MKHS Tax Group want to take a moment to reflect on what we’re most thankful for this year: you. Whether you’re a loyal client, a...

Many business owners are familiar with the idea of ‘ordinary income’ and ‘distributions,’ but these two concepts are very different.

Starting a new business is exciting, but it comes with big decisions—one of the most important being the choice of your business entity.

PFICs are subject to some of the most stringent tax rules in the U.S., often leading to higher taxes and complex reporting requirements.

Real estate investment can be a great way to build wealth, but if you’re not careful, it can also lead to an unexpected tax burden....

Foreign nationals living in the United States face unique challenges when it comes to taxes. Unlike immigration status, which is...

The good news is that the U.S. tax code offers several opportunities to save money and plan strategically for these expenses.

Whether you’re looking to help loved ones, reduce your taxable estate, or support a favorite cause, the annual gift tax exemption and lifeti

Owning an S-corporation offers a range of financial benefits, but it also brings unique tax responsibilities. For S-Corp shareholders...

Taxpayers face a looming deadline for several key tax benefits enacted under the Tax Cuts and Jobs Act (TCJA).

Are you considering a large business purchase before the year ends?

It is now a great time to think about how you can minimize your tax bill.

Before you start celebrating, it’s essential to know how your bonus is taxed and what steps you can take to maximize what you actually keep.

Your tax filing status determines key aspects of your return.

Don’t forget to file your Beneficial Ownership Information (BOI) to avoid any penalties.

Now is an ideal time to assess your retirement contributions and ensure you’re making the most of any tax-saving opportunities.

his post will take a closer look at how the bunching strategy works, who it benefits most, and any potential drawbacks to consider.