How to Avoid the 3.8% Net Investment…
If you’re a real estate seller who’s an investor, you’re likely thinking about your capital gains, but you need to…
If you’re a real estate seller who’s an investor, you’re likely thinking about your capital gains, but you need to…
If you’re a high earner, a doctor, executive, entrepreneur, or dual-income couple, you’ve probably hit a frustrating money wall: your…
Since remote work and flexible schedules remain the norm, more entrepreneurs and business owners are setting out on the road,…
The death of wrestling legend Hulk Hogan (Terry Gene Bollea) on July 24, 2025, in Clearwater, Florida, shocked sports and…
Why Jimmy Buffett’s Estate Made Headlines Jimmy Buffett was more than the man who wrote “Margaritaville.” He was a cultural…
In the pursuit of smart tax planning, nothing is more frustrating than discovering that a timely switch costs you more…
Wealth transfer may be the best way to create your legacy, provide for loved ones, and further charitable objectives. Donating…
Every April, Augusta, Georgia, becomes the epicenter of the golf world as thousands of fans descend upon the city for…
When it comes to owning rental real estate—whether residential or commercial—understanding depreciation is one of the most powerful ways to…
Charitable giving is an essential component of wealth management, offering high-net-worth individuals the opportunity to support meaningful causes while optimizing…
Federal employment taxes, including Social Security and Medicare taxes, can be a significant financial burden for employees, employers, and self-employed…
By T.L. Turnipseed, JD, LLM. Irrevocable Defective Grantor Trusts (IDGTs) are a sophisticated estate planning tool that can offer significant…
Reducing your taxable Social Security income can lower your future Social Security benefits. However, if you invest the tax savings…
Many people don’t give much thought to long-term care insurance—but they should. The financial burden of chronic illness or disability…
For businesses with multiple owners, trust is essential—but as one unfortunate case illustrates, blind trust can be financially devastating. The…
Many business owners dream of spending winters in Florida and summers in Massachusetts while maximizing their tax benefits. With proper…
Many professionals, including CPAs, attorneys, and business owners, join civic organizations such as the Lions Club, Rotary, Kiwanis, Masons, and…
If your company has a buy-sell agreement that uses life insurance to redeem shares upon an owner’s death, a recent…
Personal property rentals—including equipment, vehicles, and furniture—are treated differently from real estate rentals for tax purposes. Depending on how the…
Each year, the average taxpayer receives a tax refund of approximately $3,200 due to over-withholding, overpayment of estimated taxes, and…
When investing in a traditional individual retirement account (IRA), most people expect tax advantages: a tax deduction upon contribution and…
Charitable giving is a powerful tool for financial planning, allowing individuals and families to reduce taxable income, address estate tax…
For business owners, entrepreneurs, and self-employed individuals, understanding how to maximize tax deductions is crucial for improving profitability. One of…
The IRS has provided an important update regarding how businesses can dispute the disallowance of their Employee Retention Credit (ERC)…
Personal property rentals, such as renting out equipment, vehicles, or furniture, are taxed differently than real estate rentals. Understanding how…
The tax and accounting industry is a crucial part of financial management for both individuals and businesses. While most people…
Did you receive a bill from the IRS stating that you owe a penalty? Before you pay it, take a…
Owning a pet is a rewarding experience, but it can also be costly. On average, pet owners spend between $1,270…
Marriage is a deeply personal decision, but it also has significant financial and tax consequences. While love should be the…
Missing an estimated tax payment can lead to penalties, but there are ways to minimize or even avoid the financial…
Selling your home can be a lucrative endeavor, especially when you qualify for the tax-free home sale exclusion. However, knowing…
If you’ve inherited an individual retirement account (IRA), staying up to date with the IRS’s latest regulations is crucial. Starting…
When engaging in frequent real estate transactions, it’s crucial to determine whether you fall into the category of a real…
Many real estate investors who achieve tax code–defined real estate professional status wonder if they can immediately unlock previously suspended…
As a small-business owner, understanding key tax deduction rules can unlock significant savings on your tax bill. By strategically utilizing…
Donating to charity isn’t just about giving—it’s also a smart tax strategy. While most people think of cash donations, in-kind…
The IRS and Treasury Department have just issued final regulations under Section 752, fundamentally changing how partnerships allocate recourse liabilities…
When it comes to rewriting the rules of taxation and government spending, few legislative tools are as powerful—and as misunderstood—as…
Many small business owners grapple with the question, “Should I put myself on the payroll?” The answer is not as…
When it comes to managing your finances, hiring a Certified Public Accountant (CPA) or tax professional is crucial. But how…
