It’s true. The IRS actually does have great news for you! You see, Uncle Sam has just decided to help out rental-property owners who’ve used the rental property as their principal residence. Here’s the story in a nut shell… Thanks to the latest IRS advice, when you sell your rental property you could end up with a negative total tax on the sale. Getting this “negative” tax … [Read more...]
The smart way to pay for employee health insurance
It’s true that the Affordable Care Act lets you pay for your employees’ health insurance. But to do so, you have to increase their taxable compensation. That’s no bargain because doing so means higher taxes for both you and your employees. Ouch! Want to learn tax-advantaged ways to pay for employee health insurance without violating the Affordable Care Act or exposing … [Read more...]
How to buy a historic building with tax credits
Would a unique historic building be perfect for your office? It may be a lot more affordable than you think. You see, the federal government and state governments want you to rehabilitate these historic buildings -- and they give you an attractive financial incentive to do so. Here’s their deal… If you invest in and restore a historic building, federal and state … [Read more...]
A creative way to slash self-employment taxes
Do you operate your business as a sole proprietorship? If the answer is “yes,” you know that Uncle Sam takes a big share of your profits in the form of self-employment taxes. But there’s good news… With the help of your spouse, you can reduce your self-employment tax bill by using an innovative but simple rental strategy. You see, if you rent an office from your spouse, you … [Read more...]
How to supercharge your travel deductions
If you ever travel away from home on business, my new article makes “must” reading. Why? Because if you know how to play the business-travel deductions game, you can save a ton of money. Want to learn when you can deduct business-travel meals and lodging, and how to turn “personal days” into “business days”? You’ll get this information and a lot more when you read my new … [Read more...]