Simple Rules for Financial Security
Managing your money doesn’t have to be complicated. A few simple steps can help you achieve financial peace of mind. [...]
Is it Worth Amending Your Tax Return?
Whether you feel that it is worth it or not to file an amended return is not the issue. The [...]
Does Your Business Qualify for a 20 Percent Tax Deduction?
The 20 percent tax deduction under new 2018 tax code Section 199A is a nice tax break for business owners, [...]
How to Get Out of an IRS Penalty
You hate IRS penalties, right? Everyone does! There are a lot of strategies we can use on your behalf to [...]
Virtual Currency FAQs
The use of virtual currencies have become more widespread in today’s economy. According to the IRS, a virtual currency is [...]
Calculating Your Tax Deduction on Qualified Business Income
As you know, new tax code Section 199A offers a 20 percent tax deduction on your qualified business income—if you [...]
Hobby Income Versus Business Income
The tax law has mistreated hobbies for a long time. But the most recent tax reform brings an end to [...]
S Corporation or Sole Proprietor?
Tax reform created a new 20 percent tax deduction for select pass-through entities. Will your business operation create the 20 [...]
Ways to Make More of Your Property Tax Deduction
Tax reform put the screws to your state and local income tax deductions. Many states disliked that and have been [...]
Deducting Costs for Your Employee’s Bicycle Transportation Costs
Tax reform created taxes on employee fringe benefits for bicycles. You could (and can) deduct your costs for reimbursing employees [...]