“Deducting Disaster Losses for Individuals:Navigating the Rules” To get my complete articlewith all the details… Wildfires, floods, hurricanes—disasters. The financial toll can be devastating. You can deduct some disaster losses from your taxes. New rules allow certain disaster losses with amended returns for closed years. Recent changes to tax laws have made it … [Read more...]
2025 Tax Guide – Essential Desktop Resource You Need Now
“Your Must-Have2025 Tax Resource Guide” To get my complete articlewith all the details… The 2025 tax changes are here, and being unprepared could cost you. Having our 2025 Tax Resource Guide on your desktop gives you: Instant access to critical tax information without searching Quick reference for the latest code changes and deadlines Immediate answers … [Read more...]
Imagine this: the IRS incorrectly says no to your $120,000 Tesla Write-Off
“IRS Incorrectly Disallows $120,000Tesla Model X Tax Write-Off” To get my complete articlewith all the details… Say in 2022, you bought a Tesla Model X, used it 91% for business, and wrote off $120,000 using bonus depreciation. Now, in 2025, the IRS audits your return and says, not so fast—claiming incorrectly that your Tesla is a passenger automobile subject … [Read more...]
Self-Employed? You Could Be Missing Out on Thousands in 2024 Tax Savings
“The Best Sole Proprietorship Retirement Plansto Reduce Your 2024 Tax Bill” To get my complete articlewith all the details… Are you operating as a sole proprietor or single-member LLC and haven't set up a retirement plan yet? You're leaving money on the table. With tax season underway, there's still time to: Set up a retirement plan Make a contribution … [Read more...]
The Right Way to Ask Your C or S Corporation for Travel Reimbursements
“The Right Way to Ask Your C or SCorporation for Travel Reimbursements” To get my complete articlewith all the details… As the owner and sole employee of your S or C corporation, you should be getting reimbursed for business expenses like travel, lodging, and mileage. But if you're not handling it correctly, you could be losing valuable tax deductions—or worse, … [Read more...]