A short, technical post: You can possibly use a fiscal year and even a fiscal year change to get one additional year of Section 199A deduction. Even … [Read more...] about Section 199A(i) Fiscal Year Change Extends Deduction
Roth Calculator
The Roth Calculator below helps you determine whether you end up with more retirement income using a Roth IRA or 401(k). Or using a traditional IRA … [Read more...] about Roth Calculator
Home Investment Calculator
You can use the Home Investment Calculator below to estimate the pre-tax rate of return you earn by buying and living in a home. Just enter the your … [Read more...] about Home Investment Calculator
Using ChatGPT to Determine S Corporation Reasonable Compensation
A disclosure to start this discussion about using ChatGPT for determining S corporation reasonable compensation. I do not think the large language … [Read more...] about Using ChatGPT to Determine S Corporation Reasonable Compensation
Short-term-rental Depreciation Deductions Calculator
A handful of times recently, prospective real estate investors have asked me about the depreciation deductions they can expect if they successfully … [Read more...] about Short-term-rental Depreciation Deductions Calculator
Washington State Estate Tax Calculator
Washington state levies an estate tax on people who die with more than a threshold amount of net worth. For estates created before July 1, 2025 that … [Read more...] about Washington State Estate Tax Calculator
The Section 183 Short-term Rental Problem
So, let's talk briefly about Section 183 and your short-term rental property. It’s summer obviously. You’ve probably been renting the place. Maybe … [Read more...] about The Section 183 Short-term Rental Problem
Advanced S Corporation Tax Planning Secrets
Five million small businesses operate as S corporations. And surely most of those folks know the simple trick for saving money with an S corporation. … [Read more...] about Advanced S Corporation Tax Planning Secrets
Section 174 Software Development Accounting Primer
Okay. So, yeah, Section 174 software development accounting. A bit of mess, right? I hear you. We had more than a few client questions last tax … [Read more...] about Section 174 Software Development Accounting Primer
Backdoor Roth IRAs Really a Smart Idea?
Maybe the last ten individual tax returns I’ve signed? They all included a backdoor Roth IRA. That got me thinking: How much tax do you really save … [Read more...] about Backdoor Roth IRAs Really a Smart Idea?