Tax Preparation

What to Do Next After Filing Taxes – Solution 8020

Filed Your Taxes? Cool. Now Do These 7 Things Before Everything Breaks.

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You filed. You high-fived. Maybe you even grabbed takeout and swore you would never procrastinate again. But before you start celebrating like it’s summer break, let’s talk about what really separates the businesses that thrive from the ones that keep riding the tax season rollercoaster every year. Because filing your return is not the finish […]

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Avoid NIIT When Selling Rental Property – Solution 8020

How to Sell Your Rental Without the IRS Throwing a Surprise Tax Party

Leave a Comment / IRS Update, Tax Filing, Tax Preparation, Tax Updates /

Thinking about selling your rental property? Maybe you are done patching drywall, replacing dishwashers, or dealing with 2 a.m. texts about buzzing smoke detectors. Maybe the market finally makes sense. Either way, smart move. But here’s what most landlords never see coming. The IRS has a little-known fee for successful people. It is called the

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What to Do After Filing a Tax Extension – Solution 8020

You Filed a Tax Extension. Now Don’t Screw It Up

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You filed a tax extension. Smart move. You gave yourself some breathing room and avoided rushing through your numbers. Good job. Use this extra time to avoid a bigger mess later. Now let’s talk about what happens next. The Big Myth: “I Don’t Owe Anything Until the Deadline” Not quite. The extension gave you more

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Tax Services Near Vancouver WA - Solution 8020

Searching for Tax Services Near Me in Vancouver, WA? Here Is What Most People Get Wrong

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When you search “tax services near me” in Vancouver, WA, Google gives you a mile-long list of results. Big chain offices. Mystery listings with no reviews. Maybe a few places that only open their doors from January through April. Sure, technically those are tax services. But are they really helping you win? Most of them

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Capital Gain Tax Rate 2025 - Solution 8020

Capital Gains Tax Rate 2025: What You Need to Know (Before It Hurts)

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Let’s talk about capital gains tax rates for 2025. I know, I know… tax talk can be about as exciting as watching paint dry. But stick with me because this one matters. If you own stocks, real estate, or any investment that could make you money, this is for you. First, What Are Capital Gains?

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Truth About Deducting Tax Prep Fees - Solution 8020

Did You Just Pay to Pay Taxes? Here’s the Truth About Deducting Tax Prep Fees

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So, you just paid someone to prepare your taxes (or maybe you’re about to), and now you’re wondering: Can I deduct this on my taxes? After all, it’s a business expense… right? Great question. And the answer? It depends. But don’t worry, I’ll keep it simple. The Bad News First If you’re filing your personal

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2025 Business Tax Deadlines - Solution 8020

Business Tax Deadlines 2025: Miss These and the IRS May Come Knocking!

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Hey there, fellow business owner! Taxes might not be the most exciting thing, but trust me, you don’t want the IRS knocking on your door. So, let’s keep it simple, fun, and – most importantly – on time. Important Tax Deadlines You Can’t Ignore March 17, 2025 – First Big One! S Corporations & Partnerships

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The 2025 Tax Guide - Solution8020

The 2025 Tax Cheat Sheet You’ll Wish You Had Last Year

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Tax season is creeping up again, and sadly, most people are about to overpay. But not you. Not this time. Because you’re about to get your hands on The 2025 Tax Cheat Sheet. Your golden ticket to keeping more of what’s yours and dodging those sneaky tax traps. No IRS mumbo-jumbo. No fluff. Just straight-to-the-point,

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Business Tax Service - Solution 8020

Solo Business? Here’s How to Retire Rich (Without the IRS Taking a Bite)

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Running your own C or S Corp is awesome. You call the shots, make the money, and never have to deal with annoying coworkers microwaving fish in the office kitchen. But when it comes to retirement planning, a lot of solo business owners drop the ball, and Uncle Sam is all too happy to scoop

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Business Tax Filing Deadline - Solution 8020

March 17 Business Tax Deadline: Don’t Hit Snooze! Here’s Your Wake-Up Call

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Alright, business owners – listen up! The March 17 tax deadline is creeping up, and this is NOT the time to procrastinate. I know, I know…taxes aren’t exactly thrilling, but let’s make this as painless (and maybe even a little fun?) as possible. If you’re running an LLC, sole proprietorship, S Corp, or partnership, this

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