Don’t Get Trapped by Fraudulent Tax Schemes Since 2022, bad actors posing as “tax experts” have used social media to push fraudulent ways of claiming credits. Their posts encourage taxpayers to misuse legitimate credits, such as the Fuel Tax...
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Bonus Depreciation Under the OBBBA Depreciation is the tax process of spreading the cost of an asset over the years it is expected to be useful. Bonus depreciation is different: It is a tax incentive that allows businesses to...
OBBBA and Pass-Through Entities Signed into law on July 4, the One Big Beautiful Bill Act significantly impacts how pass-through entities are taxed at the federal level. S corporations, partnerships, limited liability companies and sole proprietorships are the most...
Social Security Fairness Act and Your Benefits The Social Security Fairness Act, signed into law by President Joe Biden on Jan. 5, 2025, repeals two long-standing provisions: the Government Pension Offset and the Windfall Elimination Provision. The repeal of...
Asset Depletion Loan: The Secret Key An asset depletion loan allows you to qualify for a mortgage without relying on income from a job. Instead, lenders rely on your assets to determine if you qualify for a mortgage. When...
Keeping Track of Retirement Plans After You Leave the Company Take the case of the individual who worked in the book publishing industry his entire career. At one point he briefly worked for a major corporation and was contributing...
Protect Yourself with a Home Inventory Taking a home inventory means that you are documenting the valuables in your residence, usually by taking photos of them and saving any receipts that prove how much you spent on them. The...
Mistakes To Avoid When Rolling Over Your IRA Congratulations! You’ve landed a new job and can’t wait to begin. After the farewells have been said, it will be time to roll over the retirement funds from your old job...
Don’t Fall Victim to Self-Directed IRA Fraud Traditional individual retirement accounts allow you to invest in what some would consider safer options such as stocks, bonds, certificates of deposit and mutual funds. Unlike traditional IRAs, self-directed IRAs offer a...
Get Ahead on Your 2025 Taxes The 2025 tax year brings new opportunities — and some complexities — under the One Big Beautiful Bill Act. The law made many temporary provisions permanent, added new ones set to expire in...