1. ERC Refund in 2026: One Great Way to Handle It If your business receives an Employee Retention Credit (ERC) refund in 2026 for wages paid in 2020 or 2021, you may have an important tax planning opportunity. Many businesses filed ERC claims years after they filed...
Select Answers on Augusta Rule Home Rentals to Your Corporation or Partnership The so-called Augusta Rule can create a valuable tax-saving opportunity for business owners who operate through an S corporation, a C corporation, or a partnership. Under this rule, you may...
Tax-Saving Tips Claim Motor Home Deductions Right—or Lose Like the Jacksons Did Here’s an important tax planning opportunity—and caution—regarding the deduction of a motor home used for business purposes. The Jackson case highlights that many taxpayers lose this...
Many business owners overlook a powerful strategy that allows them to pay family members, reduce taxes, and avoid payroll taxes altogether. You likely know the traditional approach: hire your child and put them on payroll. That strategy works well for younger children...
Tax-Saving Tips 1. Brutal IRS Trap Wipes Out Goodwill Clothing Deductions If you donate clothing or household goods to charity, there’s an IRS trap you need to know about. In a recent Tax Court case, a taxpayer lost a $6,760 charitable deduction—not because the...
Tax-Saving Tips USPS’s New Postmark Rules Set an Ugly Trap for Taxpayers For decades, taxpayers trusted a simple rule: If you mailed a tax return or payment by the deadline, the IRS treated it as timely filed. Recent U.S. Postal Service (USPS) practices have changed...
