High-income taxpayers can realize substantial savings through 2029 by leveraging the temporary $40,000 SALT deduction cap, optimizing payment timing, electing to treat pass-through entities (PTEs) as corporations, and managing MAGI.
Articles: Tax strategy
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Understanding the Difference Between Adjusted and Unadjusted Basis Is a Critical Element of Tax Strategy
Knowing adjusted and unadjusted cost basis is critical to capital gains tax reduction, depreciation deductions, QBI, and estate planning.
The Strategic Value of CPA/Wealth Management Partnerships: Building Success Through Professional Collaboration
How CPA and wealth management partnerships benefit clients and maximize the impact of tax, business, investment, and retirement strategies.
When Is the Right Time to File an Amended Tax Return?
A short guide for business owners: how to file amended returns for errors and when to file to for refunds, tax savings, and tax law changes.