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We help high-income consultants, online entrepreneurs, and business owners legally reduce their tax burden, resolve IRS issues, and protect their wealth by providing tax planning and IRS tax resolution services.

𝗪𝗲 𝗵𝗮𝘃𝗲 𝗩𝗜𝗗𝗘𝗢!!What does it really mean to be well?We talk about success, productivity, and building businesses. But how...
10/11/2026

𝗪𝗲 𝗵𝗮𝘃𝗲 𝗩𝗜𝗗𝗘𝗢!!

What does it really mean to be well?

We talk about success, productivity, and building businesses. But how often do we talk about what it takes to stay well while doing all of that?

On this episode of The Boardroom Meeting, Russell Dinkins and I welcomed five professionals who approach wellness from different directions.

We talked about burnout among business owners, the importance of mental health, the impact of community and human connection, natural wellness, and how physical tension can affect daily life.

Also in the show was our discussion about how business owners sometimes wear being busy like a badge of honor. Being busy doesn't automatically mean we're being productive—or taking care of ourselves.

Our guests also shared what wellness means to them, what brings them joy, and the small habits that help them get through the day.

𝗠𝗘𝗘𝗧 𝗢𝗨𝗥 𝗕𝗢𝗔𝗥𝗗 𝗠𝗘𝗠𝗕𝗘𝗥𝗦:
• Dr. Nitasha Strait — Better You Institute: Psychotherapy, emotional regulation, leadership, and burnout among high-performing professionals.
• McKinley Brown: Behavioral health, mental health awareness, overcoming personal challenges, and helping others recognize their potential.
• Blew Kind — D'Griot Cafe: Creating community through storytelling, creative spaces, wellness, and meaningful human connections.
• Ace — Ace Holistics: Herbal education, preventive wellness, healthy habits, and holistic living.
• Lynora Silverman — Infuse My Massage: Therapeutic massage, body awareness, pain management, and physical well-being.

What do you do to protect your own well-being while managing all your responsibilities?

𝗡𝗲𝘄 𝗲𝗽𝗶𝘀𝗼𝗱𝗲𝘀 𝗽𝗼𝘀𝘁 𝗲𝘃𝗲𝗿𝘆 𝗦𝘂𝗻𝗱𝗮𝘆!
𝗪𝗮𝘁𝗰𝗵 𝘁𝗵𝗲 𝗲𝗽𝗶𝘀𝗼𝗱𝗲 𝗵𝗲𝗿𝗲. We have VIDEO!!
𝗬𝗼𝘂𝘁𝘂𝗯𝗲: https://www.youtube.com/
𝗦𝗽𝗼𝘁𝗶𝗳𝘆: https://open.spotify.com/show/1BeEkmV0H6D7wObe3gmzxG
𝗶𝗛𝗲𝗮𝗿𝘁: https://www.iheart.com/podcast/269-the-boardroom-meeting-busi-345811777
𝗔𝗺𝗮𝘇𝗼𝗻 𝗠𝘂𝘀𝗶𝗰: https://music.amazon.com/podcasts/785ca6fe-f445-4612-8b78-0cbfc186fdfd/the-boardroom-meeting-business-networking-talk-show
𝗔𝗽𝗽𝗹𝗲: https://podcasts.apple.com/us/podcast/the-boardroom-meeting-business-networking-talk-show/id6818983082

A young person who won’t open up.A parent trying to set boundaries.A family caring for someone whose memory is changing....
10/04/2026

A young person who won’t open up.
A parent trying to set boundaries.
A family caring for someone whose memory is changing.

These situations call for more than good intentions. They call for listening, practical knowledge, and support.

In this episode of The Boardroom Meeting, Russell Dinkins speaks with the founders of NAN Resource Center and Memory Care Connect about youth resilience, caregiver education, and the experiences that led them to build their organizations.
The conversation brings up a question worth asking: Are we giving the people we care about the support they actually need?

There is also a business lesson here. When community leaders connect, they can find ways to work together that reach beyond either organization’s individual services.
Listen or watch here: https://calendar.narmainc.com/sp/e0e90ab0f65

Share this with a parent, caregiver, or community leader who could use the conversation.

New episodes post every Sunday!
Youtube: https://www.youtube.com/
Spotify: https://open.spotify.com/show/1BeEkmV0H6D7wObe3gmzxG
iHeart: https://www.iheart.com/podcast/269-the-boardroom-meeting-busi-345811777
Amazon Music: https://music.amazon.com/podcasts/785ca6fe-f445-4612-8b78-0cbfc186fdfd/the-boardroom-meeting-business-networking-talk-show
Apple: https://podcasts.apple.com/us/podcast/the-boardroom-meeting-business-networking-talk-show/id6818983082

Selling highly appreciated real estate or a business?The tax planning needs to happen before the sale — not after.One st...
09/28/2026

Selling highly appreciated real estate or a business?

The tax planning needs to happen before the sale — not after.

One strategy that may be worth considering is a Deferred Sales Trust.

Instead of selling the asset directly to the buyer, you first sell it to an independent trust in exchange for an installment note.

The trust then sells the asset to the buyer.

Because you receive payments over time, the capital gains tax is generally recognized as those payments are received rather than all at once.

Why does that matter?

Because instead of immediately losing a large portion of the sale proceeds to taxes, more of the pre-tax proceeds may remain invested and working for you.

That can potentially create:

• More capital available to invest
• Tax deferral over many years
• A structured income stream
• More flexibility than a traditional 1031 exchange
• The ability to move beyond real estate without being forced into replacement property deadlines

But this is not a strategy you set up after the deal is already done.

Timing matters.

The planning generally needs to happen before you sign a binding sales agreement, and the trust must be genuinely independent.

There are also tradeoffs.

For example, unlike holding appreciated real estate until death, this strategy generally does not preserve the potential step-up in basis for heirs.

So the question is not:

“How do I avoid taxes on the sale?”

The better question is:

“How should I structure the sale before it happens?”

If you are considering selling highly appreciated real estate, a closely held business, or private company stock, the planning window may be much earlier than you think.

Schedule a Tax Planning Discovery Call:
https://calendar.narmainc.com/widget/bookings/narmataxplanningdiscoverycall

A business owner can be highly qualified and still talk a potential client out of hiring them.Sometimes it happens in th...
09/27/2026

A business owner can be highly qualified and still talk a potential client out of hiring them.

Sometimes it happens in the first few sentences:

"We're only a small business."
"We're just getting started."
"I don't know if we can handle that."

You may be trying to be honest, but the prospect may hear uncertainty.

In the latest episode of The Boardroom Meeting, Russell Dinkins and I continue our conversation about business low self-esteem. We talk about the language business owners use, the courage required to make difficult decisions, and how to hear "no" without allowing one rejection to define your ability.

One line from the conversation says it plainly: "You don't need to make yourself smaller in order to be truthful."

Listen or watch here: https://open.spotify.com/episode/5mY52AqOP304w25WwjUQbj?si=4ImpTLvkSwaiaxzC_IamLQ

New episodes post every Sunday!

You can also listen to us on the following platforms:
Youtube: https://www.youtube.com/
Spotify: https://lnkd.in/g5uBSpiH
IHeart: https://lnkd.in/gvQfJv8D
Amazon Music: https://lnkd.in/gbEhm-92
Apple: Not yet... soon!

𝗜𝗳 𝘆𝗼𝘂 𝗼𝘄𝗻 𝗮 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗮𝗻𝗱 𝗵𝗮𝘃𝗲 𝗰𝗵𝗶𝗹𝗱𝗿𝗲𝗻, 𝗵𝗶𝗿𝗶𝗻𝗴 𝘁𝗵𝗲𝗺 𝗺𝗮𝘆 𝗯𝗲 𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗺𝗼𝘀𝘁 𝗼𝘃𝗲𝗿𝗹𝗼𝗼𝗸𝗲𝗱 𝗳𝗮𝗺𝗶𝗹𝘆 𝘁𝗮𝘅 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝘁...
09/25/2026

𝗜𝗳 𝘆𝗼𝘂 𝗼𝘄𝗻 𝗮 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗮𝗻𝗱 𝗵𝗮𝘃𝗲 𝗰𝗵𝗶𝗹𝗱𝗿𝗲𝗻, 𝗵𝗶𝗿𝗶𝗻𝗴 𝘁𝗵𝗲𝗺 𝗺𝗮𝘆 𝗯𝗲 𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗺𝗼𝘀𝘁 𝗼𝘃𝗲𝗿𝗹𝗼𝗼𝗸𝗲𝗱 𝗳𝗮𝗺𝗶𝗹𝘆 𝘁𝗮𝘅 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝘁𝗼 𝘆𝗼𝘂.

And no, I’m not talking about putting your 7-year-old on payroll for “consulting.”

- The work has to be real.
- The pay has to be reasonable.
- And the paperwork has to be done correctly.

But when the facts support it, this can be a powerful strategy!

Here’s an example:
A business owner pays her 13-year-old $16,100 in 2026 for legitimate work performed in her Schedule C business.

Because the child’s wages equal the 2026 standard deduction, the child may owe zero federal income tax on those wages.

Meanwhile, the business owner gets a $16,100 wage deduction, reducing her own federal and state taxes.

The result?

Money moves from the parent’s higher tax bracket to the child’s lower, potentially zero, federal income tax bracket.

And there may be another advantage depending on how the business is structured.

In a sole proprietorship or certain spouse-only partnerships:
• Wages paid to a child under 18 may avoid Social Security and Medicare tax
• Wages paid to a child under 21 may avoid federal unemployment tax

Corporations do not get those same payroll tax breaks, but the strategy may still be worthwhile.

There is also a longer-term planning opportunity.

If the child has earned income, some of those wages may potentially fund an IRA. And if the child already owes little or no federal income tax, a Roth IRA may be more valuable than taking a deduction today.

But this strategy falls apart when the documentation is sloppy.

You need:
• Legitimate work
• Reasonable compensation
• W-2 payroll
• Time sheets
• Payroll records
• Proof the work was actually performed

𝗛𝗶𝗿𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝗰𝗵𝗶𝗹𝗱 𝗶𝘀 𝗻𝗼𝘁 𝗮 𝗴𝗶𝗺𝗺𝗶𝗰𝗸.

Done correctly, it can reduce the family’s overall tax burden while teaching your child how the business actually works.

If your child is already helping in your business, this is worth reviewing before year-end.

Schedule a Tax Planning Discovery Call:
https://calendar.narmainc.com/widget/bookings/narmataxplanningdiscoverycall

Real estate investors: the real power of a 1031 exchange is not simply “saving taxes.”It is keeping more of your money i...
09/24/2026

Real estate investors: the real power of a 1031 exchange is not simply “saving taxes.”

It is keeping more of your money invested.

When you sell appreciated rental property outright, capital gains tax and depreciation recapture can reduce the amount of cash available for your next investment.

A properly structured Section 1031 exchange allows you to defer those federal taxes and keep the sale proceeds working for you.

That can give you more purchasing power to:

• Move from a single-family rental into multifamily property
• Trade into a higher-performing asset
• Consolidate several properties
• Reduce management headaches
• Increase cash flow
• Continue building a larger real estate portfolio

And this is not necessarily a one-time strategy.

Investors can use 1031 exchanges repeatedly over the years, continuing to defer the tax while repositioning and growing their real estate holdings.

But there is one thing you cannot afford to get wrong:

The timing.

For a traditional forward exchange, you generally need to engage a qualified intermediary BEFORE the sale closes.

Then the clock starts.

You generally have:

45 days to identify replacement property.

180 days to complete the replacement purchase.

Miss the deadlines, and you can lose the exchange.

There are also reverse 1031 exchanges for situations where you need to acquire the replacement property before selling the existing one, although those transactions generally require more planning and expense.

This is why a 1031 exchange should be part of the conversation BEFORE you put the property on the closing table.

The tax strategy should help drive the transaction — not become something you try to fix afterward.

If you are considering selling appreciated investment real estate, let’s look at the tax impact before the sale is finalized.

Schedule a Tax Planning Discovery Call:
https://calendar.narmainc.com/widget/bookings/narmataxplanningdiscoverycall

Self-employed and paying for health insurance? This is one deduction you don't want to lose.The self-employed health ins...
09/21/2026

Self-employed and paying for health insurance? This is one deduction you don't want to lose.

The self-employed health insurance deduction can reduce your adjusted gross income dollar for dollar. You can claim it whether or not you itemize, and lowering your AGI may also help preserve other tax benefits that phase out as income increases.

But there are rules. Three important tests determine whether your premiums qualify:

1️⃣ Was the plan established under your business?

If you're a sole proprietor or partner, you have flexibility. The policy can generally be in the name of the business or in your own name.

If you're a more-than-2% S corporation shareholder, you don't have that same flexibility. The premiums must run through the S corporation and be included as wages in Box 1 of your W-2.

Pay the premiums personally and don't properly run them through the S corporation, and you can lose the self-employed health insurance deduction.

2️⃣ Were you eligible for subsidized employer coverage?

You can't claim the deduction for any month you were eligible to participate in a subsidized health plan maintained by an employer—whether that's your employer, your spouse's employer, or the employer of a dependent or child under age 27.

And here's the important part: eligibility alone can disqualify you.

For example, if your spouse has employer-sponsored coverage available but declines it so your family can use your policy instead, you generally can't claim the deduction for those months.

3️⃣ Is it actually medical care insurance?

Not every type of insurance qualifies.

Disability income coverage, accidental death and dismemberment policies, and fixed-benefit hospital indemnity plans are not considered medical care insurance for purposes of this deduction.

There's one more limitation: the deduction cannot exceed your net earnings from the business under which the health plan was established.

The deduction can be valuable—but the details matter.

At NARMA Tax Advisors, we help business owners make sure their tax strategies aren't just available—they're structured and implemented correctly.

Most real estate investors wait decades to recover the cost of their property. You don't have to.When you purchase an in...
07/28/2026

Most real estate investors wait decades to recover the cost of their property. You don't have to.

When you purchase an investment property, the IRS generally requires you to depreciate the building over 27.5 years (residential rentals) or 39 years (commercial property).

That's a long time to wait for your tax deductions.

A cost segregation study can accelerate those deductions by identifying portions of the property that qualify for much shorter depreciation lives—such as certain flooring, cabinetry, appliances, parking lots, sidewalks, landscaping, fencing, and other qualifying improvements.

The result?

✅ Larger tax deductions in the early years of ownership
✅ Improved cash flow
✅ More money available to reinvest in your business or portfolio

When combined with current depreciation rules, a properly executed cost segregation study can create substantial first-year tax savings for qualifying property owners.

But here's what many people don't realize...

Cost segregation isn't the right strategy for everyone.

If passive loss limitations prevent you from using the deductions, or you expect to sell the property in the near future, accelerating depreciation may not produce the outcome you're looking for. That's why this strategy should always be evaluated as part of a comprehensive tax plan—not in isolation.

At NARMA Tax Advisors, we help clients determine when a cost segregation study makes sense and how it fits into their overall tax strategy.

Don't leave valuable deductions on the table—or implement a strategy before knowing whether it benefits your situation.

📅 Schedule your Tax Planning Discovery Call today:
https://calendar.narmainc.com/sp/d2fc531ba4d

Good news from the IRS.If you've consistently filed and paid your taxes on time, you may no longer have to ask for first...
07/24/2026

Good news from the IRS.

If you've consistently filed and paid your taxes on time, you may no longer have to ask for first-time penalty relief.

Beginning this summer, the IRS is introducing an Automatic Exemption from Penalty (AEP) for eligible taxpayers. That means qualifying taxpayers won't have to call the IRS or submit a request—the relief will be applied automatically.

Here's what you should know:
✔ Applies to eligible 2025 returns and 2026 quarterly returns
✔ You generally need a three-year history of timely filing and payment (12 consecutive quarters for quarterly filers)
✔ Covers certain failure-to-file, failure-to-pay, and failure-to-deposit penalties
✔ You still owe any tax and interest due

This is a welcome change that reduces paperwork and rewards taxpayers who have consistently met their obligations.

Keep in mind that if you don't qualify for automatic relief, you may still be eligible for penalty relief based on reasonable cause.

Tax laws continue to evolve, and understanding these changes can save you time, money, and frustration.

Have questions about an IRS notice or penalties? Let's talk before you pay more than necessary.

📞 Schedule your Tax Planning Discovery Call.
https://calendar.narmainc.com/sp/d2fc531ba4d

S corporation owners: your health insurance deduction is not automatic.If you own more than 2% of an S corporation, you ...
07/23/2026

S corporation owners: your health insurance deduction is not automatic.

If you own more than 2% of an S corporation, you may be able to deduct health insurance premiums for yourself, your spouse, your dependents, and your children under age 27.

But the deduction depends on doing the reporting correctly.

The S corporation generally needs to either:

• Pay the health insurance premiums directly, or
• Reimburse you for the premiums

Then the premium amount must be included as taxable wages in Box 1 of your W-2.

But here’s the important part:

Those premiums should generally not be included in Social Security wages or Medicare wages.

That means they belong in Box 1 — not Boxes 3 and 5.

Once reported correctly, you may be able to claim the self-employed health insurance deduction on your individual return.

But there are traps.

One of the biggest is compensation.

Your deduction cannot exceed your Medicare wages. So if you take little or no salary from your S corporation, you may lose part or all of the deduction.

That surprises a lot of business owners.

Another issue is family attribution.

Certain family members who work in the business may be treated as shareholders even if they do not directly own stock. That can change how their health insurance needs to be handled.

And be careful with non-owner employees.

Reimbursing employees for individually purchased health insurance outside of an approved arrangement can create serious IRS penalty exposure.

The takeaway:

S corporation health insurance can still be deductible in 2026.

But it needs to be paid, reported, and deducted the right way.

If you own an S corporation, this is worth reviewing before payroll and W-2 reporting are finalized.

Schedule your Tax Planning Discovery Call:
https://calendar.narmainc.com/widget/bookings/narmataxplanningdiscoverycall

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Philadelphia, PA

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Monday 10am - 8pm
Tuesday 10am - 8pm
Wednesday 10am - 8pm
Thursday 10am - 8pm
Friday 10am - 8pm
Saturday 11am - 3pm

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+18774829911

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