This is my least favorite thing about the US Income Tax System: Congress gives taxpayers a deduction, and then takes it away with a...

You aren’t going to like this one: the general answer is “no.” Many business owners and professionals use sports tickets to build...

Fringe benefits can provide substantial tax advantages for business owners, but their deductibility and tax treatment vary depending on...

First of all, cashing out in an UPREIT is possible, and Section 733 is very favorable - but it takes very careful planning and the more...

This highlights one of the best 'tax plays' out there for w-2 employees, because the short answer is yes, you can contribute to both a...

By strategically using available deductions, credits, and income-shifting opportunities, individuals and business owners can achieve...

I see this screwed up more than any other area in tax law. I don't know why attorneys don't understand it when they form LLCs or...

Good record keeping is essential for both individuals and business owners when it comes to income taxes. Beyond helping you prepare...

A Section 1014 Trust  is a powerful estate planning tool that leverages the rules of the Internal Revenue Code (IRC) §1014 to provide a...

Meals and entertainment expenses have long been a staple of business operations, from client meetings to team gatherings. And Congress...

Year-End Tax Timing: W-2 Withholding vs. Quarterly Estimated Payments For high-income earners, business owners, and investors, timing tax...

With bonus depreciation scheduled to drop to 40% in 2025, business owners and investors face important decisions about how to maximize...

Gifting during the holidays can strengthen relationships with employees and clients. However, the tax implications of these gifts can...

As President-elect Donald Trump prepares to assume office in January 2025, several proposed tax changes are under consideration, building...

The Research and Development (R&D) Tax Credit offers businesses a powerful incentive to innovate by reducing their tax liability. With...

We are all pretty familiar with the income brackets in the Federal Tax System, the more you earn, the higher percentage of your taxable...

Buy-sell agreements are common in multi-owner business entities.  In fact, if you don’t have one, you crate one now. These agreements are...

Understanding Common Basis Issues in S Corporations and Partnerships When it comes to business taxation, understanding basis is...

What Is a DownREIT? A DownREIT is a strategic partnership between a property owner and a Real Estate Investment Trust (REIT), designed to...

A: Maybe (or should I say, it depends...) Deferred Sales Trust (DST) Explained A Deferred Sales Trust (DST)  is a tax-deferral strategy...