“Protect Aircraft-Leasing Tax Deductionsfrom the IRS Hobby Loss Rule” To get my complete articlewith all the details… Not everyone can reach into their pocket and pull out enough cash to pay for an airplane. That’s why you should consider paying for your plane through a leasing arrangement. When you go the leasing route, you can: Defray the costs of … [Read more...]
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Avoid Tax Pitfalls of Aircraft Ownership through an S Corporation
“Avoid Tax Pitfalls of Aircraft Ownershipthrough an S Corporation” To get my complete articlewith all the details… Are you thinking of buying an aircraft through your S corporation? Well, before you start climbing up, up and away, be aware of three dangerous storms that may be right in front of you. Check them out and you’ll navigate those pitfalls … [Read more...]
Convert C to S Corp: Save Thousands and Avoid BIG Tax Problem
"Convert C to S Corp: Save Thousandsand Avoid BIG Tax Problem" To get my complete articlewith all the details… Did you know that you can save a whole lot of money by learning how to avoid the evil built-in gains tax; The tax that often applies when you convert your C corporation into an S corporation. Supposed you’ve decided the S corporationis your preferred … [Read more...]
Give Yourself Some Credit – Up to $32,220 Worth!
“Give Yourself Some Credit –Up to $32,220 Worth!” To get my complete articlewith all the details… Here’s great news you really should know ... If you were self-employed during 2021, you may be eligible to collect up to $32,2200 in tax credits! [NOTE: Partners in a partnership business are self-employed] If you were unable to work for various COVID-related … [Read more...]
1099 Surprises for Corporations
“1099 Surprises for Corporations” To get my complete articlewith all the details… Want to know when you have to issue a Form 1099 to a corporation? That’s right. A corporation! If you want to learn more, and you should, my new article is for you! In it, I’ll explain the surprising details and specific reporting requirements when it comes to dealing with certain … [Read more...]