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Blog

Business Tax Benefits
Avoiding Tax Pitfalls of Aircraft Ownership in an S Corporation

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 tax implications can become complex

Taxes
What Does Kamala Harris’s Tax Plan Look Like?

Vice President and presumptive Democratic presidential nominee Kamala Harris has a history of supporting more substantial tax increases on businesses and individuals compared to President Biden. While both have targeted

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Innocent Spouse
Innocent Spouse DENIED by Tax Court

When taxpayers file a joint tax return, both spouses are jointly and severally liable for the entire tax due. However, there’s an exception if fraud is involved, allowing tax liability

Tax Law Updates
The Mailbox Rule: A Closer Look at the Pond Case

In the world of tax law, the “mailbox rule” has long been a cornerstone principle, providing clarity and predictability for taxpayers and tax professionals alike. However, a recent case, Pond