This blog post is the second in a two-part series. This post explains how Washington B&O tax, or “business and occupation tax,” works for … [Read more...] about B&O Tax Nexus in Washington
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Salvaging Partnership Section 199A Deductions
You have probably already heard the bad news. Partnership Section 199A deductions get limited or even eliminated in many situations. If you’re a … [Read more...] about Salvaging Partnership Section 199A Deductions
Section 199A Qualified Business Income Deduction Danger Zones
Some bad news, I’m afraid. The new Section 199A qualified business income deduction creates a number of danger zones for taxpayers and their tax … [Read more...] about Section 199A Qualified Business Income Deduction Danger Zones
Section 951A GILTI Tax Avoidance: Ten Tricks
And what's worse? Many of these folks don't even know yet that they have to deal with a new tax. No kidding, this could get ugly. … [Read more...] about Section 951A GILTI Tax Avoidance: Ten Tricks
Real Estate Broker Section 199A Deduction
If you’re a real estate agent or broker, you may wonder whether the new Section 199A deduction works for you. And the short answer: Probably you … [Read more...] about Real Estate Broker Section 199A Deduction
The Millionaire Next Door Business Plan
Last week, after reading the newest book in the “Millionaire Next Door” series, I critiqued the critics. More specifically, I pointed out how the … [Read more...] about The Millionaire Next Door Business Plan
Section 962 Election: An Answer to GILTI?
As you probably know if you’re reading this blog post, many investors and entrepreneurs with an international footprint face a painful new tax, the … [Read more...] about Section 962 Election: An Answer to GILTI?
S Corporation Section 199A Deduction
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
Preparing U.S. Tax Returns for International Taxpayers
Need to learn how to prepare U.S. tax returns for international taxpayers? For example, do you need to report the Section 965 transition tax? Or the … [Read more...] about Preparing U.S. Tax Returns for International Taxpayers
Has Your Small Business Stopped Growing?
Has your small business stopped growing? I might know why. And more importantly, if it turns out the textbook answer I give is right, the answer … [Read more...] about Has Your Small Business Stopped Growing?