July 31 Deadline: One Small Fee That Protects Your Entire HRA Deduction To get my complete article with all the details… You set up a health reimbursement arrangement to maximize tax deductions for medical expenses. Smart move. But there's a small annual filing requirement that comes with it — and skipping it could give the IRS a reason to question whether your … [Read more...]
The Augusta Rule: 8 Real-World Q&As Every Business Owner and Tax Pro Should Read
The Augusta Rule: 8 Real-World Q&As Every Business Owner and Tax Pro Should Read To get my complete article with all the details… Your corporation holds a meeting at your home. You charge fair market rent. The corporation deducts it—and you pocket the money tax-free.Sounds too good to be true? It's not. But the details matter more than most business owners and tax … [Read more...]
Motor Home Deductions: Done Right—or Gone Entirely?
Motor Home Deductions: Done Right—or Gone Entirely? To get my complete article with all the details… A motor home deduction sounds straightforward… Until a court case wipes it out completely. I’ve seen this happen more than once—and the Jackson case is a perfect example of how a solid deduction can be lost, not because it was wrong… but because it was positioned … [Read more...]
The OBBBA made charitable deductions harder—here’s the workaround
The OBBBA Made Charitable DeductionsHarder—Here's the Workaround To get my complete article with all the details… You give to your church, your local school, the charity your best customers care about. You want to support them—and you'd love a tax deduction for it. But after the OBBBA, the personal charitable deduction is harder to use than ever. In 2026, charitable … [Read more...]
The Augusta Rule: 14 days, $21,000 deduction, zero tax on rent received
The Augusta Rule: 14 days, $21,000 Deduction,Zero Tax on Rent Received To get my complete article with all the details… You own a corporation or partnership. You also own your home. Those two facts together create a tax opportunity most business owners never use. Rent your home to your business for 14 days or less, and the rent you receive is completely … [Read more...]