Tax season is approaching rapidly, so it’s time to start preparing for a smooth and successful filing deadline. Getting your ducks in row early can save you from a major […]
Can I Still Get a Self-Employment Tax Deferral?
In 2020, the US Congress passed the CARES Act to help ease pandemic-related difficulties for small businesses and taxpayers. One of the act’s key provisions allowed some taxpayers to take […]
How to Save with the Alternative Motor Vehicle Credit 🔋
The federal government wants businesses to adopt sustainable energy, and they’re offering tax breaks to incentivize business owners. Businesses who make the leap can get tax credits, rebates, and more. […]
How to Get a Land Conservation Easement for Tax Savings
Are you sitting on extra undeveloped land? Putting it into a land conservation easement could earn you substantial tax savings. However, the process involves multiple steps and third parties. Fortunately, […]
How to Get an IRS Identity Protection Pin
Identify theft is running wild in the US, and tax returns are a prime target for bad actors. To combat this issue, the IRS started assigning IRS identity protection pins […]
How to Get Your Prior Year AGI
When it comes to filing your taxes, there are a couple of different ways you go about it. You can file a paper return by mail, or you can e-file. […]
The New Qualifying Relative Rules
The IRS typically affords tax breaks to taxpayers with qualifying dependents to compensate for their additional costs. The most prevalent type of dependent is children, but qualifying relatives often include […]
Investing in Art and NFTs for Tax Deductions
For high net worth individuals, tax strategies and investing go hand-in-hand. If you’re not diligent about the tax consequences of your investments, you may owe the IRS far more than […]
Can an Offshore Trust Save You Money on Taxes?
There’s been a lot of talk in the news recently about Congress raising taxes on the wealthy. Regardless of what the final legislation looks like, high earners can expect some […]
The October Corporate Tax Deadline: What You Need to Know
Filing taxes can be a headache for any small business. But, corporations, in particular, face a unique set of challenges. Sole proprietors file a Schedule C with their personal tax […]