“Protect Yourself:Digitize Tax Receipts” To get my complete article with all the details… Is Your Credit Card Statement Naked? How about your checkbook? If your credit card statement or checkbook lacks supporting receipts, the IRS considers it “naked”—and that can be a problem when you’re claiming tax deductions. Protect Your Deductions—Go Digital IRS audits … [Read more...]
Think You’re Not in a Partnership? The IRS Might Disagree
“The IRS May See a Partnership Where You Don’t—Here’s What to Do About It” To get my complete article with all the details… You may be in a partnership for federal tax purposes—even if you never signed a partnership agreement or formed an entity. If you co-own property or a business with others and share income or expenses, the IRS could classify your arrangement as … [Read more...]
Lost Money to a Scam? Here’s How to Tell If You Can Deduct It
“Lost Money to a Scam?Here’s How to Tell If You Can Deduct It” To get my complete article with all the details… Scammers may have taken your money—but don’t let the IRS take your deduction, too. Our newest article, Greed or Goodwill: Your Motive Makes a Scam Loss Deductible, breaks down exactly when scam victims can deduct their losses—and when they can’t. Here’s … [Read more...]
Maximize Your 2025 Tax Deductions with This Overlooked Strategy
“Bonus Depreciation Is Shrinking—Here’s Your Smart Alternative” To get my complete article with all the details… With bonus depreciation dropping to just 40% in 2025, savvy commercial property owners are looking for powerful alternatives to protect their bottom line. Enter Section 179 expensing—a strategy that lets you write off the full cost of qualifying property … [Read more...]
Simplify QCDs—Avoid These Mistakes
“QCD with IRA Checking Account—Easy, but Beware” To get my complete article with all the details… If you're over 70½ and taking required minimum distributions (RMDs) from your traditional IRA, you’ve probably heard of the qualified charitable distribution (QCD) strategy—a smart way to donate to charity while reducing your taxable income. What you may not know is that … [Read more...]