The IRS Could Pay You $6,614 To Hire Your Child To get my complete article with all the details… The government will pay you thousands for a decision you might already be making anyway: putting your child to work in your business. Sara Jackson's 13-year-old will earn $16,100 tax-free this year, and Sara will pocket a check from the federal and state governments for … [Read more...]
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Is Your Spouse Or Side Job Costing You The Home-Office Deduction?
Is Your Spouse Or Side Job Costing You The Home-Office Deduction? To get my complete article with all the details… Maybe you run your business from a home office, and your spouse uses the same room for their own side venture — or you sneak in some W-2 work at that desk between client calls. It feels harmless. It isn't. Under a precedent-setting Tax Court ruling, … [Read more...]
A Complete 2026 Health Insurance Update for S Corporation Owners
A Complete 2026 Health Insurance Update for S Corporation Owners To get my complete article with all the details… If you own an S corporation, the health insurance deduction is still available in 2026—but one small mistake can cost you thousands. Here are three reasons to read this update: Review the 2026 Rules: 2026 Health Insurance for S Corporation … [Read more...]
Spouse on payroll: the compliance trap hiding in plain sight
“Spouse on Payroll: the ComplianceTrap Hiding in Plain Sight” To get my complete article with all the details… You hire your spouse. You set up a Section 105-HRA. The plan reimburses $20,000 in family medical costs. Now someone asks: shouldn't you also put your spouse on payroll and issue a W-2? It feels like the safe move. But safe for whom—and at what cost? Once … [Read more...]
Inherited HSA? The entire balance is taxable income — this year
“Inherited HSA? The Entire Balanceis Taxable Income — This Year" To get my complete article with all the details… Your client has been doing everything right with their HSA. Maximum contributions every year. No withdrawals. Letting it grow like a super IRA. Now they're seriously ill. Their adult child is the beneficiary. And nobody has told them what happens … [Read more...]