Long ago, there was no tax code that differentiated ordinary income from passive income or ordinary losses from passive losses. Life was good for … [Read more...] about The Self-Rental Loophole
Don’t Forget About The Work Opportunity Tax Credit!
The Work Opportunity Tax Credit, or WOTC for short, gets little attention these days. COVID relief programs such as the Paycheck Protection Program … [Read more...] about Don’t Forget About The Work Opportunity Tax Credit!
Why Profit Distributions Usually Don’t Get Taxed
We encounter a common misconception from flow-through business owner clients every year and I want to try and clear the air. That misconception? … [Read more...] about Why Profit Distributions Usually Don’t Get Taxed
Biden Estate Tax Hikes
The big news in the tax world lately has been the President Biden and the Biden administration’s tax proposals found in the “General Explanations of … [Read more...] about Biden Estate Tax Hikes
Proposed Biden Tax Reform Planning
You want to spend at least a little time thinking about the Biden tax reform proposals. With the President-Elect taking office in January, the … [Read more...] about Proposed Biden Tax Reform Planning
Like Kind Exchange Rules Powerful But Tricky
The Section 1031 like kind exchange rules complicate decisions for real estate investors. But the rules offer real estate investors opportunities for … [Read more...] about Like Kind Exchange Rules Powerful But Tricky
Research and Development Credit Explained
Tax credits provide a popular way to pay less tax. A dollar of tax credit, for example, saves a dollar of tax. And one popular tax credit? The … [Read more...] about Research and Development Credit Explained
Section 1202 Qualified Small Business Stock Pitfalls
I wrote a post a few weeks ago about all of the great benefits of Section 1202 Qualified Small Business Stock (QSBS). But frankly? It would be … [Read more...] about Section 1202 Qualified Small Business Stock Pitfalls
Section 1202 Qualified Small Business Stock Exclusion
Are you a small business owner who wants to sell your firm? Do you operate as a "C" corporation? You definitely want to know how Section 1202 … [Read more...] about Section 1202 Qualified Small Business Stock Exclusion
Maximize Depreciation Deductions under the Tax Cuts and Job Act of 2017
The Tax Cuts and Jobs Act (TCJA) of 2017 created new depreciation rules. And both business owners and real estate investors want to learn the new … [Read more...] about Maximize Depreciation Deductions under the Tax Cuts and Job Act of 2017