Flex Tax and Consulting Group

Introduction: A Hidden Tax Opportunity for High-Income Earners and Professionals If you’ve been putting in longer hours lately or earning bonuses tied to extra time worked, there’s good news in the latest IRS update for 2025. The One Big Beautiful Bill (OBBB)—a sweeping federal tax reform signed in July 2025—introduced a new “qualified overtime compensation” […]

Are you building, renovating, or renting out a foreign property while living in the U.S.? If so, the IRS has strict rules about what you can deduct, what must be capitalized, and how to stay compliant—especially if you’re planning to list the property on Airbnb or turn it into a rental. In this guide, we’ll

S-Corporations are often promoted as a go-to tax strategy for self-employed individuals and business owners — and in many cases, they are. But if you already have a high-paying W-2 job, the benefits of electing S-Corp status for your side hustle may be marginal at best — or even counterproductive. Understanding S-Corp taxation for high-income