$400,000. Same money. Wrong strategy. This Roth conversion strategy for business owners is not really about how much you save. It is about where that money ends up by the time you need it. Last week on my webinar, I shared my personal financial north star with attendees: by age 70, I want the wealth […]
Goodwill clothing donation deduction rules are stricter than most taxpayers realize. In Besaw v. Commissioner, the Tax Court disallowed a $6,760 noncash charitable contribution deduction even though the court appeared to accept that the donations were real. The problem was substantiation. John Besaw claimed the deduction on his 2019 return and attached Form 8283. But […]
Safe harbor 401(k) for business owners is not just a retirement topic. It is a plan design question that can affect how much you can contribute, how much your business can deduct, and how often your retirement strategy gets constrained by rules you are not actively thinking about. When did you last look at how […]
The ACA subsidy repayment 2026 rules are harsher than many taxpayers realize. If you buy coverage through the Marketplace and your income comes in higher than expected, the old repayment caps are no longer there. For business owners, early retirees, and anyone managing MAGI carefully, that changes the planning math in a big way. For […]
The qualified bicycle commuting reimbursement eliminated after 2025 is now the rule under the One Big Beautiful Bill Act (OBBBA). If you reimburse employees for bicycle commuting costs in 2026 or later, those payments are taxable wages to the employee—and the employer deduction is no longer allowed. Before this final change, the Tax Cuts and […]
If you received a CP53E notice (or you got your refund by paper check in the last filing season), this is the update you don’t want to learn the hard way. In past years, if your direct deposit failed—or if you didn’t want direct deposit—you could often default to a paper refund check and move […]
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 […]
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 […]