Author: Surya Padhi, EA

Are COBRA Premiums Tax Deductible? A Guide for Your Tax Return.

Losing a job or transitioning to self-employment is stressful enough without the “sticker shock” of…
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IRS New 2026 Mileage Rates: Everything You Need to Know

The Internal Revenue Service (IRS) has officially announced the 2026 standard mileage rates, and there…
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Help! I Over-Contributed to My Solo 401(k): A Step-by-Step Recovery Guide

As a freelancer, small business owner, or “solopreneur,” the Solo 401(k) is arguably your most…
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The New SALT Cap Increase: A Major Win for Your 2025 Tax Returns

If you’ve felt the sting of the $10,000 “SALT cap” since 2018, there is significant…
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LLC vs. S Corp: Which Is Best for Freelancers? (The Definitive Guide)

If you’ve recently transitioned from a “side hustle” to a full-time freelance career, you’ve likely…
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Master the S Corp Reasonable Salary: Your Essential Tax Guide

Switching your business to an S Corporation (S Corp) can be a powerful strategy for…
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Commingling Funds in Your LLC, S Corp, or C Corp? Stop Now or Risk Piercing the Corporate Veil

When you start a formal business—be it an LLC, S Corp, or C Corp—you create…
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Tax-Smart Healthcare: The Single-Shareholder S Corp and HSA Contributions

Tax-Smart Healthcare: The Single-Shareholder S Corp and HSA Contributions
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401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500

IR-2025-111, Nov. 13, 2025 WASHINGTON — The Internal Revenue Service announced today that the amount…
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Unlock Hidden Wealth: The Power of a Cost Segregation Study for Your Schedule E Real Estate

Are you a real estate investor reporting income and expenses on IRS Schedule E? If…
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