by Andreina Rockstarr | Jul 22, 2025 | Articles
The passage of the One Big Beautiful Bill (OB3) Act brought about the biggest tax changes of the decade, and along with it came a flood of misinformation from all corners of the internet. One of the new provisions that has generated considerable buzz is the deduction...
by julio | Jun 26, 2025 | Articles
When preparing partnership and S corporation tax returns, practitioners must always consider changes in ownership and how that might affect the pass-through of income. Many tax software programs have special entries in their partnership or S corporation tax return...
by rachel | Jun 3, 2025 | Articles
Short-term rentals are a topic that stirs up much discussion among tax professionals. For property owners juggling short-term and long-term rentals, understanding how the distinctions impact depreciation can be the difference between compliance and costly errors. When...
by julio | May 21, 2025 | Articles
The S corporation tax structure is a favorite among small business owners. Pass-through treatment? Check. No self-employment tax on S corp profits? Check. However, the final consideration that many S corporation shareholders overlook is wages. Let’s talk about...
by rachel | Apr 30, 2025 | Articles
When it comes to upgrading a rental property, few projects raise more questions than kitchen remodels. At a glance, they seem like improvements—new cabinets, updated appliances, maybe a new layout. But under IRS rules, not all kitchen upgrades must be capitalized. In...
by rachel | Mar 20, 2025 | Articles
In recent years, there has been a rise in the number of losses resulting from scams. In our Update seminars, we have discussed the treatment of these losses, particularly as they relate to cryptocurrency. We believed that many of these scam losses qualified as...
