“Alert: CA, IL, and NY Laws RequireWritten Freelance Agreements” To get my complete articlewith all the details… If your business hires freelancers in California, Illinois, or New York, you need to read this: New state laws now require written contracts—and missing one could cost you double damages, attorney fees, and statutory penalties. Freelancer-friendly … [Read more...]
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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...]
New IRS Rules for Inherited IRAs in 2025—What You Need to Know
“Don’t Let IRS Rule ChangesCatch You Off Guard” To get my complete articlewith all the details… Big changes are coming for inherited IRAs in 2025, and understanding these updates is critical to protecting your retirement savings. Key highlights: Required Minimum Distributions (RMDs) are now mandatory for most beneficiaries. Missing them could cost you up to 25% … [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...]
Don’t Miss This: Critical Update on the 2021 ERC
“Do You Now Need to AmendYour 2021 Tax Return for the 2021 ERC?” To get my complete articlewith all the details… Are You Prepared to Amend Your 2021 Tax Return? If you claimed the Employee Retention Credit (ERC) for 2021 but haven’t yet amended your tax return, you might be on a collision course with the IRS. Here’s what you need to know: You are required to … [Read more...]