LATEST NEWS
Beware of Spooky Nonprofits: Tricks, Not Treats
As Halloween creeps up tomorrow, we’re reminded that not all
S Corporation reasonable officer salary reminders
As discussed often, the S Corporation requires the officer to have a reasonable salary (w2). The reasonable requires
Limited partners not subject to self-employment tax unless…
In a common partnership, you will find a) general partners - running the business and responsible for the
Cost Segregation – How it works and when to use
Cost Segregation is one of the big words use by tax gurus and tax strategists to potentially make
Overfunded 529? You can roll up to $35k to a Roth IRA
Thanks to the Secure Act 2.0 passed in 2022, there is another option for the overfunded 529 starting
MORE NEWS
The IRS recovered $4.7 billions but how much Government loses due to inefficiency
Back in December 2024, the IRS released IR-2024-310 indicating that billions of dollars were recovered. The IRS indicated that "... The IRS
Retirement options for a non working spouse
In many couples, there is one spouse that might not be working at a w2 job or being self-employed. The "non working"
What to know about Qualified Opportunity Zones
The Qualified Opportunity Zones (QOZs) were established at the Federal level in the Tax Cuts and Jobs Act of 2017. Note that