One Big Beautiful Bill: What It Means for You
The One Big Beautiful Bill Act (OBBBA), enacted on July 4, 2025, introduces major changes to the federal tax system that affect […]
Author: atextax
Business Tax Changes Under the One Big Beautiful Bill Act (OBBBA)
The One Big Beautiful Bill Act (OBBBA) introduces sweeping and permanent changes to the federal tax landscape for businesses, investors, and self-employed […]
Tax Tips for Gig Workers
Tax Tips for Gig Workers Whether you drive for a rideshare service, deliver food, sell goods online, rent out your home, or […]
2026 Tax Deadlines for Your Business
Staying ahead of tax deadlines is one of the simplest ways to keep your business financially healthy. Missing a filing or payment […]
Bonus Depreciation Rules – 2025 and Beyond
Summary Bonus depreciation is back. The One Big Beautiful Bill Act of 2025 (OBBBA) permanently reinstates 100% bonus depreciation for qualifying property […]
What are the tax implications of recapturing vehicle depreciation upon disposal of the asset?
The tax treatment of depreciation recapture on the sale, trade-in, or other disposition of a business or mixed-use vehicle is governed primarily […]
Are Section 179 losses from an LLC allowed to offset S corporation profits on a personal tax return?
Section 179 allows taxpayers to elect to expense qualifying property rather than depreciate it over time. When those deductions arise from an […]
No Tax on Tips or Overtime
IRS Issues Notice 2025-69 on “No Tax on Tips” and “No Tax on Overtime” The IRS has issued Notice 2025-69, providing much-needed […]
LLC for Rental Property
Whether acquiring a rental property, purchasing a building for your business, or protecting personal assets, one of the first questions you’ll face […]
Why Cost Segregation Just Became More Valuable for Your Real Estate
100% Bonus Depreciation Is Back — Why Cost Segregation Matters More Than Ever Summary The permanent return of 100% bonus depreciation under […]