Corporations

A cost segregation study is a powerful tax strategy for real estate owners, allowing them to accelerate depreciation on their properties. By reclassifying specific building components into shorter-lived asset categories, investors can boost early-year deductions, reduce taxable income, and improve cash flow. Ideal for newly acquired, constructed, or renovated properties, this method offers significant savings when properly executed with professional guidance.

An accountable plan is a powerful, IRS-compliant tool that allows S and C Corporations to reimburse employees for business expenses—like mileage, home office use, and travel—without creating taxable income. This strategy ensures the corporation gets a full deduction while the recipient avoids extra tax liability. Learn how setting up a formal accountable plan can boost compliance, reduce taxes, and streamline reimbursements.

If you're a high earner looking to save more for retirement in a tax-smart way, the mega backdoor Roth could be a game-changer. This powerful strategy lets you contribute tens of thousands of after-tax dollars to a Roth account—far beyond the usual limits. Learn how it works, what your 401(k) plan must allow, and why timing matters to avoid taxes. It’s a hidden gem for those already maxing out traditional retirement options.

If your 401(k) plan allows in-service distributions, you can convert pre-tax savings to a Roth IRA while still working—giving you a head start on building tax-free retirement income. This strategy lets your money grow tax-free, with no required minimum distributions later. You don’t have to convert everything at once; spreading conversions over several years helps manage taxes. It’s a smart move for high earners or anyone planning long-term retirement growth.

If you use your personal vehicle for business, you may qualify for valuable tax deductions. For 2025, the IRS standard mileage rate is 70 cents per mile—but that’s just the start. Learn the difference between the standard mileage rate and actual expense method, and discover commonly overlooked deductions like loan interest, property taxes, tolls, and parking. Whether you're self-employed or own a small business, these tips can help you maximize your tax savings.

If you're a farmer, landowner, or interested in rural tax policy, the new One Big Beautiful Bill Act (OBBBA) includes a provision worth noting. Section 70437 introduces a new tax option for those selling farmland to other farmers. Though it's flown under the radar, this change could have significant implications for agricultural land transactions. Here's what you should know.

The U.S. government is phasing out paper checks for most federal payments starting in 2025. A new executive order mandates a shift to electronic methods like direct deposit and digital wallets to reduce fraud, cut costs, and improve efficiency. Learn what this change means for individuals, businesses, and agencies.