Tax Archives - Page 9 of 11 - Brian Thompson Financial

Highlights from the IRS Nationwide Tax Forum: DOMA after Windsor

The IRS Nationwide Tax Forum came to Chicago recently, so some of my colleagues and I attend the three-day long conference. One of my favorite presentations dealt with how things…

The Number One Thing You Need to Do When Dealing with the IRS

Tax | 07.21

Happy Monday! I recently got back from the IRS Nationwide Tax Forum. It’s a three-day intensive conference that provides different seminars on IRS updates and practice tips. I will highlight…

Are you making home improvements or home repairs?

Fundamentals | 06.09

Happy Monday! I hope you had a good weekend. It was a hectic one for me and Ben. It seems after we complete one house project, another one begins. We…

The Unique Type of LLC Your Small Business Should Be Using

Business Planning | 06.06

This week we’ve gotten to know the best business structures for those going out on their own. I’ve discussed the benefits of the LLC and the S-Corp. I’ve also shown…

Now Your Small Business Can Have Administrative Ease and Tax Savings too!

Tax | 06.04

On Monday, I discussed the basic business formations for a person going out on his or her own. I recommended a single-member LLC for most people who start out by…

Going Out on Your Own? Here’s How to Structure Your Small Business

Business Planning | 06.02

Happy Monday! I wanted to start this week with a great discussion that I’m having with one of my friends about starting her own business. She’s creating a comic book…

Three Ways to Get the Most Out of Your Taxable Account

Investing | 05.09

As you read on Wednesday, it’s critical to pay attention to how and what you invest in a taxable account. Your goal should be to keep as much money in…

What You Need to Know About Investing in a Taxable Account

Investing | 05.07

Hey all! Sorry I’ve been away for a little bit. Ben and I were in Germany celebrating my brother’s wedding! I thought I would have been able to get a…

Reader Question: What do I do if I can’t benefit from a Traditional or Roth IRA?

Investing | 04.30

I love getting reader questions. And I had a fantastic one over the weekend: “If one’s AGI is above the threshold for contribution to Roth IRA and for deduction of…

Five Things I’m Thankful for This Tax Day

Tax | 04.15

Happy Tax Day! After three weeks of working without a day off and dissecting hundreds of returns, the end – at least for the moment – is finally here! Yes,…

Three Scenarios That Keep My Work Interesting

Tax | 04.10

I know the past few posts have been pretty tax heavy, but I can’t think of much else when I spend most of my day reviewing return after return. Despite…

When All Else Fails, File This Form on April 15th

Tax | 04.04

It’s been a crazy couple of days at work. And it’s only going to get worse before it gets better. Our tax preparation team, which I manage, received a mountain…

Three Tax Deductions That Make Life Easier for Schedule C Filers

Business Planning | 04.02

I run into a lot of Schedule C filers in my practice. They have the hardest time calculating and justifying their returns. Part of the problem stems from the fact…

Category: Tax