Passive activity loss rules quietly limit how much rental and passive losses you can deduct each year. This week's Tax Tip Tuesday breaks down the income phase-outs, Real Estate Professional Status traps, and documentation gaps that turn a legitimate loss into an audit flag.

The PTE election sounds technical, but the idea is simple: let your business pay a piece of your California tax so you can deduct it federally without a cap. Here's a plain-English breakdown of how it works and who it's for.

Organizational chart showing multiple connected business entities — MKHS Tax Group blog on multi-entity structures and IRS scrutiny If your business has grown to include more than one entity — an operating company, a holding company, maybe a separate property LLC — you're not doing anything wrong. Multi-entity structures are common, often advisable, and frequently the smartest way to separate liability, isolate assets, and plan for growth. But it's worth understanding how the

Most business owners have never heard of the Augusta Rule — a tax provision that lets you rent your own home to your business for up to 14 days a year, with the rental income excluded from your personal taxes entirely. This week's Tax Tip Tuesday breaks down how it works, who qualifies, and why the size of your home changes the math.

Basis is one of the most important numbers in your tax life — and one of the most consistently ignored.

The home office deduction is one of the most misunderstood — and most scrutinized — deductions on a tax return. I see it come up constantly in client conversations, and the same question surfaces every time: "Is it really worth claiming? Will it trigger an audit?" The honest answer? Done right, the home office deduction is completely legitimate and worth claiming. Done wrong, it's a red flag that can invite exactly the kind of IRS attention you want to avoid.

Schedule E is one of the most scrutinized sections of your tax return. From rental losses to K-1 mismatches to passive activity rules, the IRS is watching — and documentation is everything.

If you own an S corporation and take distributions, there's one number the IRS watches more closely than almost any other: your salary. Specifically, whether it's reasonable. Getting this wrong isn't just a technicality — it's one of the most common (and costly) audit triggers for small business owners. What Is Reasonable Compensation? The IRS requires that S-corporation shareholder-employees who perform services for the company pay themselves a reasonable salary before takin

LLC or S Corp? The right answer depends on your profit level, your appetite for paperwork, and your California tax picture. Take this 5-question quiz to cut through the noise.

Tuesday's blog introduced the three covered expatriate tests and the early warning indicators that signal exit tax exposure under IRC Section 877A. If you haven't read that post yet, start there. This Tax Talk Thursday goes deeper — and it focuses specifically on two groups whose situations are more nuanced, more misunderstood, and frankly more dangerous than the general headlines suggest: long-term green card holders and dual citizens. Both groups carry unique risks that sta

Did you know that moving to a new state doesn't automatically end your tax obligations to your old one? Learn the six warning signs that your former state may still consider you a resident — and the steps you need to take to protect yourself from a costly audit.

Now that you have established or become a beneficiary of a foreign trust, you may need to consider whether you have a US income tax return and information reporting requirement. If you are a US citizen, permanent resident, or a US resident taxpayer you may be subject to US taxes and reporting on your worldwide assets.

US citizens and expats with foreign bank accounts face strict IRS and FinCEN reporting requirements. From FBAR to FATCA, learn the most common mistakes — and how to stay compliant.

If you own or operate a small business, 2026 is shaping up to be a pivotal tax year. One of the most talked-about legislative developments heading into the next filing seasons is what’s being referred to as the “Big, Beautiful Bill.”

This webinar recap breaks down the essentials of U.S. taxes for expats, including worldwide income rules, FEIE vs. FTC, PFIC reporting, FBAR/FATCA requirements, foreign business filings, and state residency issues. Watch the full video and learn how to stay compliant while living abroad.

Join me for a clear, practical webinar designed for U.S. expats and anyone with foreign assets. We’ll cover who must file, what income is taxable, key foreign asset reporting rules, and common mistakes to avoid. Perfect for Americans abroad, dual citizens, and global families who want to stay compliant with confidence.

Every Veterans Day, we take a moment to honor those who’ve served — and at MKHS Tax Group, we also want to help them make the most of the tax benefits they’ve earned. Whether you’re retired, transitioning out of active duty, or still serving, there are important federal and state tax provisions designed to support veterans and their families.

Every year on November 10, we celebrate International Accounting Day — a day to honor the professionals who bring structure, accuracy, and calm to a world full of numbers. At MKHS Tax Group, we believe accounting isn’t just about ledgers or spreadsheets — it’s about helping people make sense of their finances so they can make better decisions, build stronger businesses, and sleep better at night. Accounting Is About People, Not Just Numbers Behind every reconciled account or

Learn the difference between Streamlined and Delinquent FBAR/FATCA filings and how to get compliant with IRS offshore reporting rules safely.

Learn the tax implications of selling your home, both in the U.S. and abroad. Understand how the home sale exclusion, depreciation recapture, and foreign tax credits work for U.S. taxpayers.