KB Tax Deviser CPAs

KB Tax Deviser CPAs Want to know how much tax savings is available for you? Let's talk! Book a call via the link below:

https://kbtax.org/dcs

We provide the "latest and greatest" in technology, accounting and tax that is simple and easily digestible. We will provide you with guidance and clarity, which will lead more money in your pocket to design and build your AMERICAN DREAM LIFE. Not every business runs the same or has the same needs, hence we do not use a cookie-cutter approach. We take the time to develop a complete understanding of your personal and business life, and offer targeted financial guidance to accelerate your business success and rescue the tax dollars. Our expertise in accounting, business management, price psychology and proactive tax reduction will not only bring you more clarity and confidence to run your business, but will also bring you more money and time to design the life of your dream

The specific language in a partnership agreement governing how income, guaranteed payments, and distributions are alloca...
10/09/2026

The specific language in a partnership agreement governing how income, guaranteed payments, and distributions are allocated has a direct and material effect on each partner's personal tax outcome, yet many partners have never closely read the sections of their own agreement that actually govern this allocation.

- Allocation language in the partnership agreement directly shapes how income is reported on each partner's K-1
- Special allocations, if included, can shift the tax outcome in ways that differ from a simple ownership percentage
- Reviewing this language with a tax professional, not just a business attorney, closes a common gap in understanding

The agreement was reviewed by a lawyer for its legal terms. It deserves a tax review for its tax terms as well.

Let's review how your partnership agreement is shaping your tax outcome: https://hubs.li/Q04zN88g0

A partner's K-1 reports their allocated share of partnership income, which frequently differs from the actual cash distr...
10/09/2026

A partner's K-1 reports their allocated share of partnership income, which frequently differs from the actual cash distributed to them during the year, since income can be allocated and taxed even when it was reinvested in the business rather than distributed, a mismatch that catches many partners off guard at filing time.

- Allocated income on a K-1 can exceed actual cash distributions when profits are reinvested rather than paid out
- Tax can be owed on income a partner never actually received in cash during that specific year
- Understanding this gap in advance prevents an unwelcome surprise when the K-1 finally arrives

The K-1 reflects what you were allocated, not necessarily what landed in your bank account.

Let's walk through what your K-1 means for your personal tax picture: https://hubs.li/Q04zN7Lt0

Despite its name, franchise tax is not related to owning a franchised business, it is a fee many states charge simply fo...
10/09/2026

Despite its name, franchise tax is not related to owning a franchised business, it is a fee many states charge simply for the privilege of operating as a registered entity within that state, and business owners who assume it does not apply to them because they are not part of a franchise frequently discover the requirement only after a penalty notice arrives.

- Franchise tax applies to entities registered in a state, regardless of whether the business is an actual franchise
- Rates and calculation methods vary considerably from one state to another, with no uniform national standard
- Missing an annual franchise tax filing can result in penalties and, in some states, administrative dissolution

The name is misleading. The filing requirement, and the penalty for missing it, are not.

Let's check whether your business currently has any outstanding franchise tax obligations: https://hubs.li/Q04zN7xx0

Using debt to finance real estate purchased inside a self-directed IRA can trigger unrelated debt financed income tax, a...
10/09/2026

Using debt to finance real estate purchased inside a self-directed IRA can trigger unrelated debt financed income tax, a tax most investors have never encountered elsewhere in their portfolio and understanding how this applies before financing a purchase can meaningfully change whether debt is the right approach at all.

- Financed real estate inside an IRA can trigger unrelated debt financed income tax on the leveraged portion
- This tax applies specifically to the debt financed percentage of the investment, not the full property value
- Understanding this exposure in advance changes whether financing the purchase makes sense at all

A financing strategy that works perfectly outside an IRA can introduce a tax that did not previously exist inside one.

Let's model this tax before you finance your next IRA held property: https://hubs.li/Q04zBhxs0

The Employee Retention Credit produced substantial refunds for many businesses during and after the pandemic, and the IR...
10/08/2026

The Employee Retention Credit produced substantial refunds for many businesses during and after the pandemic, and the IRS has since significantly increased scrutiny of those claims, meaning businesses that claimed the credit, particularly those that used a third-party promoter, should proactively review the documentation supporting their original claim.

- IRS scrutiny of prior ERC claims has increased substantially since the credit was originally made available
- Claims prepared by third party promoters have drawn particular attention during subsequent review
- Proactively reviewing and organizing supporting documentation now strengthens the position if a claim is examined

A credit already received is not necessarily a credit already settled, and treating it as settled without review carries real risk.

Let's review your ERC documentation before the IRS asks you to: https://hubs.li/Q04zBgBx0

If an ERC claim is later determined not to have qualified, the business does not simply lose the anticipated benefit, it...
10/08/2026

If an ERC claim is later determined not to have qualified, the business does not simply lose the anticipated benefit, it can face a repayment obligation for funds already received, along with interest and potential penalties, a consequence considerably more serious than a routine denial of a proposed but unpaid deduction.

- A disqualified claim can result in an obligation to repay funds already received, not merely a denial going forward
- Interest and penalties can apply on top of the underlying repayment obligation itself
- Understanding the strength of the original claim now is considerably better than discovering weaknesses during an exam

A refund already deposited feels final. Under current IRS scrutiny, it is not necessarily final at all.

Let's assess the strength of your original ERC claim before it is examined: https://hubs.li/Q04zBb270

While scrutiny of prior claims has increased considerably, some businesses that genuinely qualified for the Employee Ret...
10/08/2026

While scrutiny of prior claims has increased considerably, some businesses that genuinely qualified for the Employee Retention Credit never claimed it at all, and depending on the specific tax periods involved, a narrowing window may still remain to file a properly substantiated claim, provided the underlying qualification is genuine and well documented.

- Certain prior periods may remain open for a properly substantiated ERC claim, depending on specific dates
- Genuine qualification, thoroughly documented, remains the deciding factor regardless of current scrutiny levels
- The filing window for remaining eligible periods continues to narrow, making timely review worthwhile

Increased scrutiny targets weak claims. It does not eliminate the opportunity behind a genuinely qualifying one.

Let's find out if you still have a genuine, well documented claim available: https://hubs.li/Q04zB7KZ0

Interest expense disallowed each year under the Section 163(j) limitation is not permanently lost, it generally carries ...
10/08/2026

Interest expense disallowed each year under the Section 163(j) limitation is not permanently lost, it generally carries forward and can be deducted in a future year once the business's adjusted taxable income supports a larger allowable deduction, which makes tracking the carryforward amount meaningfully important over time.

- Disallowed interest expense carries forward indefinitely until it can be used in a future qualifying year
- Tracking the carryforward accurately prevents the benefit from being lost through poor recordkeeping
- A business anticipating income growth should factor the carryforward into future year tax projections

The deduction delayed is not a deduction lost, provided it is actually tracked correctly in the meantime.

Let's make sure your interest expense carryforward is being properly tracked: https://hubs.li/Q04zrGjZ0

A business that has always deducted its full interest expense without issue can cross the revenue threshold that trigger...
10/07/2026

A business that has always deducted its full interest expense without issue can cross the revenue threshold that triggers Section 163(j) simply as a result of growth, meaning a strong year of revenue growth can produce the unwelcome side effect of a newly limited interest deduction that was never a concern in prior years.

- Crossing the applicable revenue threshold can happen purely because of business growth
- A limitation that never applied in prior years can suddenly apply once that threshold is crossed
- Anticipating this threshold ahead of time allows the business to plan around the resulting limitation

Growth solves many problems and occasionally introduces a new one; this being a genuine example of the latter.

Let's check where your business currently stands against this threshold: https://hubs.li/Q04zrFCM0

A self-directed IRA can hold real estate, private businesses, and other alternative assets beyond the standard menu of s...
10/07/2026

A self-directed IRA can hold real estate, private businesses, and other alternative assets beyond the standard menu of stocks and mutual funds, allowing real estate income and appreciation to grow inside a tax advantaged retirement account, provided the strict rules governing prohibited transactions and disqualified persons are followed exactly.

- A self-directed IRA can hold real estate directly, with rental income and appreciation growing tax deferred or tax free
- Prohibited transaction rules strictly limit personal use of the property and dealings with disqualified persons
- A violation of these rules can disqualify the entire IRA, not merely the specific transaction involved

Flexibility is genuinely rare. The rules governing that flexibility leave essentially no margin for error.

Let's talk through whether a self-directed IRA fits your real estate goals: https://hubs.li/Q04zrDnF0

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