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The 2026 Guide to Paying Estimated Taxes (and Avoiding IRS Penalties)

Confused about estimated taxes in 2026? Learn payment deadlines, safe harbor rules, and how to avoid IRS penalties as a small business owner.

Tax Depreciation Rules for Business Automobiles

If you use an automobile in your trade or business, you may be wondering how depreciation tax deductions are determined. The rules are

Selling a Home: Will You Owe Tax on the Profit?

Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of

3 Tax Breaks for Small Businesses to Consider

Here are three tax breaks for small businesses to consider. 1. Claim bonus depreciation or a Section 179 deduction for asset additions Under

Planning for Year-End Gifts with the Gift Tax Annual Exclusion

As the holidays and the end of the year approaches, many people are thinking of making gifts of cash or stock to their

Claiming a Theft Loss Deduction If Your Business Is the Victim of Embezzlement

A business may be able to claim a federal income tax deduction for a loss due to theft. But does embezzlement count as

You Can Only Claim a Casualty Loss Tax Deduction in Certain Situations

In recent weeks, some Americans have been victimized by hurricanes, severe storms, flooding, wildfires, and other disasters. No matter where you live, unexpected