S-Corp vs. C-Corp After the New Tax Law: Which Saves You More
Choosing between an S-corp and a C-corp used to be simple: pick an S-corp to avoid double taxation. The One Big Beautiful Bill Act (OBBBA) of July 2025 complicated that choice. Starting in 2026, the law makes the 20% qualified business income (QBI) deduction permanent, keeping effective S-corp tax rates lower than C-corp rates on […]
How Much Should You Pay Yourself From Your S-Corp?
Running an S-corp lets you split income into salary and distributions, so only your salary incurs payroll tax. While this is a great tax strategy, the IRS requires you to pay yourself a reasonable salary before taking any distributions. This guide explains how the IRS defines reasonable salary, why the “60/40 rule” is a myth, […]
Real Estate Professional Status: Turning Rental Losses Into Tax Savings
When a high-earning couple buys a $1.2 million rental and ends the year with a $60,000 depreciation loss, standard rules prevent that loss from offsetting their W-2 income. Real Estate Professional Status (REPS), governed by Internal Revenue Code Section 469(c)(7), changes this. Under IRC Section 469(c)(7), qualifying taxpayers can overcome the presumption that all rental […]
October 15 Tax Deadline: Why It Matters for HNWIs in 2026
Filing Form 4868 extends your filing deadline to October 15, but it does not extend your payment deadline. If you owed taxes on April 15, 2026, and did not pay in full, interest and penalties have accrued daily on the unpaid balance. For high-net-worth individuals, delayed filing can quickly result in substantial financial penalties. Complex […]
Can You Really Write Off a G-Wagon? Business Vehicle Rules, Explained
Social media has turned the G-Wagon tax write-off into one of the most misunderstood tax strategies for business owners. Videos often suggest that buying a luxury SUV weighing more than 6,000 pounds automatically creates a massive deduction or even makes the vehicle “free.” The tax rules are far more detailed than those claims suggest. A […]
Bonus Depreciation Is Back to 100% – What You Can Write Off Now
Bonus depreciation had been gradually phasing out, and businesses expected it to end by 2027. The One Big Beautiful Bill Act reversed that countdown. Bonus depreciation 2026 rules restore the full 100% write-off, and this time Congress made it permanent instead of scheduling another sunset. For business owners and real estate investors, the bonus depreciation […]
The Augusta Rule: Rent Your Home to Your Business, Tax-Free
If you own a business and a home, there is a narrow but legitimate way to move money from your company to your personal account without either side paying tax on it. It is called the Augusta Rule, and it lets a business owner rent their personal residence to their own business for up to […]
Q3 Estimated Taxes: What High Earners Pay (and the 110% Rule)
For many high earners, tax season doesn’t begin in April. It continues throughout the year through quarterly estimated payments. A large bonus, RSU vesting, investment income, business profits, or a significant capital gain can all create tax liabilities that withholding alone may not cover. Making estimated tax payments high income taxpayers owe on time is […]
Oil & Gas vs. Solar: Which Cuts a High Earner’s Taxes More in 2026
For years, high-income taxpayers have looked to energy-related tax incentives to reduce their overall tax liability. In 2026, the landscape looks very different. Legislative changes have preserved many oil and gas tax benefits while significantly reducing the federal incentives previously available for residential solar investments. For many investors, oil and gas tax benefits may provide […]
Annual Gifting in 2026 ($19,000): A Simple Way to Shrink Your Taxable Estate
For affluent families, executives, physicians, and business owners, annual gifting remains one of the simplest ways to transfer wealth efficiently. The 2026 annual gift tax exclusion allows individuals to move assets out of their taxable estate each year without reducing their lifetime exemption. While the annual amounts may seem modest, consistent gifting can create meaningful […]