An Overview of Public Law 119-21 also commonly referred to as One Big Beautiful Bill Act or OB3 Act
Disclaimer: Do not make tax planning or preparation decisions based on just this article. This article is for informational purposes only. The tax code and any guidance[...]
OB3 Act and Overtime Compensation Deduction
Disclaimer: Do not make tax planning or preparation decisions based on just this article. This article is for informational purposes only. The tax code and any guidance[...]
OB3 Act and Cash Tips Deduction
Disclaimer: Do not make tax planning or preparation decisions based on just this article. This article is for informational purposes only. The tax code and any guidance[...]
OB3 Act and The Senior Citizen Deduction
Disclaimer: Do not make tax planning or preparation decisions based on just this article. This article is[...]
State and local tax deductions and OBBBA or OB3 Act or One Big Beautiful Bill Act
Disclaimer: Do not make tax planning or preparation decisions based on just this article. This article is[...]
Qualified Vehicle Loan Interest Deduction
Disclaimer: Do not make tax planning or preparation decisions based on this article. This article is for[...]
Military Tax Situations: Sale of a home. Do I need to pay taxes?
While this is an important topic for any taxpayer selling a home, it comes up frequently in[...]
Choosing a Tax Professional
Choosing a tax professional can be difficult. Deciding to hand your financial information and personal information out[...]
Should I DIY my taxes or engage a tax professional?
This topic comes up quite often and the answer, just like many tax questions, is it depends.[...]
Danger LLC, Danger! BOI Reporting.
If your reporting company has not complied yet, time may be running out. Most LLCs and many[...]
They Said You Should Start an LLC. Part C.
In Part A we covered a Single Member LLC (SMLLC). In Part B we discussed a Multi-Member[...]
They Said You Should Start an LLC. Part B.
In Part A we covered a Single Member LLC. This part will be about a Multi-Member LLC[...]
Military and the Partial Exclusion of Capital Gains due to the sale of a primary home.
It turns out service members (and their spouses, if they have one) often don’t get to live[...]
Five Tax Traps to Avoid When You Retire from the Military
Retiring from the military brings many changes to a family. Children can start making more lasting relationships[...]
Depreciation Part 5. Fixing Depreciation Errors
Part 4 was a list of indicators of a depreciation error. If it turns out there was[...]
Depreciation Part 4. Spotting depreciation errors.
A quick list of clues that might be noticed when reviewing a landlord’s tax return that might[...]
Depreciation Part 3: Basis and Land
Determining your depreciation deduction for your residential rental property starts with getting the depreciation basis correct. Getting[...]
Depreciation Part 2 What is depreciation?
What is depreciation? I suppose this should have been Part 1, but here we are. The people[...]
Military Landlord Taxes: Depreciation Part 1
Let's talk about depreciation of residential rental property-just residential rental property. And the building structure (often a[...]
Why is Depreciation Recapture on the sale of a rental property required if depreciation was never taken?
I received this question on social media. I answered it and will answer here, with the standard[...]
They said you should start an LLC. Part A.
I hear it again and again. You should start an LLC (Limited Liability Company) for the tax[...]
529 FAQs for College Savings
We've been investing in 529s for our children for almost two decades. Like most of you, we[...]
Schedule E – M.A.D.E. E.A.S.Y.
Whether you have a rental property for investment reasons or, like many military families, it's time to[...]
Write off your PCS
Many military families are in the final planning stage of their permanent change of station (PCS) move.[...]
Depreciation Recapture for Military Landlords: The Good, Bad, and the Ugly.
***This article is focused on federal law, the laws in your state may differ. The concepts presented[...]
More fun with LLCs: The Corporate Transparency Act
Yay! More laws, just what we all wanted. The purpose of the Corporate Transparency Act (CTA) is[...]
Why we are here
I have the honor to write this first article for the Military Tax Experts Alliance website, miltiarytaxexperts.org.[...]