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retirement

$10,000,000 Individual Retirement Accounts and 401(k)s: Actually Possible?

December 7, 2015 By Stephen Nelson CPA

Picture of piggy banks

In an online forum recently, I saw someone suggest you can accumulate a $10,000,000  Individual Retirement Account or 401(k) account. This is … [Read more...] about $10,000,000 Individual Retirement Accounts and 401(k)s: Actually Possible?

Filed Under: personal finance, retirement

The Rich Get Poorer: the Myth of Dynastic Wealth

September 1, 2015 By Stephen Nelson CPA

Picture of an abandoned derelict mansion

In the recent paper, “The Rich Get Poorer: the Myth of Dynastic Wealth,” Robert D Arnott, William J. Bernstein, and Lillian J Wu analyze the arguments … [Read more...] about The Rich Get Poorer: the Myth of Dynastic Wealth

Filed Under: business taxes, management, New business, personal finance, retirement

Do You Have a Foreign Trust to Report to the IRS?

July 1, 2015 By Beth Nelson CPA

U.S. taxpayers get get tripped up more easily than they usually realize when it comes to interests in foreign investments or income from foreign … [Read more...] about Do You Have a Foreign Trust to Report to the IRS?

Filed Under: foreign tax issues, retirement

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Use our S corporation tax savings calculator to make a quick estimate of the annual tax savings per owner.

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Featured Posts

Use the Section 199A Deduction Calculator to estimate the new "Qualified Business Income" deduction.

Section 199A QBI Deduction Calculator

Starting in 2026, the Section 199A deduction works slightly different. Congress adjusted the formulas for inflation, improved how future inflation … [Read More...] about Section 199A QBI Deduction Calculator

Millionaires' tax limits charitable deductions

Washington’s New Millionaire Tax Quietly Limits Charitable Deductions

If you’re a taxpayer likely affected by Washington’s new “millionaire tax?” Or you run a charity in Washington state? Yeah. You want to understand how … [Read More...] about Washington’s New Millionaire Tax Quietly Limits Charitable Deductions

Sleeper material participation methods sometimes work for short-term rentals

Sleeper Material Participation Rules for Short-Term Rental Investors

Short-term rental investors often know the first three material participation rules—more than 500 hours, substantially all the hours, and 100 hours … [Read More...] about Sleeper Material Participation Rules for Short-Term Rental Investors

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