Tax Attorney Answers: Can I Deduct This on My Taxes?
Can I Deduct This on My Taxes?
“Real quick, can I deduct this on my taxes?” Taxes are confusing, and a tax attorney has all the answers for you, right? Well, maybe, but you’re getting ahead of yourself…
While tax attorneys are there to help with tax legality questions, you need to start by asking your CPA or enrolled agent (or even TurboTax and H&R Block help) these specific tax questions. They work more closely with your specific tax situation – and they sign your return – so, they’re gonna have the most accurate, nuanced answer for you. Tax and estate attorney John Strohmeyer will explain more about when and how to come to your tax lawyer with these kinds of questions.
John breaks down the proposed new federal tax measures being put forth in the House in September 2021. He walks through the main points and helps you understand what provisions might affect you, your business, and your family.
Business owners! Make sure you're staying in compliance and tax-advantageous with regards to your company-owned life insurance policies on employees (aka Keyman or Keyperson Insurance).
You've got an estate plan, and you don't plan on dying soon. That's great! But if something did happen unexpectedly, does that plan still fit your needs and goals? Is your situation the same as it was when you drafted those documents?