3 Ways to Deduct Your Dog or Cat
Owning a dog, cat, or other household pet can be costly, with average expenses ranging from $1,270 to $2,800 per year for a dog alone.…
10 Tax Strategies for S Corps
The end of the year is fast approaching. If you’re an S corp owner, this means it’s time to get serious about minimizing your tax…
Convert C to S Corp: Save Thousands and Avoid BIG Tax Problem
When considering how to convert your C corporation into an S corporation, it is crucial to understand and prepare for the built-in gains (BIG) tax.…
Make Your Vacation a Tax-Deductible Trip!
Imagine enjoying your next vacation while also reducing your tax bill. You can convert a relaxing getaway into a tax-deductible business trip with the right…
Use These Tax-Free Stock Strategies!
When you strategically leverage the tax code’s provisions, your stock market portfolio can become a valuable tool for minimizing your 2023 income taxes. Understanding and…
Smart Tax Tips for Landowners
Investing in raw land can be strategic for those looking to enter the real estate market without the significant upfront costs often associated with developed…
Convert Your Personal Vehicle to Business Use!
If you’re looking to convert your personal vehicle to business use, know that it can significantly increase your tax benefits without spending additional money or…
IRS Dirty Dozen – Taking Tax Advice from Social Media
Poor tax advice is rampant, particularly in the vast, unregulated expanses of social media. With the rise of “financial influencers,” the landscape of online tax…
S Corp vs. C Corp: Are You Maximizing Your Tax Savings?
Would switching from an S corporation to a C corporation, or vice versa, better serve your business’s tax strategy? Making the right choice between S…
Use Real Estate to Reduce or Eliminate Tax!
Real estate is widely regarded as one of today’s most tax-advantaged investment strategies. When utilized correctly, this avenue offers numerous opportunities to significantly reduce or…
Shutting Down a Partnership: Tax Implications!
Dissolution Process Overview As you consider winding down your partnership, it’s crucial to understand the tax implications under three typical scenarios of partnership dissolution. Here’s…
Roof Replacement Tax Break
Take advantage of significant tax benefits with the IRS’s partial disposition election, including the often-overlooked opportunity of the Roof Replacement Tax Break. This comes into…