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- January 1, 2023
When Cancellation of Debt (COD) Income Can Be Tax-Free
Sometimes debts can pile up beyond a borrower’s ability to repay, especially if we are heading into a recession. But…
- December 1, 2022
$80 Billion to the IRS: What It Means for You
You may have noticed that the IRS is in a bad way. It has a backlog of millions of unprocessed…
- November 1, 2022
Last-Minute Year-End General Business Income Tax Deductions
The purpose of this letter is to get the IRS to owe you money. Of course, the IRS will not…
- October 1, 2022
Say Goodbye to 100 Percent Bonus Depreciation
All good things must come to an end. On December 31, 2022, one of the best tax deductions ever for…
- September 1, 2022
Earn 9.62 Percent Tax-Deferred Interest with Series I Bonds
Inflation is seldom a good thing. But when it comes to investing, the U.S. Treasury Department has an inflation opportunity…
- August 1, 2022
Claim Your 2020 and 2021 ERC Now (Yes, in 2022)
During much of 2020 and 2021, you may have qualified for the Employee Retention Credit (ERC). Lawmakers created this tax…
- July 1, 2022
Self-Employment Tax Basics
If you own an unincorporated business, you likely pay at least three different federal taxes. In addition to federal income…