Expert insights on estate planning, asset protection, tax law, tax preparation, tax planning, bookkeeping, accounting practices, wealth management, and legal matters for businesses and individuals.
Expert insights on estate planning, asset protection, tax law, tax preparation, tax planning, bookkeeping, accounting practices, wealth management, and legal matters for businesses and individuals.
A cash balance plan can let a 55-year-old business owner deduct $253,300 a year, far past 401(k) limits. See how it works, what it costs, and who qualifies.
Complex trusts hit the top 37% tax bracket at $15,650 of income. See how SLATs, GRATs, and GST planning protect family estates — from a CPA/attorney firm.
I break down how QSBS, a deferred sales trust and smart deal structure work together to cut the tax bill when you sell your business.
Which tax strategies are legal, and which get flagged as abusive? A Las Vegas dual CPA/tax attorney breaks down what actually holds up under IRS examination.
IRS lien filings jumped 36% since 2022. Here's when a Las Vegas business owner needs a business tax attorney, not just a CPA.
If you've read that the estate tax exemption is about to crash back down to roughly $7 million, that's outdated information. The One Big Beautiful Bill Act (OBBBA, P.L. 119-21), signed July 4, 2025, permanently eliminated the scheduled 2026 sunset and set the federal estate and gift tax exemption at $15 million per individual and $30 million per married couple through portability (IRS Rev. Proc. 2025-32, 2025).That permanence changes the planning conversation. Estate tax planning strategies for 2026 no longer center on racing the clock before an exemption cliff. They center on a different question: which mix of lifetime gifting, trust structures, and basis step-up planning actually minimizes your family's total tax burden under law that's now built to last.
The One Big Beautiful Bill Act, signed into law in 2025, raised the federal SALT deduction cap from $10,000 to $40,400 for 2026. That sounds like great news for S-corp owners and LLC members in high-tax states. And for many taxpayers, it is. But here's the catch: if you own a pass-through business in California, New York, or New Jersey and your state tax bill already exceeds $40,400, the new cap still leaves tens of thousands of dollars in deductions on the table. A California S-corp owner earning $500,000 in pass-through income pays roughly $46,500 in state income tax. The SALT cap covers $40,400 of that. The remaining $6,100 or more disappears under the new law. And for anyone with income above $500,000, the SALT cap phases out entirely, dropping back toward $10,000 once your MAGI hits $600,000. That's where the pass-through entity (PTE) election still wins in 2026. This guide explains exactly who benefits, how to calculate the advantage, and what you need to do before the deadlines close.
If you're a startup founder who has held C-corp stock for five or more years, 2026 brought you some of the best news in tax law history. On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, and one of its most founder-friendly provisions permanently raised the Section 1202 QSBS exclusion from $10 million to $15 million per taxpayer, per issuer. At the federal long-term capital gains rate of 23.8%, that's an extra $1.19 million in federal tax savings compared to the old limit.This isn't a small tweak. For founders, early employees, and angel investors holding qualifying stock, the expanded $15 million QSBS exclusion cap can mean the difference between walking away from an exit largely whole and handing nearly a quarter of your gains to the IRS. Understanding exactly how it works, who qualifies, and how to multiply the benefit across your family is worth every minute of your time.
If you run a profitable pass-through business and earn $300,000 in qualified business income, the 20% QBI deduction puts $60,000 off your taxable income. At a 37% marginal rate, that's roughly $22,200 in federal tax savings — every single year. And starting in 2026, that benefit is no longer scheduled to disappear.The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, permanently extended the Section 199A deduction. What was set to sunset at the end of 2025 under the Tax Cuts and Jobs Act is now a permanent part of the tax code. That changes the planning calculus for every self-employed owner, S-corp shareholder, and LLC operator.But "permanent" doesn't mean automatic. The rules governing income thresholds, W-2 wage limitations, and entity structure choices still determine whether you capture the full 20% or walk away with a fraction of it. This guide breaks down exactly how to maximize your QBI deduction in 2026 — with step-by-step math and strategy.
