Key Takeaways Investors who used Opportunity Zones (OZs) to defer capital gains will face a potentially costly tax deadline in 2026. Deferred gains must be recognized by December 31, 2026, and reported on tax returns. The 5-year and 7-year step-up…
Did you know that in high-tax states like California, New Jersey, or New York, personal income tax alone can eat up more than 10% of your income? And that’s before federal taxes! It is no wonder more business owners are…
Every tax season, business owners and professionals search for ways to reduce their tax bills. As a result, a troubling trend has emerged online: fraudulent tax schemes spreading through social media. These scams lure people with claims of quick, guaranteed…
Why does it feel like a huge chunk of your profits just disappears every year to taxes? For many business owners paying over $100,000 in annual taxes, that feeling of a heavy, unavoidable burden is all too common. This is…
"When have I reached the point where I need more than just a tax preparer?" That’s a question on the lips of many business owners. Frankly, there’s no one-size-fits-all answer, and many struggle with determining whether investing in a dedicated…
Did you know that Tax Goddess just turned 21?!! (I know, I know, we look too young! ;p While today we are ranked among the top 1% of tax strategists in the U.S., it all began with something much smaller…
Congratulations! Your baby has a retirement account! Yes, you read that right. And no, it’s not a meme. On July 4, 2025, a sweeping federal law introduced a new type of tax-advantaged savings account for children, known as the Trump…
As a real estate agent, your days are filled with hustle–driving to client meetings, staging open houses, and sealing the deal on dream homes. And when tax season rolls around, all that hard work can translate into substantial tax savings…
The Hidden Tax Bite That Can Drain Your Profits You’ve worked hard to make that big sale, sold that investment property, or see your stocks soar, only to discover that the IRS has its hand in your pocket, ready to…
For years, retirees in Kansas faced a frustrating reality—unlike many other states, Kansas taxed Social Security benefits for those earning over $75,000 in adjusted gross income. That meant many middle- and high-income retirees were losing a portion of their hard-earned…
As a business owner, you’ve probably had that moment: staring at your tax return, wondering why your tax bill is so high, and if you’ve somehow jumped into a higher tax bracket that’s eating up more of your hard-earned money…
Taxes can present serious threats to wealth building. Without the right strategies, high-income earners and investors can lose a substantial portion of their earnings to unnecessary tax burdens. Fortunately, tax laws provide plenty of legal ways to reduce what you…
First, there was medical school, where you spent endless nights buried in textbooks while your peers in other fields enjoyed their early twenties with far less pressure. Then came residency, where 80-hour weeks became the norm, your social life took…
You’re rushing to file your taxes before the April deadline, scrolling through emails when you see a message from the IRS. It says your refund is on hold due to an issue with your return, and you need to click…
We’ve all been there—sitting at a coffee shop with a friend, chatting about life, and somehow, the topic of retirement comes up. Maybe it’s that moment when you realize: “Wait, do I even have a plan for this?!” Cue the…