Tax Tips & More
Create Biz Deductions for Your Timeshare
Considering offering your timeshare to your employees as an incentive? Here are 2 potential methods to help you achieve tax deductions for your timeshare.
Deducting Your Timeshare Stays as Business Lodging Costs
If you own a timeshare and use it only for personal and business lodging, you have a unique opportunity to maximize your tax benefits.
Create Tax-Free Fringe Benefit Deductions for Your Smartphone
I hope you can benefit from this fringe benefit opportunity related to business smartphones.
Tax Rules for Providing Free Meals and/or Lodging to Employees
If you’re wondering about tax-free treatment for employer-provided meals and lodging, you may find the following overview helpful.
Deducting Start-Up Expenses for a Rental Property
Are you interested in becoming a commercial or residential landlord? If so, you’ll likely have to shell out plenty of money before ever collecting a dime in rent. The tax code treats some of those monies as start-up expenses.
Best Practices When E-Filing Returns
Avoid future problems by following these best practices for e-filing.
Common Mistakes in Tax Preparation
Avoid errors that can occur when preparing tax returns by learning these common mistakes.
What Are Your Chances of Being Audited?
These red flags could increase your chances of the IRS selecting your return for audit.
October 2025 Tax Due Dates
October 10: Tips for September 2025 reported to employer
October 15: File extended 2024 tax return (Form 1040)
October 15: Withdraw excess IRA contributions in 2024 to avoid penalty if filing of Form 1040 was extended
October 15: Contribute to solo 401(k) plan or simplified employee pension (SEP) plan for 2024 by self-employed if you received a filing extension
November 2025 Tax Due Dates
November 10: Tips for October 2025 reported to employer
December 2025 Tax Due Dates
December 10: Tips for November 2025 Reported to Employer (Form 4070)
December 31: Contribution to employer-sponsored retirement plan for 2025 (401(k), 403(b), 457 or federal thrift savings plans)
December 31: Required minimum distribution (RMD) by individuals who are 73 or older at the end of 2025