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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

For any questions and clarifications, please feel free to contact us through the given details below.

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

For any questions and clarifications, please feel free to contact us through the given details below.

May 28, 2025

Simplify Your Giving: Use an IRA Checking Account for Tax-Smart Charitable Donations—But Watch the Rules!

Source: bradfordtaxinstitute.com/Content/QCD-with-IRA-Checking-Account.aspx

For any questions and clarifications, please feel free to contact us through the given details below.

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

For any questions and clarifications, please feel free to contact us through the given details below.

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