Brad FordJul 222 minKnow the Exceptions to the 10% Penalty on Early IRA WithdrawalsK Early withdrawals from a traditional IRA before age 59½ generally incur a 10% penalty tax on the taxable portion of the withdrawal....
Brad FordJul 122 minShutting Down Your S CorporationAs you consider the process of shutting down your S corporation, it is crucial to understand the federal income tax implications that...
Brad FordJun 112 minDutch-Treat Business MealsAs you may already be aware, there is a contradiction in the tax laws regarding personal living expenses, specifically personal meals and...
Brad FordJun 52 minShutting Down a Sole ProprietorshipAs you consider shutting down your sole proprietorship or your single-member LLC treated as a sole proprietorship for tax purposes, it’s...
Brad FordJun 32 minSelf-Employment Taxes for Active Limited Partners Self-employment taxes are substantial, and most people want to minimize them. Self-employed taxpayers often avoid self-employment taxes...
Brad FordJun 12 minCost Segregation: Rental PropertiesOne significant tax benefit of owning residential rental property or non-residential commercial or investment property is depreciation—a...