Filing Deadline · Business & Individual Tax Time Is Running Out: What Waiting on Your Tax Appointment Actually Costs You ZSS CPAs The Real Deadline Behind the Deadline An extension buys time to file. It
The One Big Beautiful Bill Act permanently extended the Section 199A QBI deduction — giving pass-through business owners a stable 20% deduction with no sunset. Here's what changed, who qualifies, and how to maximize it
High-income earners are often limited in their ability to offset W-2 or business income with rental real estate losses—but Real Estate Professional Status (REPS) changes the game. This expert-level tax strategy allows qualifying individuals to
High-income earners are often limited in their ability to offset W-2 or business income with rental real estate losses—but Real Estate Professional Status (REPS) changes the game. This expert-level tax strategy allows qualifying individuals to
High-income earners are often limited in their ability to offset W-2 or business income with rental real estate losses—but Real Estate Professional Status (REPS) changes the game. This expert-level tax strategy allows qualifying individuals to
On January 31, 2024, the U.S. House of Representatives passed the Tax Relief for American Families and Workers Act of 2024, introducing significant tax changes that are poised to benefit business owners and real estate
The new QBI deduction, created by the 2017 tax reform law, allows many owners of sole proprietorships, partnerships, S corporations, trusts, or estates to deduct up to 20 percent of their qualified business income. Eligible
You may have heard of a living trust that’s created while you are still alive. It can be set up as a revocable trust, permitting you to change the terms of the trust or to
When it comes to tax-related identity theft, there are two victims — the taxpayer, who may not receive the refund he or she earned, and the IRS, which may be the first to detect the
The Tax Cuts and Jobs Act affected a variety of calculations, and the tax liability differences between married and single taxpayers is a complex story. As the Tax Foundation notes: “One unintended feature of the
