Tax Planning for Growing Businesses: Why You Can’t DIY Forever

"Illustration of a small business owner surrounded by paperwork, calculators, and tax documents, while a professional accountant points at the documents saying 'This is why you can't DIY forever!'"

Running a business is exciting, but growth comes with new challenges. One of the biggest mistakes business owners make is thinking they can handle their taxes alone indefinitely. Tax planning evolves as your business grows, and DIY approaches often leave money on the table. Understanding why professional guidance matters can help you keep more of…

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Can Real Estate Professional Status Free Up Old Passive Losses?

Can Real Estate Professional Status Free Up Old Passive Losses? Many tax code–defined real estate professionals wonder if they can immediately use prior passive losses once they qualify for real estate professional status. The short answer is no, and here’s why. IRC Section 469 Background IRC Section 469 limits your ability to deduct passive losses…

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