If you think you know all about the Inflation Reduction Act and all it comes with, this one might surprise you. Have you heard of the Corporate Alternative Minimum Tax (CAMT)? The CAMT is a tax on the adjusted financial…
One of the joys of entrepreneurship is the amount of freedom it affords you to make key decisions exactly how and when you want to. For sure, being in the driving seat is exciting, bringing a sense of control and…
So you heard that the real estate industry is a gold mine, and you've been considering owning more than just a home. It's time to look into rental properties and create multiple income streams to create financial security for you…
It is no secret that many consider real estate one of the safest investments in the United States. However, the emergence of real estate taxes as a financial burden or obligation for real estate investors and homeowners has somewhat tempered…
In light of so many surprises and tax law changes, it's always best to stay prepared. Yesterday was tax issues from payment apps; today, it's the tight restrictions on ERC claims, and tomorrow might be a different story. What's with…
When you run scared at the mention of ERC, you have the right to. What’s with the aggressive ERC marketing? If you didn’t get the gist yet, it’s the fact that some tax professionals have been using aggressive marketing tactics…
Is there any time of the year you don’t worry about taxes? If you’ve paid your taxes this year, you’ll worry about paying them next year. If you still owe taxes, you’ll worry about how to get them paid, and…
Most savvy entrepreneurs and business owners – if not all – do not enjoy parting with their hard-earned money during tax season. But guess what could make paying taxes even more exasperating? Unexpected tax penalties due to compliance missteps. With…
Did you know that according to a report by the Investment Company Institute, Americans have about $7 trillion invested in 401(k) as of the first quarter of 2023? Also, the average 401(k) contribution stands at 7% of total employee income. …
We all love free things, clearance sales, discount sales, two for the price of one, big sales, back to school sales. But imagine buying things from the store without having to pay sales taxes. Wouldn’t that be nice? That’s what…
When it comes to paying taxes, there are two types of people- those who do their taxes themselves to save money and those who prefer to hand over the difficult task to a CPA or tax software to save time…
As a savvy investor, understanding the tax implications of your investment and implementing the appropriate tax strategy is vital for protecting your wealth. And this is especially the case if you are an investor looking to claim tax exemptions on…
The Powerball lottery jackpot soared to $1.08 billion in July. Sold in California, this is the third-highest prize in Powerball history. To this day, $2.04 Billion remains the largest lottery prize in U.S. history. Winning a massive $1.08 billion Powerball…
Have you seen anyone that likes overpaying taxes? We haven’t too, but we’ll let you know if one crosses our radar. On the other hand, one thing that's always on our radar is how to save you more tax money!…
The Senate recently approved about $80 billion in IRS funding, with $45.6 billion for “enforcement.” The IRS also plans to hire 87,000 employees over the next ten years. This has raised many questions about who may be targeted for future…