Can You Depreciate a Classic Car You Use in Business?
In the 1990s, a professional musician named Brian Liddle deducted part of the cost of his bass viol — a rare, 17th-century […]
Can Your Small Business Deduct Inventory When You Buy It?
If you’re an Amazon or Shopify seller, an importer, or run a small manufacturing business, here’s the honest answer: usually, no, not […]
Missed an RMD? Here’s How to Get the Penalty Waived
If you missed a Required Minimum Distribution (RMD), there’s a penalty involved, but it’s not automatic and it’s usually fixable. The steps […]
Your ERC Refund Arrived in 2026. Now What?
The Current Situation A significant number of Employee Retention Credit (ERC) claims filed in 2022 and 2023 are only now being processed, […]
The “Rent Assets to Your Own Corporation” Myth
A Frequently Repeated Claim The claim circulates widely across social media and informal advisory channels, typically presented with considerable confidence: rent a […]
Freeing Suspended Passive Losses — and the New 2026 Trap
Say you bought a rental property for $ 300,000 ten years ago. Depreciation and expenses have created a loss on paper almost […]
Your Home Office Can Be Three Square Feet
Your Home Office Can Be Three Square Feet If you’ve ever hesitated to claim the home office deduction because your “office” is […]
Section 199A QBI Deduction: 2026 Guide | Manay CPA
Section 199A QBI Deduction: 2026 Guide | Manay CPA The Section 199A Qualified Business Income (QBI) deduction allows many eligible business owners […]
S Corp Owner Health Insurance Deduction: The Box 5 Rule Most Owners Miss
S Corp Owner Health Insurance Deduction: The Box 5 Rule Most Owners Miss Every year we see the same W-2. The S […]
QBI Deduction 2026: What Actually Changed, and What Didn’t
QBI Deduction 2026: What Actually Changed, and What Didn’t Start with the number that isn’t real. A lot of business owners are […]
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.