Tax Resources

Myth: Rent Furniture to Your Corporation to Save on Taxes
This one comes up a lot, so let us clear it up. The idea is that you personally buy office furniture, then rent it to

Yes, You Can Depreciate a Classic Car Used in Business
Here is one that surprises people. If you use a classic or antique car in your business, you may be able to depreciate it just

Received an ERC Refund in 2026? Read This First
If your business is finally receiving an Employee Retention Credit refund in 2026 for wages you paid back in 2020 or 2021, there is a

The Home-Office Deduction for Three Square Feet
Plenty of business owners skip the home-office deduction because they figure their space is too small to count. The tax law says otherwise. A home

Rental Owners: How to Unlock Suspended Passive Losses
If you own rental real estate, you may be sitting on passive losses that have been suspended for years. You cannot deduct them against other

S-Corporation Owners: Your 2026 Health Insurance Deduction, Done Right
If you own more than 2 percent of an S corporation, here is some good news: the rules for deducting your health insurance have not

The 2026 Section 199A Deduction Is Now Permanent
For years, the 20 percent qualified business income deduction came with an expiration date hanging over it. Starting in 2026, that uncertainty is gone. The

How to Sign Up for a Trump Account: A Step-by-Step Guide for Parents
Learn how to sign up for a Trump Account for your child: eligibility, the $1,000 seed deposit, Form 4547, contribution limits, and tax rules.

What’s new for 2025 – Individual & Family Tax Provisions
Updated for Tax Years 2025–2028 Overview The One Big Beautiful Bill Act (Public Law 119‑21), signed into law on July 4, 2025, introduced major tax