Understand how to reconcile healthcare premiums with IRS Form 8962, the importance of accurate reporting, and the impact on your tax credits.
Read More
Small Business Tips
Learn about IRS certified letters, including common reasons for receiving one, how to respond, and the importance of timely action.
Explore Section 1231 assets, the tax benefits of gains and losses, and how they can impact your business’s taxable income.
Discover the purpose of IRS Form 4506-T for requesting tax transcripts, its uses for loan applications, and verifying income information.
Avoid penalties with Form 1125-E by understanding the requirements for reporting compensation of officers and ensuring compliance with tax regulations.
Navigate capital gains tax in California, understanding rates, exemptions, and strategies to minimize your tax liability on investment income.
Unpack the 2% tax rule, its effects on miscellaneous itemized deductions, and what the tax reform means for personal and business taxes.
Essential steps and considerations for hiring your first employee, from tax obligations to legal requirements, ensuring a smooth process.
Use the safe harbor rule to avoid IRS underpayment penalties, including eligibility criteria, calculation methods, and strategic tax planning.
Determine if your rental income qualifies for the QBI deduction, including eligibility criteria, limitations, and strategic considerations for landlords.