Before You Spend a Dollar: How Start-Up Costs Are Taxed
Starting or buying a business? Learn which start-up costs you can deduct, which must be capitalized, and when your business officially begins for taxes.
Donating Property Worth Over $5,000? Don’t Skip the Appraisal
Donating property worth more than $5,000? The IRS requires a qualified appraisal and Form 8283. Learn the rules so your charitable deduction is not denied.
Paying for Partnership Costs Yourself? Here’s How to Deduct Them
Paying partnership costs out of pocket? Learn which expenses are deductible, how to report UPE on Schedule E, and the mistakes that cost partners money.
The Augusta Rule, Answered: Tax-Free Income From Renting Your Home to Your Business
The Augusta Rule lets you rent your home to your corporation or partnership tax-free up to 14 days. Eight common questions answered, with documentation tips.
If You Reimburse Employee Medical Costs, Don’t Forget the PCORI Fee
Have a 105-HRA, QSEHRA, or ICHRA? You owe an annual PCORI fee on Form 720, due July 31. See the rate, how to calculate it, and how to file on time.
Why Your IRS Refund May Be Frozen — and What a CP53E Notice Means
The IRS now freezes refunds and sends CP53E notices instead of mailing paper checks. Learn who is affected and how to release your refund fast.
A Court Ruling Could Mean an IRS Refund — If You File Before July 10, 2026
A Court of Federal Claims ruling may have extended COVID-era tax deadlines to July 11, 2023. File a protective refund claim by July 10, 2026 to preserve it.
Your R&E Spending From 2022–2024 Could Mean a Refund — But the Clock Is Ticking
Spent on R&E in 2022–2024? The OBBBA reverses Section 174 amortization and may unlock a major refund. See who qualifies and the July 6 deadline.
Family Payroll Tax Rules: Ultimate Guide to Hiring Family Members and Maximizing Tax Savings
Did you know that hiring family members could be one of the most overlooked yet powerful strategies to reduce your family payroll tax burden while legitimately shifting income to lower […]
How Long Does the IRS Have to Audit You?
[vc_row][vc_column][vc_column_text css=””]Good news: the IRS doesn’t have forever to audit your tax returns. Federal law sets specific time limits—known as statutes of limitations—that restrict how far back the IRS can go when examining […]
Form 1065: The Complete Guide to Partnership Tax Returns
Every partnership and multi-member LLC operating in the United States must file Form 1065, U.S. Return of Partnership Income, with the IRS each year—even if […]
Tax Planning for Retirement: Strategies Before You Stop Working
The tax decisions you make in the years leading up to retirement can affect your finances for decades. Strategic planning before you […]