Demystifying Partnership Taxation: How are Partnerships Taxed?
Understanding partnership taxation concepts like basis, distributions, and pass-through treatment is key for properly reporting partnership
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Emily Williams
Aug 31, 20238 min read
Getting the Most Out of Your Employee Stock Options: A Guide to Incentive Stock Options
An incentive stock option (ISO) gives employees the right to purchase company stock at a discounted price, known as the strike price.
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Caleb Thornton
Aug 31, 20233 min read
Rental Property Taxation Guide: Understanding Income, Deductions, and Strategies
Mastering the intricacies of rental property taxation can empower investors to maximize returns.
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John Summers
Aug 1, 20236 min read
Cut Your Small Business Tax Bill in Half: 16 Smart Tax Planning Strategies for 2023
Running a small business comes with complex tax obligations, but there are many legal steps you can take to slash your tax bill by 50% or mo
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Caleb Thornton
Jul 10, 20236 min read
The Power of 1031 Exchanges: How to Defer Capital Gains Tax on Investment Property Sales
With proper planning, a 1031 exchange can unlock huge savings compared to selling outright and paying capital gains tax immediately.
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John Summers
Jul 4, 20234 min read
Get Ahead of the Taxman: A Guide to Estimated Tax Payments
Missing or underpaying estimated taxes will result in underpayment penalties when you file your return. But several strategies can help...
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Emily Williams
Jun 29, 20238 min read
Restricted Stock Unit (RSU) Taxation Explained: Rules and Planning Strategies
With the right planning, RSUs can provide significant income and wealth-building opportunities. But you need to proactively manage tax..
110 views
John Summers
Jun 23, 20237 min read
The Savvy Taxpayer’s Guide to Capital Gains Tax Rates
Being able to earn investment profits taxed at lower capital gains rates rather than ordinary income rates allows you to keep more...
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John Summers
Jun 20, 20237 min read
Paying Yourself as an S-Corp & Determining a Reasonable Salary (Updated for 2024 With Calculator)
The primary advantage is bypassing self-employment tax on distributions, which represent your share of profits.
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John Summers
May 26, 20234 min read
Deducting Business Losses: How Legal Structure Impacts Your Tax Return
For partnerships and sole proprietorships, business losses flow through directly to owners' personal tax returns, while limitations apply...
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John Summers
May 15, 20235 min read
The Complete Guide to Schedule C: Everything the Self-Employed Need to Know
If you're self-employed, freelance, or run your own small business, chances are you need to file a Schedule C with your annual tax return to
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Emily Williams
Apr 19, 20235 min read
RSU Tax Rules - 17 Frequently Asked Questions
Navigating the tax implications of your employee RSU compensation can be tricky, but proper planning is key to avoiding penalties.
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Caleb Thornton
Apr 12, 20236 min read
17 Investment Real Estate Tax FAQs
How do 1031 exchanges work and what tax benefits do they offer?
A 1031 exchange, also known as a like-kind exchange, allows you to defer cap
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John Summers
Feb 15, 20232 min read
Tax Efficiency Benefits: LLC to an S-Corp Conversion
Guided by seasoned tax professionals, Ashley embarked on the journey of converting her LLC to an S-Corp, capitalizing on pass-through taxati
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Caleb Thornton
Jan 12, 20232 min read
Leveraging Depreciation for Wealth: Unveiling Private Real Estate Tax Benefits
The realm of private real estate investment presents a plethora of opportunities beyond property ownership. Among these, the concept of...
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John Summers
Dec 9, 20224 min read
19 FAQs For Anyone Considering Converting To An S-Corporation - Everything You Need To Know
S-corp owners can claim ordinary and necessary business expenses as deductions, just like other business structures.
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Emily Williams
Nov 21, 20223 min read
Demystifying RSUs: A Deep Dive into Tax Implications and Financial Planning Strategies
Vesting is a critical aspect of RSUs, affecting both ownership and taxation. When RSUs vest, they are subject to income tax and payroll taxe
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Emily Williams
Oct 28, 20222 min read
Empowering Financial Growth: The 83(b) Election and Equity Compensation
In the ever-evolving landscape of compensation, equity-based rewards have gained significant traction. Among the intricacies of equity...
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Caleb Thornton
Oct 19, 20223 min read
Unlocking Tax Benefits: How Real Estate Investing Can Transform Your Finances
Real estate investing holds a unique allure for financial growth, and it's not just about property appreciation. Beyond the tangible...
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John Summers
Oct 18, 20224 min read
Advantages and Disadvantages of S Corporations in Business Taxation
S corporations strike a harmonious balance between tax advantages and operational adaptability. Their hallmark, pass-through taxation, liber
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