Carry Learning Center

If you freelance as a developer, it may be possible to open a Solo Roth 401k before tax season and still make it count for the current tax year. The key issue is timing. Many self-employed workers focus on when they can fund the account. In many cases, the more important question is when the [...]

Even if December has not arrived yet, it is worth understanding the deadline now if you are thinking about opening a Roth IRA. Many people assume they need to open and fund the account before year end to get that year’s contribution treatment. In most cases, that is not true. The IRS generally gives you [...]

Opening a Roth Solo 401k for your LLC sounds complicated, but the document list is shorter than you might expect. The catch? Missing even one key piece of paperwork can delay your plan or lock you out of important features like catch-up contributions. Starting in 2026, new IRS rules make Roth provisions mandatory for certain high [...]

Tax law changes can hit fast, and the 2026 updates from the One Big Beautiful Bill Act are no exception. Employers face new W-2 codes, higher 1099 reporting thresholds, and expanded deductions that affect payroll systems, employee communications, and filing deadlines. These changes apply to forms filed in 2027 for the 2026 tax year, but [...]

Opening a Roth IRA as a startup founder requires surprisingly few documents. A Roth IRA is always an individual retirement account. You open it in your personal name, not as a company benefit plan. The good news? You typically need just two personal identification documents to get started. The key challenge lies in proving you have [...]

Virginia’s 2026 budget negotiations have introduced a handful of tax policy changes that could affect how small business owners plan for the year ahead. The proposals include scaling back certain business interest deductions, phasing out a major data center tax exemption, and increasing standard deductions for individual filers. Some of these changes create new costs. [...]

The IRS issued guidance last week allowing businesses to reverse or make certain tax elections affected by changes in the One Big Beautiful Bill Act, giving some companies a way to revise positions taken under earlier rules. Revenue Procedure 2026-17 covers three areas. It allows eligible businesses to withdraw elections to be treated as excepted trades [...]

A bipartisan bill introduced this week in the House of Representatives would extend full floor plan financing interest deductions to semi-trailer dealers, addressing what industry advocates call an unfair tax disadvantage that has strained cash flow for local dealerships across the country. Representatives Blake Moore, a Republican from Utah, and Norma Torres, a Democrat from California, [...]

The US Tax Court is considering how to respond to the use of artificial intelligence in court filings after attorneys and litigants submitted briefs citing cases that do not exist, according to Judge Mark V. Holmes. Holmes said the court is proceeding cautiously because more than three-quarters of its cases involve self-represented taxpayers rather than lawyers. [...]