“IRS Incorrectly Disallows $120,000Tesla Model X Tax Write-Off” To get my complete articlewith all the details… Say in 2022, you bought a Tesla Model X, used it 91% for business, and wrote off $120,000 using bonus depreciation. Now, in 2025, the IRS audits your return and says, not so fast—claiming incorrectly that your Tesla is a passenger automobile subject … [Read more...]
Tax Planning
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Self-Employed? You Could Be Missing Out on Thousands in 2024 Tax Savings
“The Best Sole Proprietorship Retirement Plansto Reduce Your 2024 Tax Bill” To get my complete articlewith all the details… Are you operating as a sole proprietor or single-member LLC and haven't set up a retirement plan yet? You're leaving money on the table. With tax season underway, there's still time to: Set up a retirement plan Make a contribution … [Read more...]
The Right Way to Ask Your C or S Corporation for Travel Reimbursements
“The Right Way to Ask Your C or SCorporation for Travel Reimbursements” To get my complete articlewith all the details… As the owner and sole employee of your S or C corporation, you should be getting reimbursed for business expenses like travel, lodging, and mileage. But if you're not handling it correctly, you could be losing valuable tax deductions—or worse, … [Read more...]
Avoid IRS Filing Headaches This Tax Season
“It’s Tax Filing Season Again-Avoid the Post Office” To get my complete articlewith all the details… Tax season is here again, and if you need to file a paper document with the IRS, you want to make sure it arrives on time—without any delivery problems. To avoid IRS trouble and potential penalties, you have three options: Use certified or registered mail—but … [Read more...]
The IRS Has Your Back in Times of Disaster
“Wildfires, Floods, Hurricanes:How the IRS Has Your Back” To get my complete articlewith all the details… Wildfires, Floods, Hurricanes—What’s the IRS Got to Do With It? When disaster strikes, the last thing you need to worry about is your tax bill. But did you know the IRS has a host of tax relief provisions designed to ease the financial burden for those affected … [Read more...]