What Can an HVAC Technician Write Off on Taxes? The Complete Guide for Contractors & 1099 Techs
Quick Summary: HVAC business owners and 1099 technicians often overpay on taxes, but strategic tax planning allows them to lower […]
How does the California Pass-Through Entity Tax (PTET) help private practice physicians?
Quick Summary: California private practice physicians organized as S-Corporations or partnerships can utilize the Pass-Through Entity (PTE) Elective Tax to
Can I write off my medical practice equipment using Section 179 in California?
Quick Summary: California medical practice owners and 1099 physicians can leverage Section 179 to immediately deduct the full cost of
What are the best tax reduction strategies for independent locum tenens doctors?
Quick Summary: Independent locum tenens physicians face unique self-employment tax liabilities, but operating as a 1099 contractor unlocks powerful write-offs
How can I lower my high tax bracket as an attending physician in California? | Moontree Tax Service
Quick Summary: California attending physicians face combined federal and state marginal tax rates reaching up to 14.4% at the state
How to reduce taxes as a physician in California?
Quick Summary: California physicians face combined federal and state marginal tax rates exceeding 50%, but proactive tax planning can significantly
Does a Special Needs Trust Count as an Asset?
Quick Summary: When properly structured as an irrevocable first-party or third-party trust, a Special Needs Trust (SNT) does not count
Navigating the ISO and AMT Tax Trap
For employees at fast-growing startups and tech companies, Incentive Stock Options (ISOs) are often the golden ticket to building significant
Combining the Section 121 Exclusion and a 1031 Exchange
When selling real estate, investors love the 1031 Exchange for its ability to defer capital gains taxes on investment properties.
1031 Exchange: Fourplex
When an owner lives in one unit of a fourplex and rents out the other three, the property is considered
Understanding the 1031 Exchange: Tax Deferral in Real Estate
A 1031 exchange allows a Real Estate Investor to defer paying capital gains taxes on the sale of an investment
The New “Trump Accounts” for Newborns: A $1,000 Head Start
Passed under the One Big Beautiful Bill Act (OBBBA), the federal government has launched a new type of minor-focused savings
How To File Taxes: No Tax On Overtime
Only the “Premium” Portion Qualifies Example: If your regular wage is $20/hour, your overtime rate is $30/hour. Under this law,
Seniors get additional 6k deduction
Under the One Big Beautiful Bill Act (OBBBA), taxpayers aged 65 and older can claim a temporary Enhanced Senior Deduction
2025 Standard Mileage Rates
How much per mile? For expenses paid or incurred on or after January 1, 2025, the IRS optional standard mileage
The $40k SALT Deduction
What It Means For Your 2025 Tax Returns The SALT cap is raised from 10,000 dollars to roughly 40,000 dollars
2026 Standard Deduction
The standard deduction for 2026 increases slightly from 2025 and continues to lower taxable income for most U.S. taxpayers, with