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This article is general information, not tax or legal advice. 1031 exchanges are technical, and the right move depends on your facts. Confirm every detail with a qualified CPA, tax attorney, and qualified intermediary before you sign a sale contract. The 30-second answer The 1031 exchange rules let you sell an investment property and roll […]

The short-term rental tax loophole is a set of IRS rules that can turn a vacation rental into a non-passive business. When it works, the paper losses from that rental can reduce the tax you owe on your salary or practice income. It’s not really a loophole. It’s written right into the passive activity regulations,

Real estate professional status takes more than 750 hours and more than half your work time. See the tests, the grouping election, and common mistakes.

What you need to know1- Bonus depreciation lets you deduct the cost of qualifying business and rental property in year one instead of over many years.2- As of October 2026, the deduction is a permanent 100% for property acquired after January 19, 2025, according to the IRS.3- Qualifying property includes equipment, software, qualified improvement property,

What you need to know1- A cost segregation study splits a building’s cost into parts that qualify for shorter tax lives of 5, 7, or 15 years, instead of 27.5 or 39 years for the whole building.2- As of October 2026, 100% bonus depreciation is permanent for qualifying property acquired and placed in service after

Selling a business is usually the largest financial transaction of a founder’s life. Yet, without proactive tax engineering, up to 50% of the enterprise value created over decades can disappear into federal capital gains, state taxes, and net investment income taxes. An experienced exit planning tax advisor ensures you keep the maximum net proceeds from your

The best retirement plan for high earners combines a Cash Balance Pension Plan with a Solo 401(k) or traditional 401(k). This hybrid strategy allows high-income business owners and executives to shelter up to $300,000 or more per year in tax-deferred contributions while significantly lowering their current year federal and state income tax liabilities. High earners

The Augusta Rule, codified under Internal Revenue Code Section 280A(g), allows homeowners to rent their primary or secondary residence for up to 14 days per calendar year without reporting the rental income on their personal tax return. When rented to your own business, the business deducts the rental expense while you receive the income tax-free.

Tax planning for high-income earners is the proactive, year-round process of structuring income, investments, entities, and deductions to legally minimize Federal and State tax liabilities. Unlike basic tax compliance, high-income tax planning utilizes advanced vehicles such as Cash Balance Plans, Cost Segregation, Qualified Small Business Stock (QSBS) exclusions, and Charitable Remainder Trusts to reduce high

What if your partnership could legally reduce its tax liability before the tax bill arrives? For many partnerships, tax planning starts too late. By the time tax season arrives, the income has already been earned and many planning opportunities are gone. Effective partnership tax planning works differently. It looks ahead at profit allocation, partner compensation,