Category Archives: Tax
QBI for Sole Proprietors
One of the changes of the Tax Cuts and Jobs Act (TCJA) is the creation of the Qualified Business Deduction (QBI). This post will give you a general idea on how to calculate for yourself, but if you want to … Continue reading
1040NR
<br /> This post contains affiliate links My second most requested service on Fiverr is preparing Form 1040NRs for nonresident aliens. I figured I would write a simple eBook that explains when a 1040NR is required and how to file. … Continue reading
Form 1065
Are you thinking about starting a General Partnership? Are you involved in a General Partnership and have questions about your taxes? This post contains affiliate links If these questions apply to you, I have created a eBook on Amazon that … Continue reading
Business Taxes Under the Tax Cuts and Jobs Act
The biggest changes in the new law are a permanent flat 21% corporate tax rate and a qualified business income credit for pass-through entities thru 2025. In prior years, corporations paid a graduated 15-35% and personal service corporations, like my CPA … Continue reading
Roth IRA Rules Under the Tax Cuts and Jobs Act
The TCJA did not change anything of note for Roth IRAs, except the new rule does not allow for Roth conversion reversals. Two advantages of a Roth IRA over a Tradiotional IRA is tax free withdrawals and they are exempt … Continue reading
