If you had health insurance through the Marketplace, your income can make a big difference at tax time. When you sign up, you estimate your household income for the year. The Marketplace uses that estimate to determine how much assistance you receive toward your monthly premiums. When we prepare your tax return, we calculate what you actually qualified for based on your final income and eligibility. Sometimes that means good news. Other times, it means paying some assistance

It’s a structure I see all the time. A business owner operates their company through one entity, and the building is owned in a separate LLC. The business pays rent. The real estate entity shows income or loss. On the surface, it all seems straightforward. But from a tax perspective, it is often not that simple. I recently worked through this exact issue for a dental practice where the owners also owned the building through a separate entity. The building entity had a sizable