All Posts

Article Highlights: Basics of the Estate and Gift Tax Exclusion Estate and Gift Tax Exclusions: Key Adjustments Impact on...

Article Highlights : Draft List of Occupations: o   Beverage & Food Service o   Entertainment and Events o   Hospitality and Guest...

The tax and spending legislation signed into law on July 4 will reshape charitable giving incentives across donor segments. This analysis...

Choosing Between Standard Mileage and Actual Cost Methods When deducting vehicle expenses for business use, taxpayers have two primary...

The decision as to which type of business organization to use when starting a business is a major one. And, it's a decision to be...

Wondering how to start a nonprofit in Illinois? I have helped tons of nonprofits get started legally, including getting 501c3 status. I...

No matter how simplified the FAFSA gets, elements of it are still confusing. The CSS Profile, on the other hand, keeps getting more...

Key Takeaways: LLCs are pass-through entities, meaning business income is reported on owners' personal tax returns, avoiding double...

IRS Form 8832 allows you to choose how your business is classified for federal tax purposes, such as a corporation, partnership, or...

Retirement used to mean “done with the IRS.”But today? Retirement is less about working—and more about managing withdrawals, timing...

Article Highlights: The pre-OBBBA Era The Impact of OBBBA Limitations for High-Income Taxpayers Examples Illustrating the Limitations...

The year is moving fast, and it’s easy for financial goals to get lost in the shuffle. The good news? There’s still time to take...

Few things can rattle a business owner faster than seeing “Internal Revenue Service” on an envelope. The instinct is to panic. But the...

Article Highlights: Standard Deduction Increase Special Temporary Deduction for Seniors Child Tax Credit Qualified Small Business Stock...

Article Highlights: Historical Context Tax Benefits of Bonus Depreciation Qualification Criteria for Bonus Depreciation Qualified...

Article Highlights: Background When Can a Study Be Applied Applicable Property Benefits Downsides Cost vs. Reward Need for an Expert What...

Article Highlights Trump Accounts: o   Introduction o   Contribution Rules o   Distribution Guidelines o   Government Contributions...

When it comes to running a successful small business, every dollar counts. Yet every year, many owners miss out on valuable tax...

Tax season can be stressful, especially if you're worried about penalties. Whether you're an individual or a small business owner, IRS...