By month: March 2026

Brutal IRS Trap Wipes Out Goodwill Clothing Deductions

A taxpayer donated $6,760 to charity, followed what he thought were the rules—and lost the entire deduction. The IRS didn’t question his generosity; it denied the write-off over a technical documentation trap hidden in plain sight. Before your next trip to Goodwill or the Salvation Army, make sure the same mistake isn’t lurking in your tax file.

SE Rules for Converting a Business Vehicle to Personal Use

Converting a self-employed business vehicle to personal use seems simple—but that move can trigger recapture taxes, lost deductions, or permanently missed losses. The rules for mileage-rate vehicles are different from the rules for actual expense vehicles. If you are self-employed, you need to know the rules

How a $7,970 Tax Case Cost the IRS an Extra $34,081

A $7,970 tax dispute doesn’t usually make headlines—let alone trigger a $34,081 attorney fee award against the IRS. But one smart move changed the dynamics of the case entirely. Here’s how a properly executed qualified offer turned a small tax fight into a costly lesson for the IRS.

Download Your Go-To Desktop Reference for IRS Attribution Rules

Attribution rules under tax code Sections 267, 318, and 1563 can create instant uncertainty when you’re structuring a transaction or reviewing ownership. Download this PDF and keep it on your desktop for fast, no-nonsense answers whenever questions arise.

How One-Owner Businesses Win with the New 50% Childcare Credit

Think the new 50 percent employer childcare credit won’t work for sole proprietors or solo S corporations? Think again. See the real numbers that show how you can still pocket thousands—even when the benefit is taxable.

Download Your 2026 Phaseouts Desktop Reference PDF Now

The 2026 income thresholds and phaseouts are now in effect—and small changes can mean big planning mistakes. Our desktop reference PDF puts the most important limits and phaseout ranges in one clear, fast-access guide. Download it now, and keep the numbers you need at your fingertips all year long.

Late Filing Costs Estate $1.5M—Will Yours Be Next?

Think the federal estate tax no longer applies to you because of today’s $15 million exemption? Think again. If you’re married and your executor fails to timely file Form 706, your family could permanently lose millions in portable exemptions and face an unexpected estate tax bill.

$12,000 Door Replacement: Repair or 39-Year Asset?

You replace a failed sliding glass door and spend $12,000 doing it. Is it a current repair deduction or a 39-year capital asset? The answer turns on the IRS repair regulations, partial dispositions, and some critical distinctions.

Beware: OBBBA Can Turn Your ACA Subsidy into Taxable Income

Starting in 2026, the safety net that protected Affordable Care Act marketplace enrollees from massive subsidy clawbacks disappears. Under the One Big Beautiful Bill Act, a modest income miscalculation—or a surprisingly good business year—can force you to repay every dollar of advance premium tax credit.

 

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