Latest News
We post current CPS news, and Articles we think you might take an interest in!
May 26, 2025
Maximize your 2025 tax savings: Use Section 179 to deduct qualifying commercial property improvements—just make sure you’re actively managing the business to qualify.
Source: bradfordtaxinstitute.com/Content/Using-Section-179-Deductions-for-Commercial-Rental-Properties.aspx
For any questions and clarifications, please feel free to contact us through the given details below.
May 16, 2025
When It Comes to Scam Losses, the IRS Says Greed Pays—But Goodwill Doesn’t.
Only victims seeking profit may deduct scam losses; emotional motives get no tax break.
Source: bradfordtaxinstitute.com/Content/Greed-or-Goodwill-Your-Motive-Makes-a-Scam-Loss-Deductible.aspx
For any questions and clarifications, please feel free to contact us through the given details below.
May 13, 2025
Joint Venture ≠ Partnership… Unless the IRS Says So!
Elect out now to skip the paperwork, avoid penalties, and keep your tax life simple
Source: bradfordtaxinstitute.com/Content/Avoid-Unwanted-Partnership-Tax-Status-Elect-Out.aspx
For any questions and clarifications, please feel free to contact us through the given details below.
May 6, 2025
Don’t lose tax deductions—digitize your receipts! Paper fades, but digital proof lasts. Use apps like Shoeboxed or Expensify to stay audit-ready and organized. #TaxTips #SmallBusiness #DigitalReceipts
Source: bradfordtaxinstitute.com/Content/Protect-Yourself-Digitize-Tax-Receipts.aspx
For any questions and clarifications, please feel free to contact us through the given details below.
May 2, 2025
IRS Tightens Rules on Worker Classification Relief — New Guidance Makes Section 530 Safe Harbor Harder to Qualify For
Source: bradfordtaxinstitute.com/Content/IRS-Makes-It-Harder-to-Use-the-Section-530-Safe-Harbor.aspx
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Apr 30, 2025
As of April 2025, U.S. companies are no longer required to file BOI reports under the Corporate Transparency Act, but foreign companies registered in the U.S. must still comply.
Source: bradfordtaxinstitute.com/Content/CTA-BOI-Reporting-Is-Over-Except-for-Foreign-Companies.aspx
For any questions and clarifications, please feel free to contact us through the given details below.
Apr 21, 2025
Maximize your 2025 tax savings—stay ahead with the latest phaseout thresholds for key credits and deductions.
Proceed to this link Phaseouts-Desktop-2025.pdf to download the file.
Source: bradfordtaxinstitute.com/Content/Boost-Tax-Planning-with-the-2025-Phaseouts-Desktop-Reference.aspx
For any questions and clarifications, please feel free to contact us through the given details below.
Apr 24, 2025
Beat the Taxman with a QCD!
If you're 70½ or older, use a Qualified Charitable Distribution (QCD) to donate directly from your IRA, satisfy your Required Minimum Distribution (RMD), and pay no tax on the donated amount. It’s a win for your taxes and your favorite cause.
Source: bradfordtaxinstitute.com/Content/Beat-the-Taxman-Use-the-Tax-Code-Created-QCD-to-Kill-Your-RMD.aspx
For any questions and clarifications, please feel free to contact us through the given details below.
Apr 18, 2025
Solo Biz Owner? No Employees?
Unlock up to $70K in tax-free Roth savings with the Mega Backdoor Roth strategy.
Boost your retirement game 10x beyond the regular Roth limits.
Source: bradfordtaxinstitute.com/Content/Solo-Biz-Owner-Mega-Backdoor-Roth.aspx
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Apr 11, 2025
A savvy move for high earners—if you play it right. Skip the income limits, but don’t skip the fine print… or the tax bill might surprise you.
Source: bradfordtaxinstitute.com/Content/Backdoor-Roth-IRA-Smart-Move-or-Hidden-Tax-Trap.aspx
For any questions and clarifications, please feel free to contact us through the given details below.
Apr 8, 2025
Strategic withholding can help you avoid penalties for missed estimated tax payments in 2025. From W-2 wages to IRA rollovers, smart planning can save you from costly fees.
Source: bradfordtaxinstitute.com/Content/Beat-the-Estimated-Tax-Penalty-with-Strategic-Withholding.aspx
For any questions and clarifications, please feel free to contact us through the given details below.