New Rules on “Covered Period” – Why is timing so important?
This post is focused on timing. Why is timing so important? From a tax-saving standpoint, not every dollar of deduction
Category: Loopholes
Categories
Recent blogs
PPP Forgiveness
Although the focus of this post is PPP forgiveness, the loan itself is a great deal. The payment terms are
Forget about “Simple.” It’s VALUE that counts.
Here is a common misconception: if a task is simple, it isn’t valuable. Don’t take this misconception lightly, as it
Tax Carryovers: Do Statutes of Limitations Force You to Live with Your Mistakes?
We have previously discussed the statute of limitations regarding tax audits when the taxpayer applies a net operating loss (NOL) to
Corporate Refund Claims With Minimum Tax Credit Perplex IRS
Corporations have been receiving refunds from carrying back net operating losses, but those taxpayers with alternative minimum tax implications in
The Pass-Through Entity Workaround to Beat the SALT Limitation
In the past year, several states have created a pass-through entity tax (PET) to circumvent the $10,000 cap for the
Tax Advantages of IRS Form 3115 – Request to Change…
What is Form 3115? According to the IRS, the form is filed “to request a change in either an overall
Commonly Asked Section 139 Plan Questions
Is there a cap on how much an employer can provide to an employee as a qualified disaster payment? No,
Qualified Disaster Payments and Code Section 139
What is a Qualified Disaster Payment? During these challenging times, laws have been passed to create relief for businesses and
TCJA’s Change in Definition of Small Business & What it Means for Clients
Did you know? The Tax Cuts and Jobs Act has amended the definition of a small business (Code Section 448).
Categories
Add Tax Planning to your practice!
Find out how to bring this high value service to your clients, and finally get paid what you're worth.
Watch our free webinar
6 specific strategies that improve your bottom line
over 100%