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Image of a young man sitting in front of a laptop. The person is smiling and looking at the viewer. He has a suit and tie on. He is in a white office space room. He is young and new to the workforce. He is employed by family and paid as a tax saving strategy.

A Little-Known Way to Pay Family and Save on Taxes

Many business owners overlook a powerful strategy that allows them to pay

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$12,000 Door Replacement: Repair or 39-Year Asset?

When a five-figure commercial building expense hits your desk, the first question

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Late Filing Costs Estate $1.5M—Will Yours Be Next?

With today’s $15 million federal estate and gift tax exemption ($30 million

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Image of a parent who is a small business owner. He is a father wearing a white t-shirt holding an infant baby in his arms. He is looking at an open laptop. Reviewing his childcare tax credit options. There is text saying 50% credit and business owners.

How One-Owner Businesses Win with the New 50% Childcare Credit

Beginning in 2026, the One Big Beautiful Bill Act increases the employer

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How a $7,970 Tax Case Cost the IRS an Extra $34,081

Fighting the IRS can be extremely time-consuming and expensive. A qualified offer

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SE Rules for Converting a Business Vehicle to Personal Use

Tax Rules for Converting a Business Vehicle to Personal Use If you

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Image of a persons hands outstretched holding a glass jar with coins in it. The jar is labeled charity. It symbolizes a charitable donation. There are the words IRS trap! Donations Lost on the graphic. Telling the reader to save their deductions.

Brutal IRS Trap Wipes Out Goodwill Clothing Deductions

If you donate clothing or household goods to charity, you could lose

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OBBBA Drives Final Nail into Bicycle Commuting Deduction

Congress has officially pulled the plug on the federal tax break for

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When Family Ties Cause Tax Trouble

Family relationships and overlapping ownership can quietly sabotage well-intentioned tax planning. Internal

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This One Mistake Can Make Your QCD Fully Taxable

Many charitably minded individual retirement account (IRA) owners use qualified charitable distributions

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OBBBA Supercharges the Employer Childcare Credit for 2026

The One Big Beautiful Bill Act (OBBBA) dramatically expanded the employer childcare

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Husband-and-Wife LLC—Do They Have to File a Partnership Return?

Many couples form a married couple LLC to hold rental property and

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