Deduction

A Guide to the Business Pass-Through Deduction

The Section 199A pass-through deduction, also known as the Qualified Business Income (QBI) deduction, offers significant tax savings for eligible business owners. This deduction allows certain individuals to deduct up to 20% of their qualified business income from domestic businesses operated as a sole proprietorship, partnership, S corporation, trust, or estate.
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IRS

IRS Shifts to Paperless Refunds: What This Might Mean for You

In a move set to redefine the refund process, the Internal Revenue Service (IRS), in collaboration with the U.S. Department of Treasury, has announced the gradual phasing out of paper tax refund checks starting September 30, 2025, as mandated by Executive Order 14247.
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A Smarter Way to Read Your Business’s Health: The Balance Sheet Deep Dive cover

A Smarter Way to Read Your Business’s Health: The Balance Sheet Deep Dive

Starting a business is more than revenue and expenses—it's about knowing what you truly own, what you owe, and what your venture is worth. That’s where a balance sheet comes in: a snapshot that tells the story of your business’s financial condition in a single glance.
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Tax Break for Businesses: 100% Bonus Depreciation is Back cover

Tax Break for Businesses: 100% Bonus Depreciation is Back

The reinstatement of bonus depreciation is a critical component of recent U.S. tax legislation aimed at fostering economic growth.
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New 2025 Overtime Tax Deduction: What Workers Need to Know Under the OBBBA cover

New 2025 Overtime Tax Deduction: What Workers Need to Know Under the OBBBA

The recent passage of the One Big Beautiful Bill Act (OBBBA) marks a significant shift in the tax landscape, bringing with it a range of changes aimed at easing the financial burden on American workers.
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Tax

Is Your Business Overpaying Taxes? 3 Mid-Year Moves That Could Lower Your 2025 Bill

You know that moment in April when you look at your tax bill and think: “We could’ve done something about this... if we’d only planned earlier.” Well, this is earlier.
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Married, Successful, and Overpaying? Tax Planning Strategies for High-Income Dual-Income Households cover

Married, Successful, and Overpaying? Tax Planning Strategies for High-Income Dual-Income Households

You both worked hard. You both climbed your career ladders. And now you’re living in that post-promotion, post-bonus, equity-vesting glow. Until tax season slaps you with a surprise. And suddenly, you’re asking the same question we hear every year: “How are we making this much… and still writing a five-figure check to the IRS?”
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Penalty Abatement

Navigating IRS Penalty Abatement

For taxpayers facing IRS penalties, understanding the pathways to request penalty abatement can provide relief both financially and emotionally. From reasonable cause abatement to First-Time Abatement (FTA), this article explores these options, detailing the qualifications, processes, and considerations essential for crafting a successful request.
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