You are a elf employed marketer and trying to figure out ways to lessen that $100,000 tax burden. Alternatively, you are new to being a self employed marketer and want to learn more about how to mitigate taxes when you get to that point down the road. …


Can you get money from the government, more importantly?

Members of the tax community struggle with the “solo corporate owner” qualification for the employee retention credit (ERC).

The IRS in one of its answers to frequently asked questions explains the rule as follows:

59. Are wages paid by an employer…


The Secret All Startup Founders Should Know NOW: 83(b)

When you receive restricted stock awards, you need to decide whether you want to make a Section 83(b) tax election. What is an 83(b) election? Well, in the IRS’ words: “It provides generally that if, in connection with the performance of…


Whether you are a professional athlete, a college amateur, or an aspiring Olympian, you probably know what success feels like. You also know a thing or two about being a good sport when things don’t go your way. …


Section 1202 allows you to sell a qualified small business corporation (QSBC) on a tax-free basis. Yes, you read that right.

Now, add to this no-tax-on-sale benefit to the 21 percent corporate tax rate from the Tax Cuts and Jobs Act, and you have a significant tax planning opportunity.

Imagine…


Three bad things happen when you file your tax return late.

What’s Late?

You can extend your tax return and file during the period of extension; that’s not a late-filed return.

The late-filed return is filed after the last extension expired. That’s what causes the three bad things to happen.


Because cryptocurrencies are classified as “property” rather than as securities, the wash-sale rule does not apply if you sell a cryptocurrency holding for a loss and acquire the same cryptocurrency before or after the loss sale.

You just have a garden-variety short-term or long-term capital loss depending on your holding…


People think April 15th is Tax Time but actually if you get things organized at that time it is too late. Get ready now — June, July, August. Tax laws can be confusing, leaving many unsure of what they may deduct and how they should file. …


Marrying again makes estate planning more involved. How do you provide for everyone you love? Should you provide for everyone you love? How do you arrange to transfer wealth in a way that won’t hurt the feelings of certain heirs?

If you have not planned your estate yet, take inventory…


The Employee Retirement Income Security Act (ERISA) requires plan administrators to give to participants and beneficiaries a Summary Plan Description (SPD) describing their rights, benefits, and responsibilities under the plan in understandable language. The SPD includes such information as:

  • Name and type of plan
  • Plan’s requirements regarding eligibility
  • Description of…

VastSolutionsGroup.com

Tax + Finance + AI

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store