“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...]
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Real Estate Dealer or Investor? The IRS’s View Matters
“Are You a Real Estate Dealeror Investor?” To get my complete articlewith all the details… "Am I a real estate dealer or investor?" It seems like a simple question, but the answer could dramatically impact your tax situation. We've just published a comprehensive guide that: Clarifies how the IRS views each classification Explains the tax implications for … [Read more...]
Your Business Tax Breaks Could Vanish Soon—What’s at Risk?
“Game On: TCJA Winners and Losers— Business on the Chopping Block” To get my complete articlewith all the details… Warning: The tax landscape is about to shift dramatically. The TCJA provisions expiring in 2025 could substantially increase your tax burden overnight. Are you prepared for: Your qualified business income deduction (worth up to 20% of your profits) … [Read more...]
Critical Year-End Tax Strategies for Your Crypto Gains (2024)
“2024 Year-End Tax Strategiesfor Crypto Investors” To get my complete articlewith all the details… If you've profited from Bitcoin's record-breaking year, you might be sitting on significant gains – and potentially hefty taxes. But there's still time to optimize your 2024 tax position before December 31st. We've just published a comprehensive guide outlining 5 … [Read more...]
Your Taxes Are About to Change Dramatically – Here’s What’s Coming
“Individuals on the Brink:The TCJA Tax Shuffle Will Begin Soon” To get my complete articlewith all the details… Did you know that your tax bill could look drastically different pretty soon? The biggest tax overhaul in recent history is about to expire, and it will affect YOUR bottom line. The Tax Cuts and Jobs Act (TCJA) provisions are set to sunset in 2025, … [Read more...]