Are you thinking about how to handle your retirement accounts and medical coverage/plans from a tax perspective? You should be concerned about these issues because December 31 is almost here and if you take action before that date, you could save yourself a lot of money. We’ll show you proven, totally legal techniques you can use right now (before time runs out) when you … [Read more...]
Fringe Benefits
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Federal Tax Deductions for Section 127 Education of Grandchild
How would you or your corporation like to help pay for your grandchild’s college education (or other training), and get a nice business tax deduction at the same time? Well, you can. All you have to do is know how to take advantage of Section 127 of the tax code. Want to find out more about how to put Section 127 to work for you? Read my new article titled Tax Tips: … [Read more...]
No FICA On Health Insurance for the More-Than-2% Shareholder-Employee
No FICA On Health Insurance for the More-Than-2% Shareholder-Employee Are you running an S corporation? Then you need to know the answer to this important question… How should your S corporation treat the more-than-2% shareholder-employee for Social Security, Medicare, and federal unemployment taxes? You’ll learn how we answer this question and many others when you read … [Read more...]
Creating More Business-Meal Tax Deductions After the TCJA
Eat up! Thanks to changes in the Tax Cuts and Jobs Act (TCJA), it’s now much easier to write-off business meals for you, your customers, other business contacts — and even your spouse! That’s right. The IRS has reverted to the pre-1963 (more business-friendly) “ordinary” and “necessary” business-expense rules. So what are they? We’ll explain fully when you read my new … [Read more...]
How to Deduct Cruise Ship Conventions, Seminars, and Meetings
Sure. You can attend a convention, seminar, or meeting at a hotel somewhere. But wouldn’t it be a lot more fun for these events to take place on a cruise ship or at an exotic location? Well, you can, you know, but you really have to understand the IRS rules which can be tricky. Luckily, we know them all and we’ll show you how to come out a winner when you read my new … [Read more...]