Lana Jeppesen – Woodbury

Make Church and Charity Gifts Business Write-offs

June 3, 2026 Recent tax law changes make it more challenging to receive meaningful tax benefits from charitable giving. Under the current 2026 rules, higher standard deductions and new limitations mean many taxpayers receive little or no benefit from itemizing charitable contributions. Additionally, personal donations are made with after-tax dollars, often increasing the overall cost …

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Claim Motor Home Deductions Right or Lose Like the Jacksons Did

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May 26, 2026 Here’s an important tax planning opportunity, and caution, regarding the deduction of a motor home used for business purposes. The Jackson case highlights that many taxpayers lose this deduction not because it is invalid, but because it is improperly structured or documented. When this situation is handled correctly, a motor home can …

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HSAs After Death: What You Need to Know

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May 7, 2026 Health Savings Accounts (HSAs) are a great way to save money. Unlike any other tax-advantaged account, they provide a triple tax benefit: Withdrawals after age 65, if not used for medical expenses, are subject to regular income taxes. Some wealth advisors counsel HSA owners to treat their accounts like a super IRA, …

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Do You Need a W-2 for Spouse-Employee 105-HRA Benefits?

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April 28, 2026 If you employ your spouse in your business and use a Section 105-HRA to deduct family medical expenses, you may be wondering whether issuing a W-2 is necessary. The good news is, from a tax law standpoint, a W-2 is not required. IRS guidance and court decisions confirm that medical reimbursements under …

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How One-Owner Businesses Win with the New 50% Childcare Credit

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April 21, 2026 Beginning in 2026, the One Big Beautiful Bill Act increases the employer childcare credit for small businesses to 50 percent of qualified expenses, up to $600,000 per year. Even one-owner businesses can benefit, and the savings are substantial. If you operate as a sole proprietor, you cannot claim the credit for your …

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Brutal IRS Trap Wipes Out Goodwill Clothing Deductions

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April 13, 2026 If you donate clothing or household goods to charity, there’s an IRS trap you need to know about. In a recent Tax Court case, a taxpayer lost a $6,760 charitable deduction—not because the donations were improper, but because his documentation failed to meet strict technical requirements. The court didn’t question his generosity. …

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This One Mistake Can Make Your QCD Fully Taxable

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March 31, 2026 Many charitably minded individual retirement account (IRA) owners use qualified charitable distributions (QCDs) to satisfy required minimum distributions (RMDs) while avoiding income tax. One simple mistake, however, can turn an otherwise tax-free QCD into fully taxable income. After age 70 1/2, you may direct up to $111,000 in 2026 from your traditional …

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When Family Ties Cause Tax Trouble

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March 24, 2026 Family relationships and overlapping ownership can quietly sabotage well-intentioned tax planning. Internal Revenue Code Section 267 often causes the damage. This rule does not announce itself with penalties or warnings. Instead, it erases deductions, disallows losses, and delays expenses after the transaction feels complete. Section 267 targets transactions between related parties. The …

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OBBBA Supercharges the Employer Childcare Credit for 2026

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March 17, 2026 The One Big Beautiful Bill Act (OBBBA) dramatically expanded the employer childcare credit starting in 2026, turning a modest tax break into a significant planning opportunity for many businesses. The employer childcare credit allows businesses to claim a general business tax credit for qualified childcare expenses paid for employees. Qualifying costs include …

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Husband-and-Wife LLC—Do They Have to File a Partnership Return?

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March 10, 2026 Many married couples form an LLC to own rental property to obtain liability protection. After they create the LLC, they often ask an important tax question: Does the LLC force them to file a partnership return? The answer depends largely on where they live and how they own the property. Federal tax …

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