"Commission Rebates in 2026: Cut Your Fee, Don't Cut a Check" To get my complete, FREE articlewith all the details… You want to win clients by giving them a break on your commission. How you hand over that break — a check or a smaller fee — can quietly change your tax result. One approach leaves you with nothing to deduct, nothing to substantiate, and nothing to … [Read more...]
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The 3-test Check for Your Health Insurance Deduction
The 3-test Check for Your Health Insurance Deduction To get my complete article with all the details… You pay for your own health insurance as a sole proprietor, partner, or S corporation owner and assume the deduction is automatic. It isn't — three separate tests decide whether those premiums count for the self-employed health insurance deduction. One test alone … [Read more...]
Do You Have the Right Business Entity for Your Section 199A Deduction?
Do You Have the Right Business Entity for Your Section 199A Deduction? To get my complete article with all the details… You're a high-earning Schedule C filer — 1099s, single-member LLC, sole proprietor — and you assume your 20 percent Section 199A deduction is safe. It isn't, not if your taxable income climbs too high without payroll or depreciable property behind … [Read more...]
Paid your child for a one-time job? Three rules your preparer needs to get right
Paid Your Child For a One-time Job?Three Rules Your Preparer Needs To Get Right To get my complete article with all the details… You paid your college student for a one-time project. You took the deduction. The family came out ahead. But now the details matter. Which Form 1099 do you use—and which box? Does the kiddie tax apply? Can your child contribute the income … [Read more...]
A Little-Known Way to Pay Family (Without Payroll Taxes?)
“A Little-Known Way to Pay Family(Without Payroll Taxes?)” To get my complete article with all the details… Most tax pros know the “hire your child” strategy. But here’s what I’ll admit—I used to think that once the child was over 18, or if the business was a corporation, the payroll tax benefit was largely gone. Turns out, that’s not always the case. Here are … [Read more...]