2022 year-end tax moves for retirees

2022 year-end tax moves for solopreneurs

2022 year-end tax moves for corporate executives

Tax rules change fast these days. What once worked may no longer. “Set it and forget it” doesn’t cut it anymore.

I’ve seen my fair share of tax returns prepared by so-called “ghost preparers”. More about them here.

A short list of tax-related concepts I often see folks get wrong.

2023 changes to tax brackets, standard deduction, etc. What does this mean for you?

Considering consulting in retirement? Business entity structure matters.

S Corporations in an initial year for solopreneurs might not be a good move.

Considering your business’ legal & tax structure? You need to know the difference between and LLC and an S Corp.

Starting this year, ecommerce platforms are required to submit Form 1099-K for business sellers paid more than $600 during the year.

Dear TikTok, that’s not how this works.

$2 trillion

Of potentially fraudulently claimed Employer Retention Credits.

The IRS is coming for tax fraudsters.

Will you owe tax on the new student loan forgiveness? It depends where you live.

Looking to buy an electric car soon? Be alert to upcoming changes in related federal income tax credits that may impact your decision.

It’s no secret that I’m not the IRS’ biggest fan, but I DO support increased funding as per the Inflation Reduction Act. Why? Here’s an example of a recent IRS interaction that I had on behalf of a client:

See inside for FREE MONEY!

There are a few tax items in the Inflation Reduction Act making its way through Congress right now. The one that I’m getting asked about is increased IRS enforcement and should taxpayers be concerned.

Tax loss harvesting = selling stocks or other securities at a tax loss with the intention to later use these losses to offset taxable gains. This strategy often includes repurchasing somewhat similar ‘replacement’ securities at a lower price. To the extent that capital losses exceed capital gains, the result can be deducted up to $3,000 per year with the remainder then carried forward into the next year.