Tax Strategies

Yes, the April 15 tax deadline is now behind us. But there are also deadlines during the rest of the year that are important to be aware of. To help you not miss any, here’s when some key tax-related forms, […]

Businesses that own commercial real estate property may be sitting on an overlooked treasure chest of tax savings – and a cost segregation study can be the key to unlocking it. This is a strategic tool that combines accounting and […]

The passive activity loss (PAL) rules may limit your ability to deduct losses from a business structured as a limited liability partnership (LLP) or limited liability company (LLC). Depending how your ownership interest is treated under these rules, you may […]

Setting the Stage Many taxpayers are familiar with the inevitable feeling of dread when opening their mailbox to a letter from the IRS. Questions like, “How much more do I owe?” or “Did I do something wrong?” can trigger waves […]

What you need to know about filing an extension – and minimizing penalties If you don’t have everything ready to complete your 2025 federal individual income tax return by the April 15 deadline, you can request an automatic extension. Filing […]

Are you a restaurant owner, bar manager, or food and beverage employer? If your business involves tipped employees, you could be eligible for a federal tax credit that helps offset Social Security and Medicare taxes – commonly known as FICA […]

April 15th is the deadline for more than just your income tax return You know your 2025 federal income tax return is due April 15, 2026. But do you know what else has an April 15 deadline? If you don’t, […]

The deadlines for filing 2025 tax returns (or extensions) are fast approaching. Although most tax planning moves must be completed by December 31 of the tax year, there are some decisions you can make when filing your return that can […]

An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. A change under the One Big Beautiful Bill Act (OBBBA) will make it beneficial for more taxpayers to […]