January 2026
Should You Skip Home-Office Depreciation to Dodge Recapture?
Thinking about skipping depreciation on your home office to dodge the recapture tax? That move can actually cost you more, not less, when you eventually sell your home. Learn how the allowed‑versus‑allowable rule, Section 121, and unrecaptured Section 1250 gain really work so you can keep more of your money in your pocket.
When Work Clothing Is Deductible
Most work clothing is not tax-deductible, even if it’s purchased solely for the job. This article explains the narrow exceptions—such as uniforms, protective gear, and specialized apparel—and outlines how independent contractors and employees can still obtain tax benefits through proper business deductions or employer reimbursements under accountable plans.
Avoid This Hidden Tax Trap in Mileage-Reimbursed Vehicles
Mileage reimbursements don’t close the tax loop on your vehicle. Because the IRS mileage rate includes depreciation, selling or trading in a mileage-reimbursed vehicle can create a real, ordinary tax loss—or gain—that you may never see coming.
Download Now: Your Must-Have “2026 Tax Resource Guide”
Stay ahead of tax season with our comprehensive “2026 Tax Resource Guide,” putting essential tax rates, limits, and deductions at your fingertips. This downloadable desktop reference eliminates endless searching, giving you instant access to critical tax information, including updated Social Security ceilings, mileage rates, and retirement plan limits
Commissions Assigned as S Corporation Management Fees, Exposed
Everyone seems to know some salesperson who earns commissions personally and then runs them through an S corporation to cut self-employment taxes. Here’s a true story on how Jack, an insurance agent, proposed to make this happen.
Why Serious Landlords Rely on the 1031 Exchange
Want to grow your real estate portfolio without paying capital gains taxes? Learn how a Section 1031 exchange lets you trade up into bigger, better-performing properties, defer taxes for life, and potentially pass millions to your heirs tax-free—if you follow the rules.
Desktop Reference—2026 Retirement Plans for You, the Owner
Are you maximizing your retirement savings? With our “Retirement Plans – 2026” desktop reference, you’ll have everything you need—clear contribution limits, tailored strategies for business owners, and updates from the SECURE Act 2.0—to make smarter savings decisions and better secure your future.
Do the Section 318 Attribution Rules Expose You to Trouble?
Section 318’s attribution rules can make you the “owner” of stock you never actually bought, drastically affecting tax treatment, related-party status, and reporting duties. Even small direct holdings can balloon through family or entity connections, triggering unexpected dividends, denied losses, or foreign-company reporting penalties.
Deducting a $225,000 Termination Commission Payment
Don’t assume a big termination payout to a salesperson or vendor has to be written off slowly as a capital asset. This article explains why a $225,000 termination commission can be currently deductible, when the IRS might push for capitalization instead, and how to structure and document your deduction.
The No Tax on Tips Deduction for 2025
The IRS has made it much easier for tipped workers to claim the No Tax on Tips deduction for 2025 by delaying until 2026 the requirement that tips be reported to the IRS by employers or payors before they can be deducted. The IRS is also delaying, until 2026 or even later, the rule that employees of specified service trades or businesses can’t claim the deduction. Independent contractors that are specified service trades or businesses may also claim the deduction for 2025 and possibly 2026.
December 2025
Form 1099-DA Is Here—How It Will Impact Your Crypto Taxes
The IRS’s new crypto reporting rules mean your transactions will soon be reported on Form 1099-DA—whether you’re ready or not. Starting in 2026, brokers must also report your cost basis, which directly affects how much tax you owe. Avoid surprises.
Only Seven Months Left to Secure Your EV Charger Credit
Unlock a generous federal tax credit that can help pay for your EV charger or alternative fuel refueling equipment—but act fast. A recent law wipes out this valuable benefit for anything placed in service after June 30, 2026, and strict location rules mean many taxpayers will miss out if they don’t plan ahead. Here’s what you need to know now to claim the credit while there’s still time.
IRC Section 1563: The Controlled Group Trap
Think forming multiple corporations multiplies your tax breaks? Think again. The IRS combines your businesses into what it calls a “controlled group” under IRC Section 1563. Your best deductions and credits, like Section 179 and R&D, must be shared across the whole group. What you thought looked like smart structuring can unexpectedly slash your tax benefits. Find out how these hidden rules connect your corporations—and how the right planning helps you sidestep this costly trap.
Do Pass-Through Entity Taxes Still Pay Off after OBBBA?
The One Big Beautiful Bill Act increases the deduction for state and local taxes to $40,000. Even so, owners of pass-through business entities, such as partnerships and multimember LLCs, still have the option of having their entity pay their business’s state income taxes instead of paying them personally. Electing to pay such state pass-through entity taxes is still worthwhile for many pass-through owners.
The Hidden Benefits of Filing a Gift Tax Return
Think gift tax returns are just tedious paperwork? Think again. Filing Form 709 can unlock powerful protections and long-term tax benefits you don’t want to miss.
Home Builder Alert: Seven Months Left for Tax Credit
A lucrative tax credit for energy efficient homes is about to disappear—and builders have only months left to act. Here’s what you need to know before the window closes.
Start-up and Acquisition Costs after a Deal Falls Apart
Thinking about buying a business? A failed deal can leave you with more than disappointment—it can create surprising tax consequences. Learn how to salvage deductions, preserve start-up costs, and turn a blown acquisition into valuable tax savings.
The Pitiful and Outdated Tax Code Business Gift Limit
Discover why the IRS still limits business gift deductions to just $25 per recipient—a rule untouched since 1962—and what smart business owners can do about it today.
IRS Moves Toward All-Electronic Refunds: What You Need to Know
The IRS has officially begun phasing out paper refund checks, and taxpayers will soon need to rely on electronic payment methods. Learn what this change means for your 2025 return and the simple steps you should take now to avoid delays.
November 2025
2025 Last-Minute Year-End General Business Income Tax Deductions
Your year-end tax planning doesn’t have to be hard. This article takes your daily business activities and identifies easy, year-end tax-planning moves you can make today. Our six strategies will increase your tax deductions, which will reduce your taxable income so the government gets less of your 2025 cash.
2025 Last-Minute Year-End Retirement Deductions
Does your business have a retirement plan for you and, if applicable, your employees? It should. The tax code gives you good reasons to get your retirement plan in place and perhaps make changes in existing plans.
OBBBA Enhances 2025 Last-Minute Vehicle Purchases to Save on Taxes
Here’s an easy question: Do you need more 2025 tax deductions? If so, continue reading. Next easy question: Do you need a replacement business vehicle? If so, you can simultaneously solve or mitigate both the first problem (needing more deductions) and the second problem (obtaining a replacement vehicle), but you must get your replacement vehicle in service on or before December 31, 2025. This article helps you find the right vehicle for the deduction you desire.
2025 Year-End Tax Strategies for Crypto Investors
2025 has been another banner year for cryptocurrency owners, but with profits come taxes. Fortunately, there are many things crypto owners can do before year-end to reduce the taxes they owe on their crypto profits, including harvesting losses (if any), selling and repurchasing crypto to step up their basis, donating crypto to charity, gifting crypto, or establishing a self-directed IRA or solo 401(k) for crypto.
2025 Year-End Tax Deductions for Existing Vehicles after OBBBA
December 31 is just around the corner. That’s your last day to find tax deductions available from your existing business and personal (yes, personal) vehicles that you can use to cut your 2025 taxes. In this article, you will learn how to find and release tax deductions that the tax code trapped inside your existing business cars, SUVs, trucks, and vans. And you will learn how the One Big Beautiful Bill Act makes it possible for you to find a big deduction from your existing personal vehicle (note the terms “existing” and “personal”).
2025 Last-Minute Year-End Tax Strategies for Your Stock Portfolio
When you take advantage of the tax code’s offset game, your stock market portfolio can represent a little gold mine of opportunities to reduce your 2025 income taxes. The tax code contains the basic rules for this game, and once you know the rules, you can apply the correct strategies. In addition to saving taxes with the game of offset, you can avoid paying taxes on stock appreciation by gifting stock to charity, your parents, and your children who are not subject to the kiddie tax.
2025 Last-Minute Year-End Medical Plan Strategies
Have you reimbursed your employees (including your employee-spouse) as stipulated in your health reimbursement arrangements? And if you operate as an S corporation, do you have your health insurance set up correctly for your best tax deduction? In this article, we help with these matters and more
2025 Last-Minute Tax Strategies for Marriage, Kids, and Family
Are you thinking of getting married or divorced? If so, you need to consider December 31, 2025, in your tax planning. Here’s another question: Do you give money to family or friends (other than your children who are subject to the kiddie tax)? If so, you need to consider the zero-tax planning strategy. And now, consider your children who are under age 18. Have you paid them for work they’ve done for your business? Have you paid them the right way? You’ll find the answers here.
2025 Last-Minute Section 199A Tax Reduction Strategies
Remember to consider your Section 199A deduction in your 2025 year-end tax planning. If you don’t, you could end up with a useless $0 for your deduction amount. We’ll review three year-end moves that simultaneously reduce your income taxes and boost your Section 199A deduction.
October 2025
Learn How to Beat 2025 Estimated Tax Penalties Instantly, Today
Think you’re stuck paying big penalties for missing your 2025 estimated tax payments? There’s a little-known IRS-approved strategy that can make those penalties disappear instantly—without costing you extra. Learn the “one perfect way” to eliminate penalties today and keep more money in your pocket.
Beat the OBBBA/TCJA Rules That Punish Dog Breeding Hobbies
Thinking about breeding dogs as a business? The One Big Beautiful Bill Act just made the Tax Cut and Jobs Act’s hobby-loss rules permanent—meaning hobby breeders face steep tax disadvantages. Learn how to protect your deductions and prove your profit motive before the IRS decides your passion is just a hobby.
OBBBA Revives Your Ability to Kill Capital Gains with QOFs
The One Big Beautiful Bill Act has made opportunity zones permanent—and with this change comes a new era of tax advantages for investors. From qualified opportunity zone (QOZ) 1.0 to QOZ 2.0, the rules are changing, and so are the opportunities to slash capital gains taxes. Here’s what you need to know.
OBBBA’s Secret Gift: Bigger Tax Breaks for QCDs from Your IRA
Are you over 70 1/2 and giving to charity? Thanks to the new One Big Beautiful Bill Act, you can now use your IRA to make donations that don’t raise your taxable income—while also dodging new deduction limits and Medicare surcharges. Learn how qualified charitable distributions can deliver bigger tax breaks than ever.
OBBBA Falls Short on Casualty Relief but Yields a Small Win
The One Big Beautiful Bill Act promised big—but delivered just a sliver. Casualty loss deductions are still tough to claim, but there’s a new twist that could save you money if disaster strikes. Find out where the law falls short—and the small win hiding inside.
Selling a Term Life Insurance Policy Creates Thorny Tax Issues
Thinking of selling a term life insurance policy to a relative? It might seem like a simple way to cash out, but the IRS sees it differently. Discover the surprising tax traps that could turn a family arrangement into a costly mistake.
Beginning in 2025, OBBBA Eases Business Interest Deduction Rules
In big news for businesses, the One Big Beautiful Bill Act permanently relaxes limits on business interest expense deductions starting in 2025. Learn how the new EBITDA-based rules and expanded floor plan financing can boost your allowable deductions—and what exceptions might apply to your business.
OBBBA: What to Know about No Tax on Tips
The One Big Beautiful Bill Act establishes a brand-new income tax deduction for income received from tips. Workers who qualify can deduct up to $25,000 in tip income. The deduction is limited in time and scope: it applies only to taxpayers who work in occupations that customarily and regularly receive tips and will last only for 2025 through 2028.
Does the IRS List You as Qualifying for the Tips Deduction?
The “no tax on tips” deduction for 2025 through 2028 is available only for workers in customarily tipped occupations—as defined by the IRS in its list of 68 occupations that you can find here. If you are not on the list, you can’t claim the tips deduction.