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NFTs and Taxes for Coeur d’Alene Businesses & Individuals
Non-fungible tokens (NFTs) are a type of digital asset that can be bought and sold. Some...
Coeur d’Alene Retirement Early Withdrawal Penalties: Avoid Them
Do you have money in your Coeur d'Alene retirement account you’re itching to get your hands...
Do You Owe Self-Employment Tax on CDA Airbnb Rental Income?
In Chief Counsel Advice (CCA) 202151005, the IRS opined on this issue. But before we get to what...
When Cancellation of Debt (COD) Income Can Be Tax-Free
Sometimes debts can pile up beyond a borrower’s ability to repay, especially if we are heading...
It’s Tax Filing Season—Mail Correctly to Avoid IRS Trouble
During your taxable life, you need to mail various documents to the IRS. You likely find...
Don’t Get Caught in This Payroll Tax Nightmare
If you are an in-house or subcontracted individual or business that handles another companies'...
Q&A on Medicare Health Insurance Premiums and Taxes
Medicare health insurance premiums can add up to significant dollars—especially if you’re...
Don’t Rob Yourself of the Home Internet Deduction CDA Idaho
Given the connected nature of remote work these days, you likely use your home internet to do a...
Using a Reverse Mortgage in Coeur d’Alene as a Tax Planning Tool
If you’re an “experienced” homeowner, age 62 or older, you may need to tap into your home equity...
Paying for College Tax Saving Strategy
In Paying for College for those living in the greater CDA Idaho area, you can pay your college...
Big Tax Break: Qualified Improvement Property Coeur d’Alene Idaho
Do you own or lease non-residential (think commercial) real property for your business or rent...
Owe Taxes for Misclassified Workers in Coeur d’Alene Idaho?
Are you living every small business owner’s worst nightmare in Coeur d'Alene Idaho: an IRS audit?...
Deducting Mortgage Interest When Your Name Is Not on the Deed
Tax law has an amazing break for unconventional homeowners of Coeur d'Alene real estate. ...
Grouping: Tax Strategy for Owner of Multiple CDA Idaho Businesses
When you own more than one Idaho business, you need to consider the grouping rules that...
Tax Issues When Your Coeur d’Alene Vacation Home Is a Rental
If you have a home that you both rent out and use personally, you have a tax-code-defined vacation...
Idaho Business Tax Return Loss and Hobby Losses
A loss on your Idaho business tax return is by no means a sure cause for audit. It is not uncommon...
Idaho 1099 vs. W-2 Employee Penalty Loophole
As you know, one potential Coeur d'Alene Idaho business tax reduction strategy is to hire...
Does the New 20% Deduction for CDA Business Phaseout?
Phaseout for New 20% Deduction If your pass-through Coeur d'Alene business is an in-favor business...
Coeur d’Alene Business Bonus Depreciation
Your Coeur d'Alene business has the option of writing off half the cost of certain assets when you...
CDA Businesses Getting Busted For 1099 Workers
Has your Coeur d’ Alene S corporation been paying you compensation on Form 1099-MISC? By having...
Idaho State Employee vs. Independent Contractor
On the off chance that you are thinking about whether your Idaho business should...
Idaho Employee Versus Independent Contractor
Coeur d’ Alene Idaho business owners should use the 15 Part test, to determine if your workers are...
Idaho Employee Versus Independent Contractor
If you are wondering if you should hire full-time Idaho employee or use independent contractor,...
Idaho 1099 vs. W-2 Employee Penalty Loophole
As you know, one potential Coeur d’ Alene business tax reduction strategy is to hire independent...
CDA Idaho Qualified Dividends vs. Idaho Ordinary Dividends
Idaho Qualified dividend tax rates and ordinary dividend tax rates are two different...
Idaho C Corporation vs. Idaho S Corporation
Who Pays More Idaho Taxes on Owner/Shareholder Income? When you first see that 21 percent tax rate...
Understanding The Two-Percent Rule For Your Idaho S-Corporation
Does an Idaho S Corporation in Post Falls Provide Large Fringe Benefits? Yes. An Idaho S...
Everything You Need to Know About Idaho Fringe Benefits
When starting a new business in Idaho (Idaho S-Corporation or Idaho C-Corporation), something you...
How to Write Corporate Minutes for an Idaho Shareholder
Tracking Corporate Minutes is easy for your Couer d'Alene Business and can help you save in taxes....
Understanding Your Idaho Corporation Bylaws and Arrears
Idaho Corporation in Coeur d'Alene Arrears Explained The amount of money that has not been paid on...