“The Pitiful and OutdatedTax Code Business Gift Limit” To get my complete article with all the details… You send gift baskets to clients, referral sources, colleagues. But how much can you actually write off? The limit was set in 1962—when gas cost 31 cents and a Ford ran you $2,645. It hasn't changed since. Adjusted for inflation, it should be around $268 … [Read more...]
Tax Policy
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The IRS is done mailing refund checks
“IRS Moves Toward All-Electronic Refunds:What You Need to Know” To get my complete article with all the details… The IRS is phasing out paper refund checks. It's already happening. For most taxpayers, nothing changes—93% already use direct deposit. But if you've been getting checks in the mail? That's about to get complicated. File without banking info, and … [Read more...]
URGENT: New Tax Law Cheats Gamblers in 2026
“OBBBA Cheats Gamblers—Taxes Fictional Income” To get my complete article with all the details… The New Tax Law Can Tax Gamblers on Money They Never Won If you gamble—whether casually or professionally—prepare for a shocking change starting in 2026. The One Big Beautiful Bill Act (OBBBA) just imposed a devastating new restriction that could force you to pay … [Read more...]
For Biz Owners: Don’t Expose Your S Corp. to Unnecessary Risk
“When Should Your S CorporationHave an S Corporation Subsidiary?” To get my complete article with all the details… If you’re like most S corporation owners, you chose the S corporation structure to save on self-employment taxes. But here’s a powerful benefit most business owners don’t know about: You can form a subsidiary under your S corporation—called a … [Read more...]
For Tax Pros: A Tax-Smart Tool Most S Corp Owners Overlook—Are Your Clients Missing Out?
“When Should Your S CorporationHave an S Corporation Subsidiary?” To get my complete article with all the details… If you serve S corporation clients—and especially those with multiple business activities or assets—there’s a powerful but underutilized strategy you should know about: the Qualified Subchapter S Subsidiary (QSub). No extra federal tax … [Read more...]