Turn Independent Contractors into Employees Trouble-Free The IRS rewards business owners who fix their worker classification mistakes. I’ll tell you how. “Turn Independent Contractorsinto Employees Hassle-Free” To get my complete articlewith all the details... There are three monsters you may have heard of... Dracula who drinks blood. Godzilla who … [Read more...]
Increase Your Tax Deductions Using the Business-Mileage Rule
“Increase Your Tax DeductionsUsing the Business-Mileage Rules” To get my complete articlewith all the details... Always pay attention to the rules of the road. And always pay attention to the IRS’s mileage rules of the road if you want to save on taxes. What is a mile? A distance of 5,280 feet? Well, the IRS isn’t content to answer the question simply. … [Read more...]
Tax-Deductible Cruise Ship Travel to Mexico
“Take a Tax-DeductibleCruise Ship Trip to Mexico!” To get my complete, FREE articlewith all the details... Pack your bags. Buy your cruise ship tickets, and head off to your business meeting in style. (Think of the IRS as your friendly travel agent!) That’s right. You don’t have to hold your next business meeting at the office. Thanks to the tax-code rules … [Read more...]
Are Self-Directed IRAs for Real Estate a Good Idea? Maybe Not (Part 2)
Are Self-Directed IRAs for Real Estate a Good Idea? Maybe Not (Part 2) A quick review of Part 1 Part 1 explained several drawbacks of placing real estate in a self-directed IRA. In this article I’ll explain three more problem areas you need to consider before putting real estate in a self-directed IRA. Sure, it sounds good to buy real estate for a self-directed … [Read more...]
Are Self-Directed IRAs for Real Estate a Good Idea? Maybe Not (Part 1)
Are Self-Directed IRAs for Real Estate a Good Idea? Maybe Not (Part 1) Keeping real estate in a self-directed IRA may seem like a smart move. But beware of the possible consequences! To get my complete articlewith all the details... Yes. Holding real estate in your self-directed IRA does have advantages. For example, it diversifies your retirement … [Read more...]