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Practical tax insights for working tax professionals.
Written by tax professionals for CPAs, EAs, and tax preparers.

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Self-employed health insurance deduction

Self-employed health insurance deduction

Self-employed health insurance deduction It seems like we’re getting a lot of questions both at our live seminars and via our Facebook group regarding the self-employed health insurance deduction. So, this…
Uh-Oh, I Forgot to File (or Filed Late) My Partnership or Subchapter S Corporation Return!

Uh-Oh, I Forgot to File (or Filed Late) My Partnership or Subchapter S Corporation Return!

Uh-Oh, I Forgot to File (or Filed Late) My Partnership or Subchapter S Corporation Return! The IRS late filing penalties start the first day after the return is due. So…
Let’s talk about Qualified Charitable Distributions.

Let’s talk about Qualified Charitable Distributions.

Let’s talk about Qualified Charitable Distributions. If I could show you a way for your ‘older’ clients to take money from their IRAs and not pay tax, would it be…
Your next stop…the Q Zone!

Your next stop…the Q Zone!

Your next stop…the Q Zone! You’re traveling through another dimension, a dimension not only of sight and sound but of tax. A journey into a wondrous land whose boundaries are…
Clearing up QBID Confusion

Clearing up QBID Confusion

Clearing up QBID Confusion Confused by the qualified business income deduction (QBID)? Well, if you weren’t confused enough already, there is another potential minefield that you may want to try…
How to avoid the same mistakes as last year with your tax clients

How to avoid the same mistakes as last year with your tax clients

Updated August 16, 2019 below in red. Many taxpayers were blindsided by the results of their 2018 tax returns. While for many, actual tax went down, their withholding went down…