Do you own a pass-through entity? You may already know the new tax law provides a gigantic new tax break. The Section 199A pass-through entity … [Read more...] about Section 199A Deduction and Principal Asset Disqualification
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Pass-through Income Deduction: Top 12 Things Every Business Must Know
Late in 2017, Congress passed the Tax Cuts and Jobs Act of 2017, an enormous, complicated 500-page chunk of tax law. Among other things, the new law … [Read more...] about Pass-through Income Deduction: Top 12 Things Every Business Must Know
Maximizing Section 199A Deductions
Ready to help your small business clients save thousands in taxes using the Section 199A loophole? Click the button below to download and … [Read more...] about Maximizing Section 199A Deductions
Section 199A Qualified Business Income Deduction: Big Savings for Small Businesses
The Tax Cuts and Jobs Act added a new business deduction to tax law: the Section 199A Qualified Business Income Deduction. In a nutshell, the … [Read more...] about Section 199A Qualified Business Income Deduction: Big Savings for Small Businesses
Pass-through Entity Tax Cut Rules Are Complicated
Last week, House Republicans passed the “Tax Cuts and Jobs Act.” The law gives many sole proprietors, partnerships and S corporations a tax cut by … [Read more...] about Pass-through Entity Tax Cut Rules Are Complicated
Subchapter S Election Timing Tips & Tricks
You want to understand how Subchapter S election timing works. Understand the timing, for example, and you avoid common mistakes. Further, understand … [Read more...] about Subchapter S Election Timing Tips & Tricks
Bogleheads Investment Philosophy Flaws: Problems with a Popular Approach
This week's blog post discusses five flaws I see in the Bogleheads investment philosophy. Two are pretty significant, I think. The other three … [Read more...] about Bogleheads Investment Philosophy Flaws: Problems with a Popular Approach
Why File Out of State Tax Returns
Can we talk about something that’s a little bit awkward for small business owners? Specifically, can we discuss the “why file out of state tax … [Read more...] about Why File Out of State Tax Returns
Avoiding Net Investment Income Tax
Most taxpayers probably aren’t thinking about avoiding net investment income tax. But they should. The net investment income tax hits more people than … [Read more...] about Avoiding Net Investment Income Tax
Partnership Tax Consequences: What Your Financial Advisor Didn’t Tell You
Can we talk for a minute about partnership tax consequences? Specifically about a handful of issues that probably neither you nor your financial … [Read more...] about Partnership Tax Consequences: What Your Financial Advisor Didn’t Tell You