Insights
Technical tax, decoded.
Plain-English breakdowns of the code, the notices, and the planning moves that move the number — written by the person who files your return.
- Business Taxes (26)
- CPA and Accounting Industry (5)
- Estates and Trusts (9)
- Family partnerships (1)
- Individual Taxes (4)
- Real Estate (10)
- Timber (2)
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★ Featured
Buying Equipment for a Tax Deduction Can Be an Expensive Mistake
A tax deduction doesn’t make an unneeded truck or machine a good buy. How to weigh depreciation against cash flow, financing, and placed-in-service timing before…
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Leveraging Family Partnerships for Comprehensive Estate and Income Tax Planning
Introduction Estate planning and income tax planning are vital components of managing your wealth and securing your financial legacy for future generations.…
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Anticipating a Dip in Home Mortgage Interest Rates: Expert Perspectives
The world of real estate and finance is buzzing with the prospect of home mortgage interest rates taking a downward turn. Recent…
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Oregon Inheritance Tax Extension Deadlines Modified Starting October 1, 2023
SALEM, OR – In a recent development, the Oregon Department of Revenue has announced significant changes to the inheritance tax extension deadlines.…
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Navigating Business Holiday Party Expenses: What’s Deductible?
Disclaimer: Tax regulations regarding the deductibility of meals, entertainment, and business expenses have undergone recent changes. This article is for discussion purposes…
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Demystifying Tax “Write-Offs”: What You Need to Know
Tax “write-offs” are a topic that often carries a lot of misconceptions and confusion. Many people believe that a write-off magically eliminates…
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Is Saving 3.8% on the Medicare Surcharge Worth the Hassle of Forming an S-Corp? Understanding the Costs and Benefits of Filing Your Business Taxes as an S-Corp.
Many small business owners consider making an S-election for their business as a means to potentially reduce their tax burden, specifically payroll…
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The Truth About LLCs: Why They Don’t Always Reduce Sole Proprietor Income Taxes
Limited Liability Companies (LLCs) have become a popular choice among entrepreneurs and small business owners due to their flexibility and simplicity in…
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The Lengthy Process of Settling an Estate: Understanding the Reasons Behind Delays and Tax Filing Timelines
The process of settling an estate can be complex and time-consuming, often stretching over a period of several years. One of the…
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Maximizing Benefits: Excess Deductions on Final Year Trust or Estate Returns and the Impact on Beneficiary’s Personal Income Tax
When a trust or estate comes to its final year, there may be excess deductions that can have a direct impact on…