"Commission Rebates in 2026: Cut Your Fee, Don't Cut a Check" To get my complete, FREE articlewith all the details… You want to win clients by giving them a break on your commission. How you hand over that break — a check or a smaller fee — can quietly change your tax result. One approach leaves you with nothing to deduct, nothing to substantiate, and nothing to … [Read more...]
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The OBBBA made charitable deductions harder—here’s the workaround
The OBBBA Made Charitable DeductionsHarder—Here's the Workaround To get my complete article with all the details… You give to your church, your local school, the charity your best customers care about. You want to support them—and you'd love a tax deduction for it. But after the OBBBA, the personal charitable deduction is harder to use than ever. In 2026, charitable … [Read more...]
Case Study: Trade-In on a New SUV—Reimbursement by Corporation
Meet Joyce. She just decided to trade in her three-year-old vehicle for a shiny new SUV. Sounds like a straightforward transaction, doesn’t it? … but it isn’t! You see, Joyce operates her business as an S corporation and wants the corporation to reimburse her for depreciation and even bonus depreciation. That’s when things get tricky. You see, the Tax Cuts and … [Read more...]
Watch out for tax-preparation firms’ illegal commissions
Does your tax-preparation firm seek a commission based on how big a refund they can get for you on an amended tax return? If that’s what they propose, turn around, walk out the door, and start running! You see, Treasury Regulations make it illegal to charge a contingent fee for amended returns. To get the whole story on how to spot this tax-preparation scam, don’t miss my … [Read more...]