by Gilbert CPA | Nov 3, 2025
Beyond basis: understanding at-risk limits on loss deductions Most business owners and investors are familiar with the concept of tax basis - the figure used to determine how much loss they can deduct and how distributions are treated. But basis is only part of the...
by Gilbert CPA | Oct 30, 2025
A financial guide for heirs navigating inherited assets Inheriting significant assets often comes at a time of grief and uncertainty. Beyond the emotional weight, the financial responsibilities can feel overwhelming, especially when the next steps aren’t clearly...
by Gilbert CPA | Sep 26, 2025
Preparing for the end of federal paper checks Beginning September 30, 2025, federal agencies will generally stop issuing paper checks for most disbursements, as permitted by law, to comply with Executive Order (EO) 14247. That could include things like tax refunds,...
by Gilbert CPA | Aug 25, 2025
Debt-financed distributions for pass-throughs: how they work and when they make sense When a pass-through business takes out a loan at the entity level and immediately distributes the borrowed funds to its owners, this is considered a debt-financed distribution. This...
by Gilbert CPA | Jul 8, 2025
A tax-focused walk-through of the One Big Beautiful Bill Act President Trump signed the "One Big Beautiful Bill Act" (OBBBA) on July 4, 2025, enacting an overhaul that permanently extends many tax provisions previously set to expire and rewrites large sections of the...
