Research-backed tax planning for business owners, grounded in primary authority (Internal Revenue Code, Treasury Regulations, IRS rulings and guidance).
NYC Commercial Rent Tax explained: the 96th Street boundary, the $250,000 tax threshold vs the $200,000 filing threshold, the 3.9% effective rate, both credits, and the filing calendar.
NYC Commercial Rent Tax: Who Owes It and How It’s Calculated Read More »
Form 1120-H vs Form 1120 for homeowners associations: the 30% vs 21% tradeoff, the 60/90/85% qualification tests, Section 277, Rev. Rul. 70-604, and worked numbers for each scenario.
Form 1120-H vs. Form 1120: Which Return Should Your HOA File? Read More »
How the New Jersey BAIT election works: rates, the resident all-income base, the March 15 following-year deadline, and why the 2025 federal SALT change means it is no longer automatic.
NJ BAIT Election: How New Jersey’s Pass-Through Tax Works Read More »
Accountable plans under Reg. 1.62-2: the three requirements, timing safe harbors, the per diem trap for 10% owners, and a worked S corp home office example.
Accountable Plan Rules: How S Corp Owners Get Tax-Free Reimbursements Read More »
The FICA tip credit refunds the employer 7.65% payroll tax on tips above $5.15/hour for restaurants — now extended to beauty businesses. Worked example inside.
FICA Tip Credit: How Restaurants Claim the Section 45B Credit in 2026 Read More »
How the Augusta rule works, what Sinopoli v. Commissioner punished, the documentation and fair-market-rate requirements, and realistic numbers for S corp and partnership owners.
The Augusta Rule (IRC 280A(g)): Tax-Free Rent From Your Own Business, Done Right Read More »
Section 1202 can exclude up to $15 million of gain, or ten times basis, from federal capital gains tax. The qualification tests, the 2025 changes, and the traps.
Section 1202 QSBS: The $15 Million Tax Exclusion Most Business Owners Never Hear About Read More »