No jargon, no fear-mongering — just the real numbers and tradeoffs behind common tax decisions.
Same business, same profit — and a $24,500 difference in what you can contribute for 2026. The 2026 limits, a worked example at $150,000 of net profit, and why the setup deadline usually decides it.
New Jersey and New York have no reciprocal agreement, so you file two returns. How the convenience of the employer rule taxes your work-from-home days, and why the New Jersey credit is capped.
OBBBA kept the bigger AMT exemption but pulls it away sooner and twice as fast, starting at $500,000 of AMTI. What changed for ISO exercises in 2026, with a worked example and the levers you still control.
Roll the gain from an investment property into a new one instead of paying tax now. The 45- and 180-day clocks, boot, depreciation carryover, the qualified-intermediary rule, and the traps that turn a deferral into a taxable sale.
Section 199A is permanent now, with wider phase-in ranges and a new $400 floor. What counts as qualified business income, when the service-business rules shut you out, and the ceiling that quietly caps most owners' deductions.
Repairs vs. improvements, depreciation over 27.5 years, the QBI safe harbor, and the passive-loss rules that cap how much of a rental loss you can actually use this year.
"Reasonable salary" isn't a formula — it's a multi-factor test the IRS actually applies, with real cases where owners got it wrong. Here's how the test works and how to document a number that holds up.
Most rental losses are stuck behind the passive-activity rules. Short-term rentals are the exception — here's how the 7-day rule, material participation, and bonus depreciation work together, and where the strategy actually breaks down.
If you have income without withholding, the IRS wants tax paid as you earn it. Here's who has to pay, the safe-harbor number that keeps you penalty-free, the 2026 due dates, and how to pay.
An extension is time to file, not time to pay. Here's what the October 15 deadline really means for penalties and interest — and why filing on time matters even if you can't pay in full.
Stock options and RSUs can be the most valuable — and most confusing — part of a tech paycheck. Here's how each is taxed, the AMT trap, and the timing decisions that save real money.
You're clearing $80,000+ in net profit and someone mentioned electing S-Corp status. Here's what it actually means, the real numbers behind the savings, and when it's not worth the hassle.
Most business owners treat tax season like an annual fire drill. Here's the real difference between backward-looking compliance and forward-looking strategy — and which one your business needs.
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Prompt CPA