“Don’t Lose Millions OverOne Missed Election” To get my complete article with all the details… I’ve seen this one trip up even very careful practitioners—and the cost can be staggering. Here’s what caught my attention: There’s also a commonly misunderstood “simplified” method that looks like a shortcut—but in the wrong situation, it can backfire in a very … [Read more...]
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The IRS Attribution Rules That Catch Owners Off Guard
“The IRS Attribution RulesThat Catch Owners Off Guard” To get my complete article with all the details… Attribution rules don’t look dangerous—until they quietly change who owns what for tax purposes. They can turn a routine transaction into a denied loss, unexpected stock ownership, or even a controlled group problem. And here’s the hard fact: three different … [Read more...]
The 50% Childcare Credit for One-Owner Businesses
“The 50% Childcare Creditfor One-Owner Businesses” To get my complete article with all the details… Do you operate a sole proprietorship or own an S or C corporation? If you’re paying for childcare and assumed the new 50% credit doesn’t work for you, this article is for you. Many one-owner businesses dismiss this credit because of DCAP rules or wage inclusion … [Read more...]
One missed form. $1.5 million in estate taxes
“One Missed Form.$1.5 Million in Estate Taxes” To get my complete article with all the details… The estate exemption is $15 million. No estate tax is owed. So no filing is needed, right? Wrong. If you want your surviving spouse to inherit your unused exemption, someone has to file Form 706 and make the portability election—even when the estate is well under the … [Read more...]
Family Relationships the IRS Cares About More Than You Think
“Family Relationships the IRS CaresAbout More Than You Think” To get my complete article with all the details… Some of the most expensive tax mistakes don’t come with penalties or audit notices. They show up later—as deductions that disappear, losses that don’t count, or timing issues no one expected. But a quiet set of rules can still unwind the result—based … [Read more...]