Depreciation can create powerful tax savings, but Passive Activity Loss Rules often delay when you can use them. Learn how PAL rules impact rental property owners and investors, why suspended losses aren’t gone forever, and strategies like Real Estate Professional Status, grouping elections, and cost segregation that can turn paper losses into real savings.

Turn everyday family payroll into a wealth-building powerhouse. By paying your children through your business and funding their Roth IRAs, you can lower your tax bill, shift income tax-free, and set your kids up for million-dollar retirement accounts. Done correctly, this strategy keeps money in the family, teaches financial responsibility, and builds generational wealth—starting now.

Missed the tax deadline? The IRS can hit you with late filing and payment penalties, plus interest that grows daily. Refunds can be lost if you wait too long, and businesses face even steeper fines. The good news: filing quickly, setting up a payment plan, or requesting penalty relief can stop the damage. The sooner you act, the more options you’ll have to reduce costs and stress.