Cryptocurrency investors, businesses, and brokers are about to face a major shift in tax reporting. Starting January 1, 2025, the IRS will require brokers and
When it comes to estate planning, business owners have unique considerations that go beyond personal assets. With the estate tax exclusion amount set at $13.61
Owning a home offers significant financial advantages, especially when it comes to taxes. Understanding which expenses qualify for deductions can make a substantial difference in
For many business owners, maximizing tax deductions is a key strategy to reduce taxable income and keep more money in the business. Itemized deductions, particularly
For business owners in the real estate industry, navigating the complex world of tax benefits can feel overwhelming. However, qualifying as a real estate professional
If you’re a business owner engaged in real estate, you’re probably familiar with the potential tax benefits of the Qualified Business Income (QBI) Deduction, which
As a business owner, staying informed about the tax implications of personal transactions—like the sale of your primary residence—can be crucial. The sale of a
In recent years, the short-term rental market has exploded, with platforms like Airbnb and VRBO offering property owners an easy way to generate income. However,
As a business owner, renting property to your own business might seem like a straightforward strategy. However, without proper tax planning, this approach can lead
When disaster strikes, such as a tropical storm or other unforeseen calamities, the damage to your investment property can be devastating. To make matters worse,
A recent U.S. Supreme Court ruling has sent ripples through the world of small business, with significant implications for how closely held businesses are valued
When it comes to selling your principal residence, understanding how to maximize the available tax breaks can make a significant difference in your financial outcome.
Investing in rental properties can be a lucrative endeavor, but it’s crucial for business owners to understand the tax implications that come with it. Whether
As a business owner, you’re likely always on the lookout for smart strategies to reduce your tax liability while supporting causes you care about. Charitable
Selling a rental property can be a lucrative move, but it also comes with a potentially significant tax burden. Fortunately, there are strategies available that
Aircraft ownership can be an attractive proposition for business owners, offering convenience, flexibility, and potential tax benefits. However, when structured through an S Corporation, the
Introduction Real estate investment can be a lucrative endeavor, especially when you leverage the right strategies. One of the most effective tools in a real
If you own a timeshare, understanding how to maximize tax deductions can be challenging, especially when you rent it out. The tax implications of owning