167 plain-English guides on tax planning, each one ending in what to do next.
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The 3.8% net investment income tax under IRC 1411 hits rental income, dividends, and capital gains above $200,000 single or $250,000 married.
Tax PlanningThe Net Investment Income Tax (IRC 1411) imposes a 3.8% surtax on investment income (capital gains, dividends, interest, rental income, royalties.
Tax PlanningThe net investment income tax (NIIT) under IRC 1411 imposes a 3.8% surtax on the lesser of net investment income or the amount by which modified adjusted.
Tax PlanningThe Net Investment Income Tax (NIIT) under IRC 1411 imposes a 3.8% surtax on the lesser of net investment income or the excess of modified AGI.
Tax PlanningA net operating loss occurs when business deductions exceed income. The loss carries forward indefinitely but is capped at 80% of taxable income per year.
Tax PlanningPost-TCJA NOL rules (tax years beginning after 12/31/2020): 1. Carryforward only: NOLs carry forward indefinitely. Carryforwa.
Tax PlanningTax-exempt status under IRC 501(c)(3) provides significant benefits including exemption from federal income tax. Types of tax-exempt organizations: | IRC.
Tax PlanningCash-basis business owners can prepay up to 12 months of expenses before year-end and deduct the full amount in the current year.
Tax PlanningThe QBI deduction lets pass-through business owners deduct up to 20% of qualified business income. SSTB limits, W-2 wage caps, and phase-outs.
Tax PlanningThe 20% QBI deduction phases out for specified service trades above the income threshold. Architects, engineers, and real estate pros keep the full.
Tax PlanningThe Section 199A QBI deduction reduces taxable income by up to 20% of qualified business income. QBI deduction basics: Below the income threshold: -.
Tax PlanningA Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) under IRC 9831(d) allows employers with fewer than 50 full-time employees.
Tax PlanningThe IRS requires records that support every number on your tax return. The IRS requires every business to maintain records that support the income.
Tax PlanningThe Research and Development Tax Credit under IRC 41 provides a dollar-for-dollar credit for qualified research expenses (QREs) that meet the four-part.
Tax PlanningThe research and development (R&D) tax credit under IRC 41 is one of the most underutilized tax benefits for small businesses.
Tax PlanningThe R&D tax credit (IRC 41) allows businesses to claim a credit for qualified research activities, including developing new products, improving processes.
Tax PlanningThe Research and Development (R&D) tax credit under IRC 41 is available to any business that develops or improves products, processes, software, formulas.
Tax PlanningThe Research and Development (R&D) tax credit under IRC 41 provides a dollar-for-dollar reduction in tax liability for businesses that develop or improve.
Tax PlanningSmall businesses can claim a tax credit of 6-10% of qualified research expenses under IRC 41. The research and development (R&D) tax credit under IRC.
Tax PlanningWithdrawals from 401(k) and IRA accounts before age 59.5 trigger a 10% early withdrawal penalty plus ordinary income tax.
Tax PlanningA side-by-side comparison of the three main retirement plans for small business owners: contribution limits, employee obligations, deadlines.
Tax PlanningChoosing the right retirement plan is one of the highest-impact tax decisions a business owner can make. 2025 retirement plan contribution limits: | Plan.
Tax PlanningSolo 401(k) allows $23,500 employee deferral plus up to $46,500 employer contribution ($70,000 total for 2025). SEP-IRA allows 25% of compensation.
Tax PlanningThe Solo 401(k) allows the highest contributions for most self-employed business owners ($23,500 employee + 25% employer = up to $70,000 total in 2025).