You started a business. Now everyone has an opinion about your structure. Your uncle says you need an LLC yesterday. Your accountant friend mentions something about S-Corps. A
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Qualified Joint Venture: Should Married Business Owners File as QJV?
You and your spouse run a business together. Your tax preparer mentions filing as a partnership. You file Form 1065, issue K-1s, and deal with partnership basis tracking.
Home Office Deduction 2026: Simplified vs Regular Method
You work from home. You converted the spare bedroom into an office. The IRS says you can deduct part of your housing costs. But which method do you
Schedule C Deductions: Complete List for Self-Employed Business Owners (2026)
The difference between a $50,000 tax bill and a $35,000 tax bill often comes down to deductions. Not aggressive positions. Not gray areas. Just legitimate business expenses that
Self-Employment Tax 2026: Rates, Calculation, and How to Reduce It
You worked hard for that income. Then you see the self-employment tax line on your return and wonder if you read it wrong. You didn’t. Self-employment tax takes
Sole Proprietor Tax Rates 2026: Complete Guide to Federal Brackets and Self-Employment Tax
“What’s my tax rate?” seems like a simple question. For sole proprietors, the answer is never simple. You don’t have one tax rate. You have at least two:
How to File Schedule C: Step-by-Step Instructions for 2026
Your first Schedule C can feel like a test you didn’t study for. The form has 48 lines, multiple parts, and asks questions about methods and elections you’ve
Backdoor Roth IRA vs. Mega Backdoor Roth: 2026 Guide for High-Net-Worth Business Owners
Last updated: January 30, 2026 If you’re a business owner earning too much to contribute directly to a Roth IRA, the Backdoor Roth IRA and Mega Backdoor Roth
S-Corp Year-End Tax Planning Checklist: December Action Items
December 31 is a hard deadline. Once it passes, many S-Corp tax strategies disappear. Equipment deductions? The asset must be in service by year-end. 401(k) deferrals? December 31,
S-Corp Tax Planning: Salary, Retirement & Savings Strategies
Key Takeaways S-Corp tax planning centers on balancing reasonable salary with distributions to minimize self-employment tax The QBI deduction (now permanent under OBBBA) adds complexity: higher W-2 wages