How to Get Ready for the NEW Individual Coverage HRAs

From January 1, 2020, the new individual coverage HRAs were created by Presidential Executive Order 13813 and will become active. By the end of October 2019, you have to create the right documents and have them ready to put the individual coverage HRA in place. How to...

Corporations Reduce IRS

Corporations Reduce the IRS Audit of Home-Office Deductions. How? Are you overly suspicious that your home-office deduction will invite an IRS audit? Well. Countless taxpayers are not able to take advantage of a significant deduction that they’re entitled to...

IRS Issues Final Section 199A Regulations and Defines QBI

  If you are currently operating a pass-through business such as a proprietorship, partnership, or S corporation, you might want to have a look at this. Thanks to the finalized regulations of Section 199A, you can now be eligible to have a tax deduction of up to 20...