When a Roth Conversion May Make Sense
Compare the tax cost of a Roth conversion with its potential benefits, including Medicare, withdrawal rules, and the effect on your beneficiaries.
Tax Planning
Tax planning articles from Schultz CPA: entity choice, timing income and deductions, retirement contributions and multi-year strategy for Ohio filers.
22 articles
R&D Expensing Is Restored: What Counts for Small Firms
Understand current R&D deductions, foreign development costs, and the separate choices for remaining domestic research expenses from 2022 through 2024.
100% Bonus Depreciation Is Back: Equipment Purchase Planning for Ohio Businesses
The One Big Beautiful Bill Act restored 100% bonus depreciation. How timing, vehicle limits, QBI and Ohio addbacks affect an equipment purchase.
Gift Tax: When You Need to File and When You Owe
You can give someone more than $19,000 without necessarily owing federal gift tax. You may still need to file a gift tax return.
Planning for a Baby: Budget, Insurance, and Taxes
Plan for a baby with a first-year budget, health insurance enrollment deadlines, estate planning considerations, education savings, and tax benefits.
How Investment Income Is Taxed
Understand how interest, dividends, and investment sales are taxed, including basis, capital losses, retirement accounts, and the net investment income tax.
S Corporation Distributions: When Taking Money Out Is Taxable
Understand how S corporation distributions affect your taxes, with a stock-basis example and the rules for wages, shareholder loans, and property.
S Corporation Income and Loss: What Owners Need to Know
Learn how S corporation income reaches your tax return, how distributions affect basis, and what limits your ability to deduct business losses.
S Corporation Basics: Taxes, Owner Pay, and Property Transfers
Understand S corporation eligibility, owner salary, distributions, property contributions, and the deadline for making the federal tax election.