A practical how-to blog for small businesses
business taxes · individual income taxes · management · Strategy
A couple of times recently, I’ve talked with taxpayers about their business education deductions. And they have questions. Some small business owner spends money on an MBA program—and she wonders[…]
Bookkeeping · business taxes · individual income taxes
Taxpayers always wonder about whether or not they can deduct expenses when they don’t have a receipt. Generally, yes, you can… but you want to proceed with caution if you’re[…]
individual income taxes · personal finance
Earlier this year, the tax court issued a decision about the real estate professional loophole. A dentist, one Dr. Zarrinnegar, had used the real estate professional loophole to deduct large[…]
individual income taxes · personal finance
Last week, I blogged about how to pay zero federal income taxes on a $100,000 income. But that’s not very relevant to most readers. First, the U.S. average household income[…]
individual income taxes · personal finance · retirement
In some popular online forums, participants regularly tout the idea of self-directed IRA real estate investment or self-directed 401(k) real estate investment. After writing dozens of messages rebutting this gambit,[…]
individual income taxes · personal finance · retirement
Most taxpayers probably aren’t thinking about avoiding net investment income tax. But they should. The net investment income tax hits more people than you might think. And then this awkward[…]
individual income taxes · personal finance · retirement
Can we talk for a minute about partnership tax consequences? Specifically about a handful of issues that probably neither you nor your financial planner or investment advisor understand? Dozens of[…]
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