If you had a qualifying high deductible health insurance plan in 2020, you still have time to open AND fund a Health Savings Account (“HSA”) before the May 17th deadline. Thanks to recent Covid relief legislation, taxpayers have one last chance to still...
[Updated April 27th, 2021] Yes…we just received another gift from Congress. We now have until May 17th to file our taxes, file an Extension, AND make a payment without penalty. However, if you can’t pay your taxes there are still some very important steps...
The FONCE Exemption is one of the most popular strategies individuals use when investing in rental real estate to avoid the Tennessee Franchise and Excise tax. Just this past month we had a new client investing in the Volunteer State frustrated because they were being...
Are you wondering “What can I do If I can’t pay my Taxes by October 15th”? So many people think all is lost when they can’t pay their taxes by October 15th and just decide not to file. The worst thing you can do on October 15th is throw up your...
Even experienced business owners or investors can benefit from using a Strategic Plan. It is truly an integral part of a successful business operation or investment strategy and critical for success. Yet… its use has even become more important. The effect of...
1099 Rules For Business Owners in 2021 (updated 1/29/21) Over the past few years, there have been a number of changes and updates regarding the reporting rules for the mysterious 1099 Forms. I say “mysterious” because many business owners simply guess as to what the...
