Tax Considerations After A Job Loss
Even when unemployment is relatively low, job loss can affect workers across many industries. In May 2026, the U.S. unemployment rate was 4.3%, according to the U.S. Bureau of Labor
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1031 Like-Kind Exchange: Four Misconceptions For Real Estate Owners
If you own commercial real estate as a real estate developer or a small business owner and are thinking about potentially selling a property, a Section 1031 like-kind exchange may
Kiddie Tax Rules for Children With Investment Income
An assumption often made by parents about the so called “kiddie tax” is that it only applies to minors, while some parents may not even know it exists. However, the
Five Self-Employed Tax Deductions You Should Know
It’s common to have questions about deducting business expenses on your federal income tax return if you’re self-employed. Take a look at five self-employed tax deductions that are commonly overlooked
A Guide To After-Tax Non-Roth 401(k) Contributions
It’s common knowledge that you can make pre-tax contributions up to the annual elective deferral limit to a traditional, tax deferred account or after-tax contributions to a Roth account if
Important Tax Guidelines For Selling Self-Created Intangibles
Many businesses rely on intangible assets like goodwill, trademarks, and customer lists. However, its important to consider that the IRS doesn’t treat all intangibles the same way when taxing. These
Be Aware Of Tax Scammers Posing As The IRS
Taxpayers are continuously targeted through email, text message, phone calls, and regular mail by tax scammers. To trick victims into sharing sensitive information or sending money, tax scammers often attempt
Benefits Of Roth IRAs As A Small Business Owner
Roth IRAs are often overlooked by small business owners, as they usually assume their income is too high for them to qualify to make Roth contributions. In addition, some may
Donating Artwork: The Ins & Outs Of Qualifying For A Deduction
Qualifying for a deduction when donating artwork to a charity depends on several factors such as how the piece will be used and the type of organization receiving the piece.
Qualifying As A Small Business For Tax Purposes
Even if you consider your business to be big, the government may not always agree when they classify it for tax purposes. Qualifying as a “small business” could open the