by Megan Kosciolek, EA, MST | Jun 24, 2026 | Uncategorized
Do you operate a side gig in addition to your regular day job? Whether you’ve turned a love for crafting into an online store or you play the guitar at a local venue, you’ll need to report the income from your sideline activity on your tax return. But can you deduct...
by Megan Kosciolek, EA, MST | Jun 10, 2026 | Uncategorized
Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also can apply to full-time students through age 23 and 18-year-olds even if they aren’t full-time students. When it applies, most of the child’s...
by Megan Kosciolek, EA, MST | May 20, 2026 | Uncategorized
If you give artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how it will be used. Special substantiation and appraisal rules may apply as well. Relation to Charitable Function Your...
by Megan Kosciolek, EA, MST | Apr 29, 2026 | Uncategorized
If you run your business as a C corporation, you may be eligible for a potentially significant tax break for qualified small business (QSB) stock. This opportunity has existed for years, but recent tax law changes have enhanced it. What’s a QSB corporation? QSB...
by Megan Kosciolek, EA, MST | Mar 24, 2026 | Uncategorized
Did you know that you can claim tax deductions for animals that serve a bona fide business purpose? This benefit extends beyond agricultural operations. Working animals in many sectors may qualify. Here are the details. Working Animals vs. Personal Pets A working...
