Are you claiming lower business vehicle deductions than you’re entitled to? The answer may be a definite “Yes!” In fact, lots of taxpayers are paying more than they should. Which is why, in my must-read article, I’ll provide you with sixteen perfectly legal ways to save money on your tax bill. If you are looking for proven ways to increase your business car, SUV, truck, and … [Read more...]
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Take advantage of the IRS’s new cell phone benefit
Surprise! The IRS has some GOOD news for you. If you’ve set up your business as a C or S corporation, the IRS gives you a cell phone fringe benefit that’s not available to sole-proprietorships or single-member LLCs. Want to find out more? Easy. All you have to do is read my brand new article titled Tax Tips: Corporations Beat Proprietorships in Tax Deductions for Cell … [Read more...]
How the IRS uses the Tax Assessor against you
The Web is a fabulous invention, but the IRS has figured out how to use it against you. Here’s the story… For your rental properties, you need proof of your cost-allocation to land and depreciable building. If you don’t have proof of that allocation, the IRS has started using the Web to grab the tax assessor’s allocation and use that number to compute your depreciation … [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...]
Last minute savings on business cars, suvs, etc.
Who says there’s no Santa Claus? Santa (also known as the IRS) has got some great end-of-year gifts waiting for you if you know where to look. You see, thanks to the IRS you can take advantage of some terrific last-minute tax deductions for bonus depreciation and Section 179 expensing on business cars, trucks, vans, and motor homes. And these include those you already own … [Read more...]