167 plain-English guides on tax planning, each one ending in what to do next.
The Additional Medicare Tax (IRC 3101(b)(2)) imposes a 0.9% surtax on wages and self-employment income exceeding $200,000 (single) or $250,000 (MFJ).
Tax PlanningThe Alternative Minimum Tax (IRC 55-59) is a parallel tax system that ensures higher-income taxpayers pay at least a minimum amount of tax.
Tax PlanningThe Alternative Minimum Tax (AMT) is a parallel tax system under IRC 55-59 that ensures taxpayers with significant deductions, exemptions.
Tax PlanningThe alternative minimum tax (AMT) under IRC 55-59 is a parallel tax system that ensures high-income taxpayers cannot use certain deductions and exclusions.
Tax PlanningHigh-income business owners can use the backdoor Roth IRA strategy to contribute to a Roth IRA regardless of income. Covers key rules, filing.
Tax PlanningHigh-income business owners blocked from direct Roth contributions can use the backdoor Roth IRA. Step-by-step mechanics and the pro-rata trap.
Tax PlanningBusiness credit card interest is deductible if the card is used exclusively for business. Business credit card tax rules: Interest deductibility: - Credit.
Tax PlanningTax credits are more valuable than deductions because they reduce tax dollar-for-dollar rather than just reducing taxable income.
Tax PlanningCapital gains tax applies when a business owner sells an asset (stocks, real estate, business interests, equipment) for more than its adjusted basis.
Tax PlanningA captive insurance company is a wholly owned subsidiary formed to insure the risks of its parent company. 831(b) micro-captive basics.
Tax PlanningA cash balance pension plan is a type of defined benefit plan that combines the high contribution limits of traditional pension plans with the portability.
Tax PlanningDonating appreciated long-term capital gain property (stocks, real estate. Charitable contribution deduction limits (2025):.
Tax PlanningSole proprietors and S-Corp shareholders deduct charitable contributions on their personal return (Schedule A), not the business return.
Tax PlanningThe deductibility of charitable contributions depends entirely on the business entity structure. Charitable contribution deduction by entity type: |.
Tax PlanningCharitable deduction by entity type: - Sole proprietor (Schedule C): Charitable contributions are NOT deductible on Schedule C.
Tax PlanningSole proprietors deduct charitable contributions on Schedule A (personal itemized deductions), not Schedule C. Charitable deduction rules by entity.
Tax PlanningBusiness owners can donate cash (60% AGI limit), appreciated stock (30% AGI limit, no capital gains tax), or inventory. Covers key rules, filing.
Tax PlanningBunching multiple years of charitable gifts into one tax year pushes itemized deductions above the standard deduction threshold, maximizing the benefit.
Tax PlanningBusiness owners have access to charitable giving strategies that go far beyond writing a check. Charitable contribution AGI limits (2025): | Contribution.
Tax PlanningStrategic charitable giving can produce significant tax benefits for business owners beyond the standard cash donation deduction.
Tax PlanningBusiness owners who want to maximize the tax benefit of charitable giving have several strategies available that go far beyond writing a check.
Tax PlanningBusiness owners can deduct charitable contributions through the business (C-Corp) or personally (pass-through). Donating appreciated stock avoids.
Tax PlanningA charitable remainder trust (CRT) allows a business owner to transfer appreciated assets to an irrevocable trust. CRAT vs.
Tax PlanningA conservation easement is a legal agreement between a landowner and a qualified organization (typically a land trust or government entity).