Benefits of filing a gift tax return aren’t obvious—because most people who file Form 709 never pay gift tax. But if you make a reportable gift, the return is the IRS “paper trail” that protects you (and your future estate) in ways most taxpayers don’t think about. Let’s break down what a gift tax return […]
The IRS paper refund checks phaseout is officially underway. Beginning September 30, 2025, the IRS started phasing out paper refund checks for individual taxpayers as part of a broader federal push toward electronic payments. Here’s what’s changing, what’s not changing, and what you should do now so you don’t trigger unnecessary delays when you’re expecting […]
2025 Section 199A deduction strategies matter more than ever for business owners this year. The Section 199A qualified business income (QBI) deduction is still one of the most powerful tax breaks available to owners of pass-through businesses. Thanks to the One Big Beautiful Bill Act (OBBBA), the 20% QBI deduction is now permanent instead of […]
1. My Transylvanian Roots: Lessons in Resilience As a tax partner for business owners, I often get asked where my no-fear attitude toward the IRS comes from. I was born in Transylvania, Romania — yes, that Transylvania. A region that’s been conquered, partitioned, rebuilt more times than I can count. The people there are survivors: […]
Congress loves acronyms, and this year two of them can make quite an impact on the business owner’s wallet: Opportunity Zones (OZs) and Energy Community Zones (ECs). When comparing Opportunity Zones vs Energy Community Zones, it’s easy to mix them up. Yet, each offers a distinct path to lower your taxes — one through reinvestment […]
Due diligence in investing often gets overlooked when opportunities sound exciting and the people involved seem credible. But skipping it can cost far more than money—it can shake your confidence and leave scars that take years to recover from. Trust should not be given easily. I remember sitting across from a couple who owned a […]
Asset protection for business owners works best when it’s integrated with a proactive tax strategy. In this webinar, we show how entities, operating agreements, trusts, insurance, and documentation fit together to protect what you’ve built—while keeping taxes efficient and audit-ready. Watch the full replay, review speaker highlights, scan the live Q&A, and download the companion […]
Business asset protection strategies are about more than forming an LLC. In his session from our Tax Strategy & Asset Protection for Business Owners Webinar, Aron Young explains why entity choice, documentation, and daily habits make or break your protection plan. With over three decades of experience helping entrepreneurs structure and grow companies, Aron lays […]
Tax strategy and asset protection for business owners go hand in hand. In this session from our Tax Strategy & Asset Protection for Business Owners Webinar, Laura Dohanes, CPA and founder of My CPA Pro, explains how to integrate entity structuring with proactive tax planning. She shows why documentation, timing, and intercompany agreements are the […]