“Selling a Term Life Insurance PolicyCreates Thorny Tax Issues” To get my complete article with all the details… Find Answers to Three Questions Uncle Bob has a $1 million term life policy. His nephew Joe pays him $10,000 and agrees to pay all future premiums because Uncle Bob made Joe the beneficiary.Three questions: Will Uncle Bob owe taxes on the … [Read more...]
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OBBBA Unlocks Up to $15 Million in Tax-Free Gains—Here’s How
“OBBBA Enhances Tax Breaksfor Qualified Small Business Stock” To get my complete article with all the details… The One Big Beautiful Bill Act (OBBBA) just delivered the largest boost to QSBS in more than a decade—creating powerful new tax opportunities for founders, investors, and employees. What’s new? Higher tax-free cap: Up to $15 million, … [Read more...]
OBBBA Gives Section 529 Plans a Makeover That You Will Like
“OBBBA Gives Section 529 Plansa Makeover That You Will Like” To get my complete article with all the details… Big news: Section 529 plans—already a favorite for tax-advantaged education savings—just got a major upgrade thanks to the One Big Beautiful Bill Act (OBBBA). Starting this year, you can now use 529 funds for far more than college tuition. Think … [Read more...]
For Biz Owners: This Business Owner Lost $20K in Deductions—Don’t Make the Same Mistake
"Avoid This Costly Lessonin Tax Planning for Property Owners" To get my complete article with all the details… If you own a second home, a vacation rental, or are exploring ways to make passive income through real estate—there’s a tax case you need to read. The $20,000 Mistake: Charles Akers, a business owner just like you, thought he was doing everything right … [Read more...]
For Tax Pros: The $20,000 Vacation Rental Mistake Your Clients Can’t Afford
“Read This Case—Then Use Itto Protect Your Clients” To get my complete article with all the details… How confident are your clients when it comes to deducting vacation home expenses? If they’re like most, they’re one bad assumption away from losing thousands in potential deductions. A recent case—“Avoid the $20,000 Tax Mistake This Vacation Homeowner … [Read more...]