Tax Strategy Tips & Insights

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What to Know About State Pass-Through Entity Tax (PTET)

Key Points Table of Contents Pass-through entity taxation is a crucial aspect of the financial landscape for businesses structured as partnerships, S corporations, or limited liability companies (LLCs). In this brief guide, we’ll explore the intricacies of pass-through entity tax, provide practical case studies, outline the states participating in this tax structure, discuss relevant deadlines, […]

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Understanding Hobby Income and Losses: Tax Advice

Smart Tips on Differentiating between Hobby and Business Income

Key Points Table of Contents Are you considering turning a hobby into a full-fledged business? If so, it’s important that you understand hobby income and loss regulations to avoid the IRS nixing your deductions and assessing you back taxes. In this article, we’ll cover everything you need to know about hobby income and loss, including

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Excess Business Loss Limitation: US Tax Made eZ

Navigating the Excess Business Loss Limitation

The Key Points Table of Contents In the intricate world of business taxation, the term “Excess Business Loss Limitation” has gained prominence, shaping the way entrepreneurs and business owners navigate their financial strategies. The term introduced by the Tax Cuts and Jobs Act (TCJA) is essential for business owners to optimize their tax positions and

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