When Does the IRS Pursue Criminal Charges?
May 21, 2025Key Takeaways: Most IRS interactions are civil, but willful violations of tax law—such as fraud, evasion, or false returns—can lead...
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How LLC Owners Should Pay Themselves to Minimize Taxes
May 20, 2025Choosing how to pay yourself as an LLC owner is one of the most important financial decisions you’ll make as...
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Federal Tax Treatment of LLCs
May 19, 2025Starting a business can be an exciting venture, but it also comes with numerous financial and legal considerations. One crucial...
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What is a SEP IRA?
May 17, 2025A Simplified Employee Pension Individual Retirement Account, commonly known as a SEP IRA, is a retirement savings plan designed for...
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The Tax Consequences of Winning the Lottery or a Big Prize
May 16, 2025Winning the lottery or a big prize can be lifechanging, whether it’s a multimillion-dollar jackpot, a luxury car, or a...
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The IRS Identity Protection PIN: Should You Get One?
May 15, 2025Tax season can be stressful enough on its own, but for many, it comes with an added worry: identity theft....
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Real Estate Agent Tax Tips: How to Maximize Your Deductions
May 14, 2025Real estate agents often enjoy the benefits of a flexible schedule, unlimited earning potential, and the satisfaction of helping clients...
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Hidden Costs of Moving to a No-Income-Tax State
May 13, 2025The promise of a state with no income tax can be incredibly appealing—especially for individuals coming from high-tax states like...
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Depreciation Schedules for Business Assets
May 12, 2025Depreciation is a common accounting method used by businesses to allocate the cost of their assets over time. To effectively...
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Tax Differences Between Short-Term and Long-Term Rentals
May 11, 2025The taxation of long-term and short-term rentals can differ significantly. These differences are primarily driven by the distinct nature of...
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