Articles

Roth 401K and Roth IRA Accounts

March 18, 2023

This article will discuss some of the benefits of Roth 401K and Roth IRA accounts and determine which type of account is best for your

Section 179 depreciation and MACRS Depreciation Categories

March 4, 2023

Section 179 and MACRS are two very important depreciation categories that can allow businesses to rapidly depreciate assets in the first year to enjoy tax

Depreciation under the TCJA, including Bonus Depreciation

March 2, 2023

It is crucial for small business owners to be aware of some of the new changes in the Tax Cut and Jobs Act ( TCJA),

When Does the IRS Consider my Money-Making Busines a Hobby?

March 17, 2021

There often is a fine line between having a hobby that makes a little money and a business that shows little profit. While it likely doesn’t make much difference to you whether you are pursuing an activity as a hobby or business, it can significantly impact your federal income tax bill.

President Biden’s Tax Plan Could Raise Taxes on Corporations and the Wealthy

March 2, 2021

It was not the centerpiece of his campaign, but President Joe Biden took office in January touting a tax plan that he says will help

Portability Ensures that Couples Receive Full Benefit of their Estate Tax Exemptions

January 15, 2021

The term “portability” describes a provision added to the federal estate tax law in 2010 that allows the surviving spouse’s estate to take advantage of

Articles

Roth 401K and Roth IRA Accounts

Section 179 depreciation and MACRS Depreciation Categories

Depreciation under the TCJA, including Bonus Depreciation

When Does the IRS Consider my Money-Making Busines a Hobby?

President Biden’s Tax Plan Could Raise Taxes on Corporations and the Wealthy

Portability Ensures that Couples Receive Full Benefit of their Estate Tax Exemptions

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