A Health Savings Account (HSA) can be a powerful money saver, but you must know the tax consequences of having one. If you want to learn the tax law’s special HSA rules that apply to the S corporation employee-owner, read my new article titled Tax Tips for S Corporation’s HSA. Three ways our fact-filled article can help you: We’ll discuss payments on behalf of employees … [Read more...]
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12 Last-Minute Tax Tips (unrelated to vehicles)
2011 is almost here, but that doesn’t mean that you can’t save a bundle in 2010! If you are looking for some great IRS-approved ways to slash your taxes, my new article makes “must” reading! To see my valuable tips, check my new article titled Tax Tips: 12 Last-Minute Tax Tips Not Related to Vehicles for 2010. Three ways our fact-filled article can help you: We’ll tell … [Read more...]
Tax tips on equipment leases to C corporations
Maybe you already know that renting to your corporation can produce substantial tax advantages. But did you know that even if you fail to collect the corporate rent, tax benefits can be heading your way? That’s right. And you’ll get the details when you read our new article titled Tax Tips on Equipment Leases to C Corporation. Don’t miss it! Three ways our fact-filled article … [Read more...]
Tax tips for home ownership sale to your S corporation
Here’s an important question… If you’re up against the two-out-of-five-year rule (the rule that enables the $250,000 home-sale exclusion, $500,000 if you’re married), what’s the best tax strategy to use? You’ll find a detailed answer in the current issue of the Tax Reduction Letter. It’s titled Tax Tips For Home Ownership Sale To An S Corporation. Here’s your chance to read … [Read more...]
Why a tax audit of your C corporation may be in your future
Watch out! After receiving budget increases in 2009 and 2010, the IRS is in the midst of its largest hiring initiative in recent years. The result? They’ll have scores of new revenue agents auditing small-business C corporations. What’s the threat to you? How can you protect yourself? You’ll find answers in our must-read new article titled Tax Tips: Tax Audits of … [Read more...]