The December Spending Trap
Every December, business owners hear the same advice: “Buy something before year-end so you can write it off.”
That sounds smart until you run the math.…
Tale of the Tape
When it comes to business vehicle tax deduction rules, every business owner eventually hits a fork in the road. You can take the easy route by…
The IRS's 20% Coupon
So, what is the qualified business income deduction?
In plain English, the Qualified Business Income deduction, also called the Section 199A deduction, allows eligible business owners…
The Snowball of Avoidance
Most people do not stop filing taxes because they are trying to cheat the system. It usually starts with one hard year: a divorce, illness, failed…
The S-Corp Domino Effect
Your S-Corp return is the first domino of tax season. If Form 1120-S is late, incomplete, or wrong, your personal tax return may also be late,…
The IRS Punishment Machine
IRS penalties are designed to crush you financially. But the IRS also has a “delete” button they do not exactly advertise, and it is called IRS…