11
Nov
Taxpayer’s Comprehensive Guide to LLCs and S Corps
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By
Jason Watson
Key Takeaways
WCG’s 2019 Edition book covers LLCs, S Corps, Section 199A deductions, meals and entertainment rules, and other smal...
13
Oct
Section 199A Frequently Asked Questions
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By
Key Takeaways
The Section 199A deduction from the 2017 Tax Cuts and Jobs Act provides a tax break for business owners, including S...
03
Oct
Business Meals Tax Deduction Updated
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By
Key Takeaways
IRS Notice 2018-76 restores business meals deductions that were unclear after the 2017 Tax Cuts and Jobs Act.
50%...
02
Oct
Section 179 Deduction for Business Vehicle 2018
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By
Key Takeaways
Section 179 makes buying business vehicles tax-friendly with deductions for equipment and vehicles, including 100% B...
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15
Sep
Top Earnings By State
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By
Key Takeaways
The U.S. is experiencing record wealth and low unemployment, but income growth is heavily skewed toward the top 1%.
...
08
Sep
Maximize Section 199A Deduction
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By
Key Takeaways
Section 199A deduction, introduced by the 2017 Tax Cuts and Jobs Act, can be complex to calculate and optimize.
D...
29
Aug
Adding Your Spouse to Payroll
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By
Key Takeaways
Adding a spouse to payroll can make sense, but it comes with additional payroll taxes and other considerations.
R...
27
Jul
What is My Tax Home
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By
Key Takeaways
Your tax home is generally where you work most and where your main business or job is located; commuting to it is no...
16
Jul
Blue Book for Tax Cuts and Jobs Act of 2017
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By
Key Takeaways
The Joint Committee on Taxation (JCT) combines input from the House Ways and Means Committee and the Senate Finance ...
16
Jul
Advanced Degrees as Qualified Education Expenses
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By
Key Takeaways
Qualified education expenses are deductible only if the education improves your current job skills or is required by...
