by Christina Minton | Tax Tips
When it comes to tax laws, there’s always more than meets the eye. And the newly enacted One Big Beautiful Bill Act (OBBBA) is no exception. This groundbreaking legislation could save tip-earning individuals thousands in taxes, thanks to a unique deduction for...
by Christina Minton | Tax Tips
Tax rules are complex, and one area that often requires deeper understanding is the rules pertaining to installment sales. For property owners, particularly those selling real estate, utilizing an installment sale can result in financial benefits like deferring taxes...
by Christina Minton | Tax Tips
As a business owner or entrepreneur, you’re always looking for ways to maximize your tax savings and keep your finances in check. One effective (and often overlooked) strategy is the deduction of business meal expenses. Imagine this: You take your best client...
by Christina Minton | Tax Tips
Understanding tax basis is important for anyone navigating property ownership—whether you’re an individual homeowner or a business owner. This concept plays a key role in determining how much tax you owe when selling, exchanging, or transferring property. By...
by Christina Minton | Tax Tips
When it comes to tax deductions, mileage tracking is one of the most frequently misunderstood and improperly documented expenses. The IRS allows taxpayers to deduct qualified mileage for business, medical, moving, and charitable purposes, but to take advantage of this...
by Christina Minton | Tax Tips
Navigating the U.S. tax code can be challenging, especially when it comes to understanding specific filing statuses. One of the most misunderstood terms is “head of household.” While it may sound straightforward, this filing status comes with...
