Changing Your Washington State Residency - Evergreen Small Business
Thinking about changing your Washington state residency to legally avoid estate taxes or capital gains taxes? A state form provides insights.| Evergreen Small Business
Actionable Insights from Small Business CPAs| Evergreen Small Business
Thinking about changing your Washington state residency to legally avoid estate taxes or capital gains taxes? A state form provides insights.| Evergreen Small Business
Washington state's new estate tax may result in income in respect decendent (IRD) getting taxed at 92 percent rate.| Evergreen Small Business
For decedents dying after July 1, 2025, Washington raises its top estate tax rate to 35%, highest in nation.| Evergreen Small Business
Starting October 1, 2025, Washington State levies a sales tax on many, maybe most, business professional services. Thus, if you’re a business professional selling your services? You want to know how the new Washington state professional services sales tax works. You want to know where and when it applies. And you also want to understand […] The post Washington State Professional Services Sales Tax appeared first on Evergreen Small Business.| Evergreen Small Business
Washington state taxes the estates of high-net-worth residents and high-net-worth nonresidents who own property in the state. The tax rates start at 10 percent and rise as high as 35 percent. Thus, estate tax amounts quickly get large. Deductions Protect Most Taxpayer’s Estates Fortunately, the state provides a couple of big deductions and both are […] The post Washington’s Qualified Family-Owned Business Interest Estate Tax Deduction: Updated for 2025 appeared first on Evergreen Small ...| Evergreen Small Business
Use the calculator below to estimate your Section 199A deduction using the new formula from the Big Beautiful Tax Bill of 2025. Note: More detailed instructions appear below the calculator but you can probably use numbers from your 2024 or 2025 tax returns to calculate the new formula’s effect on your Section 199A deduction. Collect […] The post Big Beautiful Section 199A Calculator appeared first on Evergreen Small Business.| Evergreen Small Business
The Big Beautiful Tax Bill Republicans are attemping to pass may give us a Big Beautfil Section 199A deduction.| Evergreen Small Business
Use this Calculator to estimate Washington state estate taxes under the new rules starting in 2025 if SB 5813 becomes law| Evergreen Small Business
Nate Silver's On The Edge talks about risks in general but the books provides tons of insights for entrepreneurs.| Evergreen Small Business
On a recent vacation, I read Cal Newport’s book, “Deep Work.” Which got me thinking about tax deductions for deep work. Newport’s ideas have great merit. Probably you want to think both about formally incorporating deep work into your year if you’re a business owner. And you want to know how deep work tax deductions […] The post Deep Work Tax Deductions appeared first on Evergreen Small Business.| Evergreen Small Business
Are you worried about a real estate professional audit? You maybe should be if you’re using the real estate professional designation to sidestep the passive loss limitation rules… The IRS sees a real estate professional audit as an easy win. Let me, therefore, briefly describe how the real estate professional designation works for tax purposes. And […]| Evergreen Small Business
The Merton share estimator calculates the equity allocation suggested by Nobel Laureate Robert Merton's research.| Evergreen Small Business
Vacation rentals, aka short-term rentals, provide a way to put giant"paper" real estate losses on tax returns. Even for high income taxpayers.| Evergreen Small Business
You can probably use ChatGPT to determine S corporation reasonable compensation. The trick? Use a good prompt.| Evergreen Small Business
Editor’s note: This week, attorney Raemi L. Gilkerson discusses the Washington estate tax and then the steps individuals can take to minimize this tax. Washington estate tax rates rank the highest of any state in the nation. The tax rates range from 10 percent to 20 percent and are graduated based on the value of the estate. Washington […]| Evergreen Small Business
Use ths short-term-rental depreciation deductions calculator to estimate the tax deductions you may get in the first years of ownership.| Evergreen Small Business
You can use the Washington state estate tax calculator to estimate the estate taxes you or someone else will owe.| Evergreen Small Business
The vacation rental tax strategy works for many high income taxpayers. But you need to understand and follow the rules.| Evergreen Small Business
IRS short-term rental audits use a handful of tricks to blow up the tax savings that vacation property owners should get from the businesses.| Evergreen Small Business
The Section 183 short-term rental problem occurs when the Section 183 "hobby loss limitation" limits deductions from a short-term rental.| Evergreen Small Business
