“Odds Are the Tax Law Doesn’tConsider You a Professional Gambler” To get my complete, FREE articlewith all the details… Here’s a fact that many people don’t know... Tax law treats gamblers unfairly. Although not a buddy of the professional gambler, tax law does treat the professional far better than the recreational gambler. The professional gambler is in the … [Read more...]
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Dutch-Treat Business Meals Are Back Again–But Beware
“Dutch-Treat Business MealsAre Back Again–But Beware!” To get my complete, FREE articlewith all the details… Let’s say you go out for a Dutch-treat lunch with a colleague. All is going well when you remember that deductions for your meal may be disallowed. This could happen thanks to the Sutter and Fenstermaker court cases. What is the Sutter all … [Read more...]
Update: State Pass-through Entity Taxes Beat the SALT
“Update: State Pass-through EntityTaxes Beat the SALT” To get my complete, FREE articlewith all the details… DefinitionsPTE: Pass-through entityPTET: State pass-through entity taxesSALT: State and local taxes Are you the individual owner of a partnership, multi-member LLC, or S corporation? Then my new article makes must reading. Increasingly state PTEs … [Read more...]
SECURE 2.0 Adds New Escapes from the 10% Early Withdrawal Penalty
“SECURE 2.0 Adds New Escapesfrom the 10% Early Withdrawal Penalty” To get my complete, FREE articlewith all the details… The IRS can issue some confusing rulings, but the law is crystal clear on this point . . . If you withdraw your money from an IRA or other retirement account before you reach age 59 ½ , you’ll have to pay a hefty 10% penalty. Ouch! And this … [Read more...]
Discover New Tax Strategies for RMDs under the SECURE 2.0 Act
Discover New Tax Strategies for RMDs under the SECURE 2.0 Act Are you aware of the required minimum distributions (RMDs) for your tax-deferred retirement accounts? The SECURE 2.0 Act has introduced new tax strategies for RMDs that could save you money and help you plan for retirement more effectively. This comprehensive article covers the essential details you need to … [Read more...]