Tax Strategy Blog for Business Owners

Here’s a vehicle story that you will find of interest. Taxpayer DJ is in an IRS audit of his 2018 tax return. It is now at the IRS appeals level. The vehicle in question is an SUV with a curb weight of 5,700 pounds and a gross vehicle weight of 6,100 pounds. If the tax […]

This is an overview of the several tax benefits that were included in the American Rescue Plan Act recently passed by Congress that will impact families with children and lower-income taxpayers during 2021.

Do you own a second home at the beach, in the mountains, or some other getaway location, or are you thinking about buying one? If so, then you may have thought about the possibility of renting it out.

The tax law can jump up and bite you in unexpected places. One example of that is the nanny tax.

If you are recently divorced or are contemplating divorce, you will have to deal with or plan for significant tax issues such as asset division, alimony, and tax-return filing status.

Normally, unemployment insurance benefits are fully taxable for federal purposes.

Have you missed partying and having business meals with your prospects, customers, and employees?

Do you own business or investment property that has gone up in value? Would you like to acquire new property?

Disasters such as storms, fires, floods, freezes, and hurricanes can damage or destroy vital business records.