“Game On: TCJA Winners and Losers— Business on the Chopping Block” To get my complete article with all the details… Warning: The tax landscape is about to shift dramatically. The TCJA provisions expiring in 2025 could substantially increase your tax burden overnight. Are you prepared for: Your qualified business income deduction (worth up to 20% of your … [Read more...]
Passive income and losses
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Unlock the Tax Secrets of Personal Property Rentals
"Unlock the Tax Secrets ofPersonal Property Rentals" To get my complete articlewith all the details… Are you renting out equipment, vehicles, or other personal property? If so, you could be missing out on crucial tax benefits – or worse, inadvertently breaking tax laws! Our latest article, "Know the Three Ways the Tax Law Treats Personal Property Rentals," is a … [Read more...]
Unlock Aircraft Tax Deductions: How to Overcome Passive Loss Limits
"Unlock Aircraft Tax Deductions:How to Overcome Passive Loss Limits" To get my complete articlewith all the details… Are you looking to unlock valuable tax deductions for your aircraft? Passive loss limitations can often trap losses, making it difficult to offset them against other income. But with the right strategies, you can break free from these tax traps and … [Read more...]
Protect Aircraft-Leasing Tax Deductions from the IRS Hobby Loss Rule
“Protect Aircraft-Leasing Tax Deductionsfrom the IRS Hobby Loss Rule” To get my complete articlewith all the details… Not everyone can reach into their pocket and pull out enough cash to pay for an airplane. That’s why you should consider paying for your plane through a leasing arrangement. When you go the leasing route, you can: Defray the costs of … [Read more...]
How To Shut Down Your S Corporation
“How To Shut DownYour S Corporation” To get my complete articlewith all the details… “Parting is such sweet sorrow” said Juliet to Romeo. Well, shutting down your S corporation can also be sweet or sorrow. It all depends on how you face federal income-tax issues for both the corporation and its shareholders. There are basically two ways you can go (and I am … [Read more...]