Congress Closes the PayPal 1099-K Reporting Loophole
When Congress passed the American Rescue Plan Act in March, it made a little-noticed change in the tax reporting rules that will make it almost
When Congress passed the American Rescue Plan Act in March, it made a little-noticed change in the tax reporting rules that will make it almost
As you know, tax credits are the best. Suppose your business hires a member of a targeted group. In that case, you can claim the
When you know the rules related to business mileage, you protect yourself in the event of an IRS audit, and pay less tax. Take Henry,
Question I’m a CPA in private practice. Please help me clarify my lifelong question regarding rental real estate and the entity structure that would allow
Your office burns to the ground in a fire. You barely escape with your life. Everything in your office is destroyed, including all of your
The federal Rehabilitation Tax Credit, or rehab credit, offers significant financial incentives for owners or leaseholders of historic buildings to renovate those structures. What’s the
You take Bill, your best customer, to the local country club and treat him to 18 holes of golf. The golf produces a zero deduction.
As a subscriber, you know that we try to find multiple ways for you to legally deduct 100 percent of your business meal expenses versus
The Tax Cuts and Job Acts (TCJA) tossed an unwanted rule in Section 1031 by forbidding exchanges of personal property. But before we move on,
Have you missed partying and having business meals with your prospects, customers, and employees? Well, get ready to start again. Soon, COVID-19 will behind us.
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