“C Corporation?Beware of the Hidden Tax” To get my complete articlewith all the details... Do you operate your business as a C corporation? Be careful. Missing a dangerous hidden tax can cost you big money! If you run your business as a C corporation, you have every reason to be happy. You’re enjoying a manageable 21% corporate tax rate You can now keep … [Read more...]
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Cut Employment Taxes With the S Corporation
Fed up with paying huge self-employment taxes? I’ll show you how to slash them when you read my new article. Enough is enough! As the owner of an unincorporated small business, you’re probably sick of paying the exorbitant self-employment tax. And who can blame you? You work hard only to seethe IRS smash and grab a big chunk of your income. That’s why I urge you … [Read more...]
Alert: You are about to face a massive new FinCen filing requirement
An important notice toall readers of the Tax Reduction Letter! You are about to face a massive new FinCen filing requirement To get my complete articlewith all the details... Here’s the story. The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued proposed regulations explaining how it intends to implement the Corporate Transparency Act … [Read more...]
Partnerships with Multiple Partners: Tax Pros and Cons
Are you going to run a business with multiple partners? Then know the tax consequences! Yes. There are several big benefits of forming a partnership. For example, your share of gains, deductions, losses, and credits can be passed through to your personal return. But...there are dangerous pitfalls too, which can hurt you badly. I’ll explain both sides of the coin, … [Read more...]
Health Savings Accounts: The Ultimate Retirement Account
What’s the best way to save for retirement? The surprising answer is a Health Savings Account (HSA). The HSA is a tax-advantaged medical savings account, much like an IRA, that’s paired with a high-deductible health plan. Why is an HSA such a great way to save for retirement? Because an HSA is the only tax-advantaged account that gives you three important … [Read more...]