by PSA CPA | Jul 2, 2026 |
Many owners of professional practices, including medical offices, law firms, accounting firms, and consulting businesses, may qualify for the Qualified Business Income (QBI) deduction. However, because these businesses are classified as Specified Service Trades or...
by PSA CPA | Jun 25, 2026 |
If you paid IRS penalties or interest during the pandemic years, a recent federal court decision may create a potential refund opportunity for certain taxpayers. The case, Kwong v. United States, centers on how federal disaster relief rules applied during the COVID-19...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…