1031
Exchange
Purchase real estate using the proceeds from another investment property.
Accountable
Plan
Provide your employees tax-free reimbursement for business expenses.
American Opportunity Credit
Obtain a credit on Individual tax return for
tuition and fees paid to accredited colleges
and universities.
Augusta
Rule
Rent your home to your firm for up to 14 days
without additional income.
Bonus Depreciation
Accelerate the depreciation deduction for
certain business assets.
Business Meal Expenses
Deduct meals provided for business purposes.
Business Travel Expenses
Deduct traveling expenses to business
meetings or events.
C
Corporation
A business entity where company earnings are
taxed at the corporate rate.
Captive
Insurance
Protect your business from financial risk &
control how it's insured.
Cash
Balance Plan
Credit employees' retirement accounts with a
percentage of their salary.
Child
IRA
Set your child up for future success by funding
an IRA for them for now.
Child Tax
Credit
An annual tax credit available to taxpayers with
a qualifying dependent.
Compensation Optimization
Consider changing business entities to optimize income & find tax savings.
Conservation Easements (Business)
Agree to permanent limits on the use of your
land & get a tax deduction.
Conservation Easements (Individual)
Agree to permanent limits on the use of your
land & get a tax deduction.
Cost
Segregation
Identify parts of your property that qualify for
accelerated depreciation.
Coverdell
ESA
A tax-deferred way to save for qualified
education expenses.
Deferred Compensation Plan (Business)
options for highly compensated individuals to defer receipt
Compensation Plan (Individual)
Reduce your taxable income by deferring a
portion of your wages.
Defined
Benefit Plan
A qualified plan that provides fixed payment to
employees at retirement.
Dependent
Care Credit
Expenses paid to care for others so you can
work may provide tax savings.
Disaster Relief Section 139
Reimburse employees for disaster-related expenses & take a tax deduction.
Donor-Advised
Fund
A tax-deferred way to save for qualified
education expenses.
Employee Achievement Award
​Claim a tax deduction with a program to recognize employee achievements.
FICA Tip
Credit
A credit for taxes paid on employee tips in your
food & beverage business.
Family Office Management Company
Create a company to provide financial services
to your family businesses.
Fringe
Benefits
Offer benefits to attract & retain employees
while taking a tax deduction.
Health Savings Account (Business)
An HSA is a tax advantaged trust or custodial
account set up to pay or reimburse a taxpayer
for incurred medical expenses.
Health Savings Account (Individual)
Save on taxes by setting up an HSA to pay or
reimburse yourself for medical expenses
incurred.
Hiring
Children
Reduce taxable income & self-employment tax
by hiring your kids.
Home Administrative Office
Deduct travel costs when you commute from
your primary office at home.
Home Office
Deduction
Deduct qualified expenses for using your
home for business purposes.
IC-
DISC
Start a corporation to earn commission on
your existing company's exports.
Installment
Sale
Spread out buyer payments & defer capital
gains tax from asset sales.
Itemized
Deductions
Maximize tax savings by capturing common
expenses and charitable giving to reduce
taxable income.
Medical Reimbursement Plan
Reimburse your small business's employees for
qualified medical expenses.
Oil &
Gas
Invest in oil & gas companies to take
advantage of multiple tax benefits.
Partnership
Save on self-employment taxes by going into
business with a partner.
Passive Real Estate Losses
Certain passive losses can offset ordinary
income.
Private
Foundation
Set up a family foundation and receive a
charitable deduction up to 30% of AGI.
Profit-Sharing
Plan
A retirement plan where employers make
contributions for their employees.
Qualified Charitable Distribution
Contribute to a charity directly from your IRA
and avoid taxable income.
Qualified Opportunity Zone (Business)
Invest in the economic development of
undercapitalized communities.
Qualified Opportunity Zone (Individual)
Invest in the economic development of
undercapitalized communities.
R&D - Alternative Simplified Credit
Simplified method to compute R&D credit.
R&D - Basic Research Credit
Credit for basic research payments to qualified
institutions.
R&D - Energy Research Credit
​Credit for energy research payments to
qualified institutions.
R&D - Regular
Credit
Regular method to compute R&D credit.
Real Estate
Professional
Offset losses & reduce taxable income as a real
estate professional.
Roth
401(k)
A salary-deferral retirement plan funded with
after-tax contributions.
S
Corporation
​Pass company income, losses, deductions &
credits through to shareholders.
SIMPLE 401(k)
(Business)
A simple employer-sponsored retirement plan
using pretax contributions.
SIMPLE 401(k) (Individual)
Make pretax contributions to a streamlined
employer-sponsored plan.
SIMPLE IRA
(Business)
​A salary-reduction retirement plan with few
administrative requirements.
SIMPLE IRA
(Individual)
Contribute pretax earnings to a tax-favored
retirement account.
Sale of Home
Exclusion
Exclude capital gains when you sell your
primary residence.
Schedule
C
Report your business income or loss as a sole
proprietor.
Section 179
Expensing
Fully deduct the cost of assets purchased in a
year, up to certain limits.
Self-Directed Retirement Funds
A hands-on retirement savings vehicle with a
variety of asset options.
Self-Employed Health Insurance
Pay for your health insurance & deduct costs
from your business's taxes.
Tax Loss
Harvesting
Sell securities at a loss to offset gains from
other investments.
Vehicle Plug In
Credit
New electric and plug-in hybrid vehicle
purchases may qualify for a tax credit.
Work Opportunity Tax Credit
Hire workers from groups that face significant
barriers to employment proprietor.