Latest News
We post current CPS news, and Articles we think you might take an interest in!
Jun 30, 2025
Turn your nest egg into a steady retirement paycheck with these 5 smart steps—from mindset to monthly income. #retirementplanning #financialfreedom
Source: https://www.kiplinger.com/retirement/5-steps-to-turn-your-nest-egg-into-a-retirement-paycheck
For any questions and clarifications, please feel free to contact us through the given details below.
Jun 27, 2025
Understanding Mark-to-Market Trader Taxes: Unlock full business deductions, avoid wash-sale rules, and simplify tax reporting—if you qualify as a trader and elect Section 475(f).
Source: Trader Status & 475 Mark-to-Market | Charles Schwab
For any questions and clarifications, please feel free to contact us through the given details below.
Jun 17, 2025
Surprise Tax Deduction Alert: Selling a business-use vehicle after claiming standard mileage can unlock a big ordinary loss deduction—thanks to embedded depreciation. Don’t miss this hidden tax-saving opportunity!
Source: bradfordtaxinstitute.com/Content/Vehicle-Used-for-Business-Can-Produce-a-Big-Surprise-Deduction.aspx
For any questions and clarifications, please feel free to contact us through the given details below.
Jun 12, 2025
Received an Incorrect 1099-NEC? Here’s How to Report the Right Income and Avoid an IRS Audit.
Source: bradfordtaxinstitute.com/Content/Year-End-1099-NECs-Are-Often-Wrong-And-How-to-Correct-Them.aspx
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Jun 6, 2025
Make Your Corporate Vehicle Work for You—Not Against You.
Use smart tax strategies to deduct 100% of your vehicle costs and avoid surprise income tax on personal use. Reimburse by year-end to stay compliant and save more.
Source: bradfordtaxinstitute.com/Content/Turn-Your-Corporate-Vehicle-into-a-Tax-Smart-Asset.aspx
For any questions and clarifications, please feel free to contact us through the given details below.
Jun 4, 2025
Avoid a $150,000 IRS Penalty: Don’t Overlook Form 5500-EZ for Your Solo 401(k) or Retirement Plan
Source: bradfordtaxinstitute.com/Content/Your-Retirement-Plan-Exposes-You-to-a-150000-Penalty.aspx
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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
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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
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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
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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
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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
For any questions and clarifications, please feel free to contact us through the given details below.