Welcome
Have you been getting your Taxes Prepared or your Taxes Planned?
Let’s find out!
Below are a few common questions that every tax paying citizen should be asking themselves every year. Answer them for yourself and click to find out more about why it's important!
Questions & Why You Should be Asking
Qualified Business Income Deduction: Are you allocating it across multiple activities, or just lumping it together?
Because lumping income together could cost you thousands in missed deductions. Lumping it together is a great way to make chili, not tax strategies!
Depreciation: Are you using Straight-Line, Accelerated, or just defaulting to the Modified Accelerated Cost Recovery System?
The wrong method can delay write-offs and inflate your tax bill. “Default” depreciation is like letting your car pick its own speed — you’re not getting anywhere efficiently.
Charitable Giving: Are you stacking every other year, or sprinkling annually and wasting deductions?
Timing donations correctly can double your deductions every other year. Sprinkling donations like salt and pepper doesn’t season your taxes properly.
State and Local Tax (SALT) Cap: Are you using the workaround, or stuck at the $10K cap?
Using the workaround could save you thousands over that $10K cap. Getting “stuck at $10K” isn’t a flex — that’s a tax chokehold.
Kids’ Credits: Are you using the refundable strategy or the Adjusted Gross Income buffer strategy?
Choosing the right strategy determines how much cash actually lands in your pocket. Your kid is worth more than a $2K participation trophy from the IRS.
Rental Property: Are you tracking passive loss carryovers, or letting them pile up unseen?
Tracking carryovers means you don’t lose deductions you’ve already earned. Ignoring carryovers is like leaving rent money under someone else’s couch.
Equity & Stock Options: Are you planning for the Alternative Minimum Tax, or waiting to get blindsided?
Planning for AMT avoids nasty surprises at tax time. Waiting to get blindsided is only cute in romantic comedies, not with the IRS.
1099 Income: Are you cutting self-employment taxes by reclassifying to S-Corp dividends, or paying full freight?
S-Corp structure can save you thousands in self-employment tax. Paying full freight on 1099 income is like tipping the IRS 15% for no reason.
Medical Expenses: Are yours actually clearing the 7.5% Adjusted Gross Income floor, or are you just assuming all are deductible?
Not all expenses clear the deduction threshold — you need to know what counts. "My back hurts” isn’t an automatic write-off (let us take your tax burdens off of your back!).
Capital Gains Tax: Are you balancing smart against the Affordable Care Act (Obamacare) credit limits?
Strategic managing keeps your investment profits from killing your healthcare credits. Nobody wants to lose Obamacare just because their stocks had a good year.