To get my complete, FREE articlewith all the details… The last things kids worry about today is how much money they’ll need in retirement. Which is a pity. And that’s why it makes good sense for you to sit them down and have “the talk” with them. No. Not about the birds and the bees. You have to explain to your children (who have W-2 income), how modest, regular … [Read more...]
Corporations
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Answers to Questions about Selling Your Home to Your S Corporation
To get my complete, FREE articlewith all the details… This powerful S corporation strategy makes sense when: You want to convert your home to a rental property and realize the tax benefits of the exclusions, orYou need more time to sell your home to realize the $250,000 exclusion ($500,000 if filing a joint return) This article answers two questions: We’re … [Read more...]
Cash In on the Home Internet Deduction
To get my complete, FREE articlewith all the details… Do you do some work at home? Then I bet you use your home internet connection. I also bet that you may not know the IRS rules concerning the deductibility of your monthly internet expenses. That’s why I wrote this article in the new issue of The Tax Reduction Letter. I want you to learn how to deduct all the … [Read more...]
Selling Appreciated Land? Here’s How to Get the Best Tax Deal
To get my complete, FREE articlewith all the details… Do you own appreciated landthat you plan to develop and sell? Then you should create an S corporation right now! Why is this such a good idea? Because you can use your S corporation to lock in favorable capital gains tax treatment which can save you a ton of money! Here’s the tax situation in a … [Read more...]
2021 Last-Minute Year-End Medical Plan Strategies
I want to ask you an extremely important question. Are you a small-business owner with fewer than fifty employees? If you are, then take my advice… You should definitely have a medical-plan for your business in place before 2022 rolls around! Why? Because having a medical plan makes for a happy workforce and, in the right circumstances, can save you a lot of … [Read more...]