“IRC Section 1563: The ControlledGroup Trap” To get my complete article with all the details… You formed separate corporations. So each one gets its own Section 179 deduction, its own tax credits, its own limits. Right? Not necessarily. There's an IRS rule that can collapse multiple corporations into a single taxpayer—even if they operate … [Read more...]
Parents
Sorted by Date
Your Old Car Might Still Be Worth a Tax Break
“How OBBBA Made Your OldVehicle a New Tax Opportunity” To get my complete article with all the details… Think you’ve already claimed all your vehicle deductions for 2025? Think again. There’s a hidden opportunity sitting right in your driveway. Thanks to new OBBBA rules, your existing personal cars, SUVs, and pickups could unlock fresh year-end tax deductions—if you … [Read more...]
Family, Finances, and the IRS: One Smart Year-End Move
“Marriage, Kids, and Taxes—The Surprising Year-End Connection” To get my complete article with all the details… As the year winds down, family and business tend to take center stage—and taxes are probably the last thing you want to think about. But before you close the books on 2025, it’s worth taking a quick look at how your family, your marriage, and even your … [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 professional … [Read more...]
FREE $1,000 for Your Newborn? OBBBA’s Trump Accounts Explained
“OBBBA’s New Trump Accounts:How to Win” To get my complete article with all the details… Free money + compound growth = generational wealth. OBBBA's new Trump Accounts offer something unprecedented: $1,000 of government seed money for eligible newborns, plus the ability to contribute $5,000 annually with tax-deferred growth. The math is stunning: That could … [Read more...]