Category: Tax Strategy
A Health Savings Account (HSA) can save you money on medical expenses such as doctor’s visits, prescriptions, and other qualified medical…
Should you hire your children to work in your business?
I want you to stop for a moment and imagine shifting some of your taxable income to a zero…
How the IRS interprets taxing rebates, points, and rewards can be confusing, at best. For example, your credit card rewards may be taxable income.…
The Qualified Opportunity Zones tax incentive to promote growth in low-income zones begins to take on a mythical feel. Nearly 60% of American zones…
Tax gaming, tax avoidance and tax evasion. Legal or illegal? Although all sound ominous, they’re not all illegal, but they’re all…
The IRS blended tax rate is the result of a provision in the Tax Cuts and Jobs Act (TCJA) in which a corporation with a fiscal year that includes…
A single-member or multi-member limited liability company (LLC) is a great entity structure for new business owners seeking added personal liability…
A reverse mortgage is a home equity conversion mortgage (HECM). It also provides a loan available to seniors 62 years or older, complete with closing…
The 529 Savings Plan, once generally referred to as the 529 college plan, has become much more than money set aside for a child’s future educational…