Thinking of becoming self-employed? Before you take the leap, read my new article. Waving goodbye to your boss and going into business for yourself sounds wonderful. And it can be. But before you make the big move, you should be aware of the consequences of your decision. And there are many consequences. The good, the bad, and the ugly. Here’s the story in … [Read more...]
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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...]
Cash In on the Home Internet Deduction
To get my complete, FREE articlewith all the details… Do you do some work at home? Then I bet you use your home internet connection. I also bet that you may not know the IRS rules concerning the deductibility of your monthly internet expenses. That’s why I wrote this article in the new issue of The Tax Reduction Letter. I want you to learn how to deduct all the … [Read more...]
Principal-Residence Gain-Exclusion Break
To get my complete, FREE articlewith all the details… A quick introduction to a very important subject… This issue of the Tax Reduction Letter is Part 2 of my three-part refresher course on how to get the maximum federal income-tax savings from the home-sale gain-exclusion tax break. The gain exclusion at a glance. With residential real-estate markets … [Read more...]
Principal residence gain-exclusion break (Part 1 of 3)
To get my complete, FREE articlewith all the details… Are you going to sell your home, or are just thinking about it? Then you may be eligible to take advantage of one of the most terrific tax-breaks allowed by the IRS! I’m talking about the “Principal Residence Gain Exclusion” break. Why this money saving opportunity is so important now. As you know, the … [Read more...]