Tax and Legal Educational Articles
Health Care Tax Strategies for Small Business Owners
Small-business owners have more options to save on healthcare and insurance costs than any other group of Americans! It simply takes a little bit of research and consulting with professionals to create the perfect plan for you.
How to Write-off Health Insurance in My Business
Health insurance is expensive, and making sure it's a write-off in your business is a big deal. Regrettably, it's not as easy as just putting it on your P&L and treating it like office supplies. Health insurance premiums can be deductible. However, they must be...
Learn What Not to Do: The Ballad of Prince’s Estate
Procrastination is easy – especially when it comes to something where the benefits won’t be apparent until you are either incapacitated or have passed away. However, if you care about saving your loved ones thousands in legal fees, months of time, and a mountain of headaches and worries, then completing your estate plan is truly a caring act of charitable service that you should consider completing before it becomes everlastingly too late.
How Much Should I Send in with my May 17th Extension?
But what if you STILL owe taxes for whatever reason and the May 17th deadline is really concerning you? Here’s what you need to do in order to minimize any penalties and interest.
Last Chance to fund an HSA for a Write-off in 2020
The HSA could be one of the biggest tax-saving strategies AND health care-saving strategies of your life. It includes a tax deduction upfront, tax-free growth, and tax-free withdrawals at any age.
The Coverdell ESA or Educational IRA: A Hidden Gem
The little-known fact that can transform your Coverdell ESA into a powerhouse for college savings is the fact you can self-direct the investments.
2021 Tax Deadline Changes Summarized
The special extension to May 17th ALSO applies to Traditional IRAs and Roth IRAs. Taxpayers now have until May 17th to contribute these special retirement accounts and still have them apply to 2020.
What to do if You Can’t Pay Your Taxes by May 17th
Don’t let your inability to pay your tax liability in full keep you from filing your tax return properly and on time. If you don’t file your Extension, it only makes things worse.
Tennessee Rentals and the FONCE Exemption
The FONCE (Family-owned non-corporate entity) Exemption is most common for rental property owners in Tennessee to save on taxes.