’s a whole new ball game! Here are the major changes that