By Laura Dohanes, CPA | Founder, My CPA Pro | February 17, 2026 Laura Dohanes is a CPA with over 20 years of experience in tax strategy and compliance for business owners. She has represented over 3,000 clients in federal and state tax audits and is the founder of My CPA Pro, a tax strategy […]
Section 179 deduction limit 2026 is now $2,560,000 (with the phase-out threshold at $4,090,000). Did your CPA notice? The One Big Beautiful Bill became law in July. That was seven months ago. So let me ask you something: has your CPA changed anything about your tax plan since then? Because one of the biggest changes […]
USPS postmark rules for IRS filings used to feel simple: if it’s postmarked by the deadline, the IRS treats it as filed on time. It used to be that you could drop off your tax return at the post office on April 15 and you were safe. That’s no longer true thanks to newer U.S. […]
How to choose a tax advisor for your business often comes down to one thing: does the strategy actually fit? If you’ve been wondering how to spot cookie-cutter tax advice, here’s a quick “fit test” I’ve seen play out for 20+ years with business owners. Recently someone on my team ordered a custom tux made […]
Quick Answer Why do most tax strategies never get implemented? Based on my 20+ years implementing tax strategies for business owners, implementation fails because it requires coordination between multiple professionals (attorneys, CPAs, bookkeepers), state-specific compliance expertise, proper documentation, and ongoing maintenance. Most tax advisors specialize in strategy consultation but lack the systems, team, or liability […]
This is a strategy to offset the 28% gold collectibles tax using cost segregation and bonus depreciation. You bought gold years ago as financial insurance. Smart move. Now it's worth $4,888 per ounce—an all-time high. Your $500,000 investment is worth $1 million. Here's the problem: sell it, and the IRS wants $140,000 (28% collectibles tax). […]
Can AI do your taxes? Yes, if you have a simple W-2 and standard deduction. For business owners with multiple entities, multi-state operations, or complex structures, AI tax tools can model scenarios but cannot make strategic decisions based on your personal circumstances, timeline, or risk tolerance. AI tax strategy requires human oversight to interpret results […]
If you own rental property and want to scale, a 1031 exchange for rental property is one of the cleanest ways to defer federal tax on the gain and keep more equity working. Important scope and eligibility note: Under current law, Section 1031 applies only to real property held for investment or for productive use […]
Tax due diligence for alternative investments is the part that gets skipped when a deal is pitched as “safe” because a household-name firm approved it. Let’s talk about the “Big Firm” safety blanket. You might be sitting across from a financial advisor who has been in the game for 20 years. They are sharp. They […]