“Travel to a Fancy Resort Hotel Where You Can Use Your Laptopfor Continuing Education (CE)” To get my complete, FREE articlewith all the details… Do you need continuing education credits? Well, in my new article I'll explain how to get them... and get them in luxury! Plus, you’ll learn how the IRS allows you to enjoy business deductions for your travel and meals … [Read more...]
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If I Hire My Kids, Can I Give Them Tax-Free Education Benefits?
“If I Hire My Kids, Can I Give Them Tax-Free Education Benefits? To get my complete, FREE articlewith all the details… As you know, owning your own business has terrific advantages. One that’s particularly valuable is the ability to get some very big tax deductions when you have your business pay for your children’s education. (At least in some … [Read more...]
Three answers to ‘Paying for College’ questions
To get my complete, FREE articlewith all the details… In a recent article, I explained how, by paying your college student to do a job for your business, you could save a lot of money. For example, let’s say you paid your youngster $23,255 for a one-time job; one that wasn’t subject to self-employment taxes. Using this strategy, you could deduct the $23,255 and … [Read more...]
How 529 College Savings Account Withdrawals Are Taxed
To get my complete, FREE articlewith all the details… Definition: 529 Plan. 529 plans are tax-advantaged accounts thatare used to help pay for qualified educationalexpenses. What you may already know: The big advantage of a 529 plan is that “qualified” withdrawals from the account are usually federal and state income-tax free. The plan is a great way to … [Read more...]
Refresher on Tax-Smart College Savings Strategies for Parents
You already know that college is expensive. But only when you start writing checks to cover your youngster’s college bills, do you really start feeling the terrible pain. How much pain? Well, the average cost of college tuition, fees, and room and board was recently running at $32,500.If your son or daughter is heading to a private, non-profit four-year college, you’ll … [Read more...]