Oct 27, 2025 | Blog, Retirement Accounts, Tax Bites
Not all income inside an IRA is automatically tax free, especially when leverage or active business activity is involved. Two key concepts every self directed investor should understand before year end are UBIT and UDFI. This article explains when these taxes apply, how to plan for them, and why they matter as 2026 tax changes approach. Whether you invest through real estate, private lending, or partnerships, understanding UBIT and UDFI can help you stay compliant and protect your returns.
Oct 14, 2025 | Blog, Tax Bites
Are you charitably inclined and looking for a powerful year-end tax-saving strategy? Consider donating appreciated publicly traded stock you’ve held more than one year to a qualified charity. You may be able to enjoy two tax benefits.
Oct 7, 2025 | Blog, Tax Bites
Beginning in 2025, individuals age 65 or older generally can claim a new “senior” deduction of $6,000 under the One Big Beautiful Bill Act (OBBBA). But if your 2025 modified adjusted gross income (MAGI) exceeds $75,000 ($150,000 if you’re a married joint filer), a MAGI-based phaseout will reduce (or may even eliminate) the deduction.
Sep 30, 2025 | Blog, Tax Bites
If you have a parent moving into a nursing home, taxes are probably not on your mind. However, there may be tax breaks.
Aug 8, 2024 | Blog, Tax Bites
Certain taxpayers generally must make quarterly estimated tax payments to avoid a penalty. Here are the rules, along with when the next payment is due.
Aug 1, 2024 | Blog, Tax Bites
When developing your business’s website, how do you handle the expenses for tax purposes? Here are the basic rules.
Jul 24, 2024 | Blog, Tax Bites
If you own Series EE bonds, take a look at the issue dates to see if the bonds are no longer earning interest. Here’s how bond interest is taxed.
Jul 16, 2024 | Blog, Tax Bites
Getting a divorce can be an agonizing process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are six issues to consider if you’re getting a divorce.
Jul 10, 2024 | Blog, Tax Bites
The federal estate tax exemption is currently $13.61 million, so you may want to think more about saving income taxes for your heirs (rather than worrying about estate taxes).
Jul 2, 2024 | Blog, Tax Bites
Closely held corporation owners: If you need money for personal expenses like a new car or home improvements, consider borrowing from the business. But follow these tips to avoid adverse tax consequences.
