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Posted on August 1, 2019August 1, 2019 by John

Afraid of Audits?

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The audit rate of sole-proprietorships is 3%. The audit rate of partnerships and S Corporations is .4%.

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  • The Power of Employing your Child Illustrated
  • Did you Make any Contributions to a State College or University?
  • What is UBIT?
  • Want the Maximum Deduction for your New Vehicle? 
  • How to Deduct Business Start-Up Costs
  • Be Careful When Spending Money on Behalf of your Partnership
  • Save $1,500 Each Year You Have a Child in College
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  • Want to Build Tax-Free Wealth and Leave it to your Children?
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  • Changes to the Meals Deduction
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  • Need a New Personal SUV?
  • Need a Large Business Deduction This Year?
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  • Year-End Giving Tax Reminders
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  • January 1st Deadline Approaching for BOI Reporting
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  • Selling Your Rental Which Once Was Your Home?
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  • IRS Extends Certain Relief from Required Distribution Penalties for Inherited IRA and Retirement Accounts to Cover 2024, But Indicates the Penalties are Expected to Apply for 2025
  • Expanded Exceptions to 10% on Early Retirement Plan Withdrawals
  • Do you have unused funds in your child’s 529 account?
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  • Do you have money stuck in a 529 plan?
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  • A One Time Qualified Charitable Distribution
  • New Exceptions for 10% Early Distribution Penalty
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Tax and Financial Tips

  • Do you have a child in college?
  • Does your Parent Help You in Your Small Business?
  • The Power of Employing your Child Illustrated
  • Did you Make any Contributions to a State College or University?
  • What is UBIT?
  • Want the Maximum Deduction for your New Vehicle? 
  • How to Deduct Business Start-Up Costs
  • Be Careful When Spending Money on Behalf of your Partnership
  • Save $1,500 Each Year You Have a Child in College
  • Want to Flip Houses Tax Free?
  • Want to Build Tax-Free Wealth and Leave it to your Children?
  • Do You Have a Rental Loss this Year?
  • Changes to the Meals Deduction
  • Business Gifts
  • Need a New Personal SUV?
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