Choosing between cash and accrual accounting affects when your business recognizes income and deductions. Here is how each method works and which one fits your situation.

An accountable plan lets your business reimburse employees and owners for expenses tax-free. Without one, those same reimbursements become taxable wages. Here’s how it works and how to set one up.

The IRS generally has three years to audit you — but the window extends to six years for large omissions, and never closes for fraud or unfiled returns. Here’s what each rule means for your records.

Most IRS discrepancies are caught through automated information matching, not audits. Learn how the AUR program works, what gets reported to the IRS, and how to respond to a CP2000 notice.

A 1031 exchange lets you defer capital gains when selling investment property — but the rules changed in 2017. Learn what still qualifies, the 45/180-day deadlines, and how to avoid the mistakes that kill the exchange.

Rental properties showing paper losses that disappear on your tax return? Learn how passive activity loss rules work, the $25,000 special allowance, and when your suspended losses can finally be used.

Real estate professional status can unlock rental losses against any income — but the IRS requirements are strict and audit exposure is real. Here’s what you actually need to qualify.

Every tax strategy falls somewhere on a spectrum from standard to reckless. Here’s how to tell where your plan stands and what’s actually at risk if the IRS disagrees.

Choosing between cash and accrual accounting affects when your business recognizes income and deductions. Here is how each method works and which one fits your situation.

An accountable plan lets your business reimburse employees and owners for expenses tax-free. Without one, those same reimbursements become taxable wages. Here’s how it works and how to set one up.

The IRS generally has three years to audit you — but the window extends to six years for large omissions, and never closes for fraud or unfiled returns. Here’s what each rule means for your records.

Most IRS discrepancies are caught through automated information matching, not audits. Learn how the AUR program works, what gets reported to the IRS, and how to respond to a CP2000 notice.

A 1031 exchange lets you defer capital gains when selling investment property — but the rules changed in 2017. Learn what still qualifies, the 45/180-day deadlines, and how to avoid the mistakes that kill the exchange.

Rental properties showing paper losses that disappear on your tax return? Learn how passive activity loss rules work, the $25,000 special allowance, and when your suspended losses can finally be used.

Real estate professional status can unlock rental losses against any income — but the IRS requirements are strict and audit exposure is real. Here’s what you actually need to qualify.