“Defeat the $10,000 SALT CapWith the PTE Tax (Part 2)” To get my complete articlewith all the details... The IRS put a lid on it. Specifically, a $10,000 lid on State and Local Taxes (SALT) deductions. The SALT can kill lots of deductions costing you real money. But hang on a second. Don’t throw in the towel! You see, 29 states have … [Read more...]
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How to Claim the ERC When You Own Multiple Entities
“How to Claim the ERC When You Own Multiple Entities” To get my complete articlewith all the details... Have you claimed the valuable employee retention credit (ERC)? If you haven’t, you can amend your 2020 and 2022 payroll tax returns and claim every pennyyou’re entitled to. In fact, you may be able to claimup to $26,000 per employee! That’s right. I’m … [Read more...]
How to Switch from the Mileage-Rate to the Actual-Expense Deduction Method
“How to Switch from the Mileage-Rateto the Actual-Expense Method” To get my complete articlewith all the details... If you’re using the IRS mileage-rate method to deduct your business vehicle usage, consider changing lanes. You see, switching to the actual-expense method may save you a lot of money. I wouldn’t steer you wrong, so consider this... It’s very … [Read more...]
Inflation Alert: Consider Investing in TIPS
Inflation Alert! “Consider Investing in TIPS” To get my complete articlewith all the details... Looking for a way to protect yourself from inflation? Take a close look at TIPS. The stock market is volatile. The bond market is volatile. So where can you safely invest your money, profit from inflation, and not risk losing a penny? The answer is … [Read more...]
Claiming the $250,000 Exclusion When Your Name Isn’t on the Deed
When it comes to claiming the $250,000 home- sale deduction, things get tricky fast. That’s why you need to read my new article. “Claiming the $250,000 ExclusionWhen Your Name Isn’t on the Deed” To get my complete articlewith all the details... A quick review of the home-sale exclusion. For a short explanation, let’s get it from the horse’s mouth. Here’s what … [Read more...]