Filing a Tax Extension Isn’t Bad; It Is Actually a Smart Move
There’s this idea floating around that if you file an extension, its a “bad thing” or that the IRS is going to come knocking. Not
There’s this idea floating around that if you file an extension, its a “bad thing” or that the IRS is going to come knocking. Not
Every year a common question is: “Why do I need to make estimated payments?” Typically followed by, “How much do I need to pay in?”
Whether you call it the “14-day rental rule,” “Section 280A(g) exclusion” or the “Augusta Rule,” the IRS actually allows taxpayers to rent out a personal
With a little bit of planning, you can combine personal & business travel and get some partial tax write-offs. While the IRS allows certain deductions
Thanks to H.R.1, better known as the “One Big Beautiful Bill Act,” the use of funds from 529 plans has been expanded to benefit homeschoolers!
I have been doing a series on my favorite ways to defer capital gains, and wanted to highlight one more option. While I wouldn’t go
Overview:Another great way to defer, and partially eliminate, capital gains is Qualified Opportunity Zones (QOZ). These are designed to encourage investment in particular economically distressed
Overview: If you’re selling an appreciated asset you’ve owned for a while you’re likely facing a large capital gain on the sale. One strategy for
If you have sold real estate and are potentially facing capital gains taxes, there are ways to defer those taxes. A 1031 like-kind exchange lets
“I don’t want to make more money because I’ll end up in a higher tax bracket and lose more to taxes!” This is a common
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