A while back I talked about Lottery Tax Planning for a Billion Dollar Drawing. And what I said in the earlier article still stands... But the recent … [Read more...] about Powerball Lottery Tax Planning
When Material Participation Really Starts (It’s Earlier Than Most People Think)
Material participation sits at the heart of many powerful tax strategies. Whether you’re running a small business, flipping houses, managing a … [Read more...] about When Material Participation Really Starts (It’s Earlier Than Most People Think)
Bonus Depreciation and 1031 Exchanges: A Hidden Opportunity
Real estate investors know about bonus depreciation. They also know about 1031 like-kind exchanges. But not everyone realizes that the two rules can … [Read more...] about Bonus Depreciation and 1031 Exchanges: A Hidden Opportunity
The Section 168(k) Bonus Depreciation Purchased Requirement
You can get 100% bonus depreciation on tangible personal property assets you purchase and place into service after January 19, 2025. That seems … [Read more...] about The Section 168(k) Bonus Depreciation Purchased Requirement
Changing Your Washington State Residency
Okay, first point, if you want to change your residency or domicile from Washington state to some other state? That’s a question you answer with the … [Read more...] about Changing Your Washington State Residency
The Washington Estate Tax Income in Respect of Decedent Problem
Washington state’s estate tax hits only a small percentage of the state’s decedents. (The threshold for paying tax is $3,000,000, and though the data … [Read more...] about The Washington Estate Tax Income in Respect of Decedent Problem
Planning for the 35% Washington State Estate Tax
Washington state levies an estate tax of up to 35% on estates of decedents dying on or after July 1 2025. That new rate is by far the highest estate … [Read more...] about Planning for the 35% Washington State Estate Tax
Washington State Professional Services Sales Tax
Starting October 1, 2025, Washington State levies a sales tax on many, maybe most, business professional services. Thus, if you’re a business … [Read more...] about Washington State Professional Services Sales Tax
Washington’s Qualified Family-Owned Business Interest Estate Tax Deduction: Updated for 2025
Washington state taxes the estates of high-net-worth residents and high-net-worth nonresidents who own property in the state. The tax rates start at … [Read more...] about Washington’s Qualified Family-Owned Business Interest Estate Tax Deduction: Updated for 2025
Big Beautiful Section 199A Calculator
Use the calculator below to estimate your Section 199A deduction using the new formula from the Big Beautiful Tax Bill of 2025. Note: More detailed … [Read more...] about Big Beautiful Section 199A Calculator