Multiple Businesses? Your 199A Deduction May Be Shrinking To get my complete article with all the details… You've grown past one business — maybe a rental property, an S corporation, and a Schedule C side venture all under your name. Each one qualifies for the 20 percent Section 199A deduction on its own, or so you'd think. But once your taxable income climbs past … [Read more...]
Tax Planning
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Turn the IRS Into Your Lending Partner by Deferring Capital Gains
Turn the IRS Into Your Lending Partner by Deferring Capital Gains To get my complete article with all the details… You've built something valuable — a rental property, a business worth seven figures, maybe stock in a company you helped grow. Now you're ready to sell, but there's a shark in the water: the IRS can shred a quarter or more of your windfall before you … [Read more...]
Could Twitchco Save Your ERC Refund from Tax?
Could Twitchco Save Your ERC Refund from Tax? To get my complete article with all the details… If you received an ERC refund—or expect one—you've probably heard the IRS's position: report it as income in the year you receive the check. But what if there's a legitimate legal argument that challenges that position? Here are three reasons this article deserves your … [Read more...]
A Better Way to Handle Inventory for Tax Purposes
A Better Way to Handle Inventory for Tax Purposes To get my complete article with all the details… If your business carries inventory, you may have more flexibility than you realize. Recent tax law changes created opportunities that many small businesses still overlook. Here are three reasons to read this article: Discover Whether You Qualify for Faster … [Read more...]
One Missed IRA Deadline, One Avoidable Penalty
One Missed IRA Deadline, One Avoidable Penalty To get my complete article with all the details… You turned 73, and somewhere between the RMD notice from your custodian and your year-end to-do list, the deadline slipped by. Your custodian sent the notice — they're not on the hook for what happens next. You are. Miss the deadline, and the penalty isn't a slap on the … [Read more...]