Shakespeare asked… “What’s in a name?” Murray Bradford answer… “A nice tax deduction!” That’s right. As you’ll learn in my new article, you can create big tax deductions for your business just by knowing whether to title your car or truck in your personal name or in the name of your corporation. How much money is involved? Well, you can generate hundreds or thousands of … [Read more...]
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How a new IRS rule allows property owners retroactive deductions for prior year property fix ups
Attention property owners! This year only, the IRS will let you take extra deductions for certain renovations you made to your business or rental property in prior years! That’s right. The new law gifts you retroactive tax benefits (also known as cash)! EXAMPLE: Say you made major repairs on your property some years ago at a cost of $50,000. Thanks to the new rules, the IRS … [Read more...]
How to get instant deductions and avoid the recapture tax!
When the Godfather makes you an offer you can’t refuse, it’s very wise to accept. And when Uncle Sam makes you an offer of immediate tax deductions that save you time, money, hassles, and also avoid the recapture tax, it also makes sense to accept. You see, thanks to a recent change in the law, you can now get an instant deduction and avoid the recapture tax for virtually all … [Read more...]
A new law reinstates huge tax savings
It seems like lawmakers always have small-business owners in their gun sights. Well, finally there’s some good news that I’ll explain fully in my new article… This past December lawmakers passed a law they called the “Tax Increase Prevention Act of 2014.” Among its other provisions, the law retroactively reinstated Section 179 and bonus depreciation laws that previously … [Read more...]
How to stop car-sale or trade-in taxes before they hurt
Ready to sell or trade in your business vehicle? Stop! Jam on the brakes! The first thing you should do is read my new article. Why? Because when you sell your business car or truck, you may be adding thousands of dollars to your tax bill. Or creating thousands of dollars of tax deductions. It all depends on how you play the game. That’s right. With a little tax … [Read more...]