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...

When replacing property through a 1031 exchange and choosing a Delaware Statutory Trust (DST) as the replacement property, depreciation...

Growing Businesses rely on accelerated depreciation to fund growth.  Here’s how: Depreciation is a tax deduction that allows businesses...

Great question - I am sure some will disagree with me, but here it is: Ranking Tax-Deferred and Investment Options: From Most to Least...

Depending on the size of your estate at death, you could end up giving more to your state than to the federal government. While the...