As I hope you know, when you take a prospect, colleague, or client to a sporting event, you can deduct 50% of your entertainment costs. No big surprise there. After all, other kinds of business entertainment can also be deducted at the 50% rate. What you may not know, however, is that: If you’re entertaining at a certain kind of “charitable sporting event,” your costs are … [Read more...]
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Three year-end tax strategies for capital gains and stocks
Good news! If you act before we ring in 2013, you can save a lot of money on your tax bill. How? By using the capital gain and loss strategies that I’ll explain in my latest article. And make no mistake. These strategies can help you claim fat tax deductions that you may not be aware of. Don’t miss this chance to act while there’s still time! Consider this your personal … [Read more...]
Get a double deduction for business entertainment
If you ever plow through the IRS tax laws the way we do, you’ll come across some mighty strange rules. EXAMPLE: Let’s say you participate in a skeet shoot for your favorite charity. What can you deduct for tax purposes? Interestingly, the deductions you get for participating in the charity skeet shoot beat both the regular business entertainment tax deduction and the … [Read more...]
Time to take those last-minute tax deductions
The clock is ticking and soon it will be 2012. Which is why you should act now and check out the proven end-of-year tax-planning strategies I highlight in my new article. These last-minute tax planning ideas can help you create or push more deductions into this year so your 2011 tax bill will be lower. Lots of extremely useful information is waiting for you in my new … [Read more...]