“Form 1099-DA Is Here—How ItWill Impact Your Crypto Taxes” To get my complete article with all the details… If you own crypto, the IRS is about to learn a whole lot more about your transactions. Starting this tax year, exchanges must report your digital asset sales on the brand-new Form 1099-DA—and next year, they’ll even report your cost basis. That means fewer … [Read more...]
Tax Planning
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Thinking About an EV Charger? Time’s Running Out
“Only Seven Months Left toSecure Your EV Charger Credit“ To get my complete article with all the details… If you’ve been thinking about installing an EV charger—at home or for your business—now’s the moment to stop thinking and start acting. The credit that helps pay for it is disappearing in just seven months, and most people won’t realize it until it’s too … [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...]
OBBBA Raised the SALT Cap—But There’s a Catch
“Do Pass-Through Entity TaxesStill Pay Off after OBBBA?” To get my complete article with all the details… Congress raised the SALT cap to $40,000. So if you've been using pass-through entity taxes to work around the old $10,000 limit... problem solved? Not quite. That new $40,000 cap has fine print. Cross a certain income threshold, and the cap starts … [Read more...]
The Hidden Advantages Behind Filing a Gift Tax Return
“The Hidden Benefits ofFiling a Gift Tax Return” To get my complete article with all the details… Most people hear “gift tax return” and think of paperwork they’d rather avoid. But here’s the surprise: filing Form 709 can actually protect you, save your family headaches later, and even lock in tax benefits the IRS can’t challenge after three years. If you’ve given … [Read more...]