To get my complete, FREE articlewith all the details… One of our husband-and-wife subscribers to the Tax Reduction Letter had a big tax deduction denied by the IRS. But thanks to the advice they got in one of our issues, they were able to successfully win their appeal and keep their $55,000 deduction! Here’s the back-story. The husband and wife owned three … [Read more...]
Audits
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Closed! The PayPal 1099-K Reporting Loophole
To get my complete, FREE articlewith all the details… Using PayPal, and similar payment services, can be a great way to pay bills and shop online. However, as the IRS discovered, when taxpayers use third-party settlement organizations (TPSOs) like PayPal, they can use a loophole in the law that makes it easy to avoid declaring income. Here’s how they did it. Under … [Read more...]
These Four Business-Mileage Rules Can Save You Big Money!
To get my complete, FREE articlewith all the details… If you drive for business purposes (and I bet you do!), my new article makes must reading. Why? Because you should know about four important IRS business-mileage rules… one of which will apply to you! If you have a home office, or even if you don’t, you should read my new article now! See my complete article … [Read more...]
Double Trouble: Disaster Strikes, Then You’re Hit with an IRS Audit
To get our complete, FREE articlewith all the details… Consider the following frightening scenario. Your office burns to the ground in a fire and you barely escape with your life. But did you also escape with your computer systems and paper records? I sure hope so. You see, if you don’t have backups of crucial documents, you could be in a world of trouble. Why? … [Read more...]
Congress Passes Corporate Transparency Act: What It Means for You
Say goodbye to privacy.Say hello to new reporting requirements. Read the full article:“Congress Passes Corporate Transparency Act:What It Means for You” Are you running an LLC or a corporation? Then be prepared for an important change in the law… Starting in 2022, the new Corporate Transparency Act (CTA) goes into effect… For the first time, federal law will … [Read more...]