To get my complete, FREE articlewith all the details… NOTE: This issue of the Tax Reduction Letter is a“refresher” on an important topic. It’s the last ofa three-part series and I suggest you review parts 1 and 2to get complete information. Are you about to sell your home, or thinking about putting it on the market? Then I’ve got good news for you… You … [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...]
A Sneak Peek Inside an IRS Playbook
To get my complete, FREE articlewith all the details… You open the mailbox and there it is… That dreaded letter from the IRS informing you that you’re going to be the target of a comprehensive audit. Ouch! (By the way, the stiff drink you gulp down, and the adult diapers you purchase, are NOT deductible!) Are you prepared for your audit?Your IRS agent sure … [Read more...]
IRS Audit Issue: SUV Built on Car Chassis
To get my complete, FREE articlewith all the details… “When is an SUV a car, and when is it a truck?” This may sound like a riddle, but believe me, it’s not. It’s the basis for a painful IRS audit aimed at an innocent taxpayer. Here’s the story.(Strap on your seat belt. You’re in for a wild ride.) Check out the IRS’s twisted logic… An SUV that’s built on a … [Read more...]
Now, Deduct 100% of Your Business Meals!
To get our complete, FREE articlewith all the details… Eat, drink, and be merry, because tomorrow you dine. Why should you be merry? Because thanks to a new law and new IRS regulations, all your business meals qualify for a 100% tax deduction! This includes restaurant meals, take-out, and delivery! Read the full, complete article for full details. Here’s the … [Read more...]