Life changes can have a significant impact on your tax situation. Learn why major events such as marriage, starting a business, buying a home, having children, or changing income may require updates to your tax strategy. Read More
donald hayden, Author at Private Tax Solutions
If you are going through or have been through an IRS audit, you must have spent sleepless nights worrying about it and have probably heard of a simple rule: no receipt, no deduction. It is one of the most common and intimidating beliefs during tax...
Choosing between a pass-through entity and a C corporation can significantly affect your business taxes and compliance requirements. Compare the tax treatment, benefits, drawbacks, and compliance considerations of each structure to determine which may be the better fit for your business. Read More
ACA Health Insurance Subsidies Expire 2026: Cost Hikes and Coverage Impact Millions of Americans are encountering sharply higher health insurance costs as enhanced Affordable Care Act (ACA) subsidies expire at the end of 2025. With these ACA health insurance subsidies expire 2026 changes, families who...
Why You Should Check Your Tax Withholding in 2026 Many Americans are expected to receive larger tax refunds when filing their 2025 returns in early 2026. Because of outdated withholding tables and recent law changes, taxpayers may be withholding more than necessary. Taking time to...
A house is not just a building. To most people, a house is a personal sanctuary, a safe haven for your kids, and maybe the biggest asset that you own. Because of these profound emotional connections with their houses, as well as the added financial...
Major life changes can have a significant impact on your taxes. Learn how to adapt your tax strategy through marriage, family changes, homeownership, career transitions, divorce, and retirement. Read More
Understand the 2026 rules for inherited retirement accounts, including RMD requirements, the 10-year distribution rule, beneficiary obligations, and strategies to help minimize your tax burden. Read More
Real Estate Professional Status (REPS) is a valuable tax strategy for qualifying real estate investors. Learn the IRS requirements, eligibility rules, material participation tests, and how REPS can help offset rental losses against active income while staying compliant with tax regulations. Read More
Estate planning is one of the most important steps you can take to protect your family and preserve your legacy. This comprehensive estate planning checklist covers wills, trusts, powers of attorney, healthcare proxies, business succession planning, and tax-saving strategies to help your heirs avoid legal complications, unnecessary taxes, and financial stress. Read More