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This guide explains the IRS rules for claiming the $25,000 active participation rental loss allowance. It details the 10% ownership requirement, management involvement criteria, MAGI phase-out limits ($100k–$150k), and a real-world case study illustrating the tax impact on Schedule E.
A guide to accelerated depreciation after OBBBA, covering permanent 100% bonus depreciation, the higher Section 179 limits, and how to choose between them, with a worked equipment example and a reporting checklist.
A guide to 529 savings plans covering contribution and gifting limits, the new Roth IRA rollover option, expanded qualified expenses under OBBBA, and reporting rules, with a real-world family example.
A client guide from Shahbaz & Associates CPAs explaining how a 401(h) account, attached to a pension plan, lets business owners deduct contributions, grow funds tax-deferred, and take tax-free withdrawals for medical expenses in retirement.
Client guide from Shahbaz & Associates CPAs explaining how 1031 exchanges let real estate investors defer capital gains tax by rolling sale proceeds into a replacement property.
A practical guide for business owners considering an S corp election, covering how the election saves on self-employment tax, how to set a defensible reasonable salary, what happens when salary is set too low, key costs and state-level considerations, and the deadlines you can't miss.
This is a 5-page Accountable Plan form that lets a company reimburse employees for business expenses tax-free under IRS rules, provided the expenses are properly documented and any excess advances are returned on time. It includes the plan adoption page, reimbursement policy, expense report, mileage log (2026 IRS rates), and a home office, phone, and internet worksheet.
