Is Your Spouse Or Side Job Costing You The Home-Office Deduction? To get my complete article with all the details… Maybe you run your business from a home office, and your spouse uses the same room for their own side venture — or you sneak in some W-2 work at that desk between client calls. It feels harmless. It isn't. Under a precedent-setting Tax Court ruling, … [Read more...]
Multiple Businesses? Your 199A Deduction May Be Shrinking
Multiple Businesses? Your 199A Deduction May Be Shrinking To get my complete article with all the details… You've grown past one business — maybe a rental property, an S corporation, and a Schedule C side venture all under your name. Each one qualifies for the 20 percent Section 199A deduction on its own, or so you'd think. But once your taxable income climbs past … [Read more...]
Turn the IRS Into Your Lending Partner by Deferring Capital Gains
Turn the IRS Into Your Lending Partner by Deferring Capital Gains To get my complete article with all the details… You've built something valuable — a rental property, a business worth seven figures, maybe stock in a company you helped grow. Now you're ready to sell, but there's a shark in the water: the IRS can shred a quarter or more of your windfall before you … [Read more...]
Could Twitchco Save Your ERC Refund from Tax?
Could Twitchco Save Your ERC Refund from Tax? To get my complete article with all the details… If you received an ERC refund—or expect one—you've probably heard the IRS's position: report it as income in the year you receive the check. But what if there's a legitimate legal argument that challenges that position? Here are three reasons this article deserves your … [Read more...]
The problem with AI tax answers (and how we fixed it)
The problem with AI tax answers (and how we fixed it) Most tax AIs guess. Ask Murray shows its work. There's a problem with most AI tax tools: you get an answer, but you have no idea where it came from — or whether you can trust it. Ask Murray is different by design. Our AI is powered by retrieval-augmented generation (RAG) built on more than 2,400 tax strategy … [Read more...]