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
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The Current Situation A significant number of Employee Retention Credit (ERC) claims filed in 2022 and 2023 are only now being processed, […]
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
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,
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
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,
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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
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