Tax What If Doctor<\/a> <\/span><\/h2><\/div>![](\"https:\/\/taxwhatifdoctor.com\/wp-content\/uploads\/Blog-Pic-2023.03.21.png\" "\\"Overlooked")
<\/a><\/div>Overlooked Opportunities<\/a><\/span>by TaxDoctor<\/a> on October 7, 2026 at 7:08 pm <\/small>An often overlooked tax savings opportunity comes from not fully understanding how you can use your cars as a deduction on your tax return.\u00a0It is very common for people who have a Schedule C sole proprietor type business to claim their mileage on automobiles. But the privilege of using personal deductions on a tax return is not limited to someone who is filing a Schedule C.\u00a0 For instance, a landlord might own three apartment buildings and file a schedule E on his personal tax return and not feel like he is \u201cself-employed\u201d as he has a full-time W-2 job. However, the use of his personal car on that schedule E is just as deductible as it is for the Schedule<\/p><\/div><\/li>
- <\/a><\/div>Tax Planning and Estate Planning Are a Lot Alike, and Ignored By Most!<\/a><\/span>by TaxDoctor<\/a> on September 30, 2026 at 10:08 pm <\/small>
People try, but \u201cadulting\u201d is hard! \u00a0Kids, pets, job, relatives, friends, bills, medical problems, car problems, work problems all in the last day, so when I have time I will start tax planning.\u00a0 Same as\u2026.so when I have time I will start estate planning, it\u2019s just so far down on most peoples\u2019 day to day list of things to do that all the other issues just cycle in some complex order that nobody understands and the last two items never seem to bubble up to the top\u2026UNTIL THEY DO! If you are a business owner, thoughts of tax planning might bubble to the surface a couple times a year, perhaps March 15th and April 15th (or later if you have<\/p><\/div><\/li>
- <\/a><\/div>Tax Planning: It Isn\u2019t Just For Breakfast Anymore<\/a><\/span>by TaxDoctor<\/a> on September 23, 2026 at 6:10 pm <\/small>
All around the country, there are people in an absolute panic because the real tax deadline for personal tax return\u00a0extension filers is approaching and they\u00a0are running out of time.\u00a0The exception would be for those who have been affected by flooding or other natural disasters and may be given an extended deadline by the IRS.\u00a0Those people may now have additional time to file, but would need to check the IRS website to see if they are in an affected area recognized by the IRS and would be covered by the exception.\u00a0For the rest of us extension filers, there are some choices that need to be made quickly.\u00a0The deadline is just a few weeks away.\u00a0You\u2019re not ready. What do you do?\u00a0 The<\/p><\/div><\/li>
- <\/a><\/div>They Zig, We Zag<\/a><\/span>by TaxDoctor<\/a> on September 16, 2026 at 4:09 pm <\/small>
People who are worried about the 10 year rule, requiring beneficiaries of inherited IRAs to withdraw the entire balance within 10 years, can double that time with a CRT beneficiary in front of inheritors. What if you really have a big IRA and the 10 year rule just isn\u2019t enough of a stretch to help your beneficiary stay out of the top tax bracket? Or any other reason you care about reducing the negative tax impact from the 10-year rule? You could use other remaining tax rules to your benefit by setting up a charitable trust. A charitable trust allows the retirement assets to continue growing tax-deferred, even once the assets are distributed from the retirement account into the CRT.<\/p><\/div><\/li>
<\/a><\/div>Overlooked Opportunities<\/a><\/span>An often overlooked tax savings opportunity comes from not fully understanding how you can use your cars as a deduction on your tax return.\u00a0It is very common for people who have a Schedule C sole proprietor type business to claim their mileage on automobiles. But the privilege of using personal deductions on a tax return is not limited to someone who is filing a Schedule C.\u00a0 For instance, a landlord might own three apartment buildings and file a schedule E on his personal tax return and not feel like he is \u201cself-employed\u201d as he has a full-time W-2 job. However, the use of his personal car on that schedule E is just as deductible as it is for the Schedule<\/p><\/div><\/li>
<\/a><\/div>Tax Planning and Estate Planning Are a Lot Alike, and Ignored By Most!<\/a><\/span>People try, but \u201cadulting\u201d is hard! \u00a0Kids, pets, job, relatives, friends, bills, medical problems, car problems, work problems all in the last day, so when I have time I will start tax planning.\u00a0 Same as\u2026.so when I have time I will start estate planning, it\u2019s just so far down on most peoples\u2019 day to day list of things to do that all the other issues just cycle in some complex order that nobody understands and the last two items never seem to bubble up to the top\u2026UNTIL THEY DO! If you are a business owner, thoughts of tax planning might bubble to the surface a couple times a year, perhaps March 15th and April 15th (or later if you have<\/p><\/div><\/li>
<\/a><\/div>Tax Planning: It Isn\u2019t Just For Breakfast Anymore<\/a><\/span>All around the country, there are people in an absolute panic because the real tax deadline for personal tax return\u00a0extension filers is approaching and they\u00a0are running out of time.\u00a0The exception would be for those who have been affected by flooding or other natural disasters and may be given an extended deadline by the IRS.\u00a0Those people may now have additional time to file, but would need to check the IRS website to see if they are in an affected area recognized by the IRS and would be covered by the exception.\u00a0For the rest of us extension filers, there are some choices that need to be made quickly.\u00a0The deadline is just a few weeks away.\u00a0You\u2019re not ready. What do you do?\u00a0 The<\/p><\/div><\/li>
<\/a><\/div>They Zig, We Zag<\/a><\/span>People who are worried about the 10 year rule, requiring beneficiaries of inherited IRAs to withdraw the entire balance within 10 years, can double that time with a CRT beneficiary in front of inheritors. What if you really have a big IRA and the 10 year rule just isn\u2019t enough of a stretch to help your beneficiary stay out of the top tax bracket? Or any other reason you care about reducing the negative tax impact from the 10-year rule? You could use other remaining tax rules to your benefit by setting up a charitable trust. A charitable trust allows the retirement assets to continue growing tax-deferred, even once the assets are distributed from the retirement account into the CRT.<\/p><\/div><\/li>