Closing a business can be overwhelming. But it’s important not to let tax duties fall through the cracks.
Continue readingIf You’re Closing Your Business, Don’t Forget These Tax Steps
Which Parent Gets the Tax Breaks After Divorce?
IRS rules determine who can claim many child-related federal income tax breaks after parents divorce or legally separate.
Continue readingEstate Planning for 2026 and Beyond
Until recently, much tax uncertainty surrounded estate planning. The Tax Cuts and Jobs Act doubled the federal gift and estate tax exemption…
Continue reading2026 Tax Law Changes for Businesses
Here’s a sampling of some significant tax law changes going into effect this year: Increase of the Section 179 expensing limit…
Continue readingUnlock Bigger Deductions on Rental Real Estate
Many rental property owners are surprised to learn that federal tax law often restricts their ability to deduct losses, treating most rental activities as passive unless specific requirements are met.
Continue readingMake Smart Choices With a Sudden Windfall
An unexpected influx of money (such as from an inheritance, bonus, legal settlement or lottery win) can feel exciting and full of possibility.
Continue readingMore Taxpayers May Qualify for the Casualty Loss Deduction
Starting in 2026, personal casualty loss deductions will no longer be limited to federally declared disasters.
Continue readingHow Does the New Tax Deduction for Car Loan Interest Work?
Generally personal interest expense isn’t deductible. You might be able to deduct your car loan interest, but various rules and limits apply.
Continue readingLast-Minute Tax Strategy: Accelerating Deductions
Have you been claiming the standard deduction the last few years? If so, you may want to rethink that for 2025.
Continue readingThe Tax Implications of Remote Work
Remote work can offer advantages for both employers and employees. But it’s not without challenges, such as unexpected tax consequences.
Continue reading