Think the Augusta Rule sounds too good to be true? This article answers eight of the most common real-world questions business owners ask about renting their home to their corporation or partnership to create tax-free income. Learn how to stay compliant, document the arrangement properly, and maximize the tax benefits.

A little-known court ruling could mean money back from the IRS for taxpayers hit with penalties or interest during the pandemic. The Court of Federal Claims says a COVID-era law may have extended key tax filing and payment deadlines through July 11, 2023—and the clock is now ticking to protect potential refund rights. Taxpayers have until July 10, 2026, to file protective refund claims while the case heads to appeal.

If your business spent money on research and experimentation (R&E) between 2022 and 2024, you may be sitting on a refund check the size of a year’s profit. The Tax Cuts and Jobs Act trapped R&E behind a five-year amortization schedule. The One Big Beautiful Bill Act opened the escape hatch. The IRS released the road map. You may have to act fast. One upcoming deadline is July 6, 2026.

Business owners who have established Section 105 Health Reimbursement Arrangements (105-HRAs), Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs), and Individual Coverage Health Reimbursement Accounts (ICHRAs) to reimburse their employees for medical expenses need to pay an annual fee to help support the Patient-Centered Outcomes Research Institute (PCORI).

Are you paying out of pocket for partnership expenses? Learn which costs are deductible, how to report them on Schedule E, and how to avoid costly IRS mistakes. Make sure your home office and client-related expenses work for you, not against you.

Donating property (appreciated or not) to charity can generate valuable tax deductions—but the IRS imposes strict rules when a single item or multiple similar items exceed $5,000 in value. Learn when a qualified appraisal is required, what documentation you need, and how to avoid costly mistakes that could cause the IRS to deny your deduction altogether.

Thinking about starting or buying a business? Before you spend money, learn which start-up costs are deductible, which must be capitalized, and when your business officially begins for tax purposes. This article explains the key IRS rules that can save new business owners money and prevent costly mistakes.

The IRS is no longer automatically mailing paper refund checks to taxpayers with missing or rejected bank information. Instead, it is freezing refunds and sending CP53E notices that can delay payments for weeks. Learn how the new policy works, who is affected, and what taxpayers must do to avoid lengthy refund delays.