“The Filing Burden HiddenInside a Married-Couple LLC” To get my complete article with all the details… A married couple forms an LLC to hold rental property. Smart move for liability protection. But now what? Do they have to file a partnership return? The answer depends on where they live—and how they structured ownership. There are exceptions that let some … [Read more...]
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What Relatives Cause You Tax Danger?
“What Relatives CauseYou Tax Danger?” To get my complete article with all the details… You might think you know exactly how much of a business you own. The IRS may see it very differently. Thanks to Section 318, family ties, entities, or even options can quietly turn a small ownership stake into a controlling one—changing how income is taxed, whether losses are … [Read more...]
The Tax Trap Hiding in Your Corporate Structure
“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...]
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...]
Maximize Tax Savings with These Year-End Medical Plan Strategies
“2025 Last-Minute Year-EndMedical Plan Strategies” To get my complete article with all the details… As the year comes to a close, it’s the perfect time to ensure your business is taking full advantage of every available tax-saving opportunity. Medical plans for small businesses with 1-49 employees are an often-overlooked goldmine for deductions, credits, and financial … [Read more...]