The S Corporation Section 199A deduction gets complicated. Especially for S corporation business owners who don’t get good advice from a knowledgeable … [Read more...] about S Corporation Section 199A Deduction
business taxes
Section 199A Trade or Business Concept Deconstructed
The new Section 199A deduction requires taxpayers to identify the individual trades or businesses they receive income from. The reason for this … [Read more...] about Section 199A Trade or Business Concept Deconstructed
S Corporation Home Office Deduction Revisited
My oldest friend (since 5th grade) is also a CPA. At lunch last week, he made a great observation. If you run your business as an S corporation and … [Read more...] about S Corporation Home Office Deduction Revisited
Section 199A Proposed Regulations News
Normally, we don't "do" news type blog posts. This is a how-to blog, obviously. But we rather accidentally stumbled on some news about the Section … [Read more...] about Section 199A Proposed Regulations News
Washington Small Business Payroll Setup Tips
You know your business needs to hire employees, and you’re already on board with using a full-service payroll provider such as Gusto, Intuit … [Read more...] about Washington Small Business Payroll Setup Tips
The Section 199A Section 1031 Conundrum
A reader of our “Maximizing Section 199A Deductions” monograph recently e-mailed to ask about the Section 199A Section 1031 connection. His … [Read more...] about The Section 199A Section 1031 Conundrum
199A Deduction: Calculating Your Tax Savings
As you work on preparing your 2018 income tax return, you may wonder how much income tax the new Section 199A deduction saves you. This post, … [Read more...] about 199A Deduction: Calculating Your Tax Savings
Meals and Entertainment Deduction Rules for 2018 and Beyond
The meals and entertainment deduction rules for 2018 differ from those used in the past. If you’re a business owner or real estate investor, you … [Read more...] about Meals and Entertainment Deduction Rules for 2018 and Beyond
The Real Estate Investor Sec. 199A Deduction
If you’re a real estate investor, you’ve probably already wondered whether you get a real estate investor Sec. 199A deduction. (You maybe do.) And … [Read more...] about The Real Estate Investor Sec. 199A Deduction
Section 199A Deduction Phase-out Calculations
The Section 199A deduction phase-out calculations confuse lots of people. They even confuse smart accountants, as several readers of my Maximizing … [Read more...] about Section 199A Deduction Phase-out Calculations