“Solo Biz Owner? No Employees?Is the Mega Backdoor Roth for You?” To get my complete articlewith all the details… If you're a solo business owner with no employees and you prefer the Roth retirement account, there's a powerful strategy you should know about: the Mega Backdoor Roth. You’ve probably heard of the backdoor Roth IRA—great for high earners, but it maxes … [Read more...]
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Kill the Tax Bite from Your RMDs with This Smart Move
“Beat the Taxman:Use the Tax Code–Created QCD to Kill Your RMD” To get my complete articlewith all the details… If you're age 73 or older (or getting close), you already know: those required minimum distributions (RMDs) from your IRA can do a number on your taxes. But what if we told you there’s a way to satisfy your RMD, support a cause you care about, and … [Read more...]
Wildfires, Floods, Hurricanes Can Produce Tax Deductions
“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...]