To get my complete, FREE articlewith all the details… Did you start a new business after February 15, 2020? If yes, then you may be eligible for a hefty “employee retention credit” (ERC). And what an ERC! The credit is worth up to $100,000 for the third and fourth calendar quarters of 2021! A case study: How Henry and Heide came out winners.And how you can come … [Read more...]
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Make Extra ‘Catch-Up’ Contributions to Retirement Accounts for Big Benefits
To get my complete, FREE articlewith all the details… Have you reached age 50? Then you’re in luck. You see, if you’ve hit the Big Five Oh, you can make additional “catch-up” contributions (additional money!) to certain tax-advantaged retirement accounts. This can add a whole lot of money to your accounts as time goes by. And I can prove it. Here are the … [Read more...]
Selling Appreciated Land? Here’s How to Get the Best Tax Deal
To get my complete, FREE articlewith all the details… Do you own appreciated landthat you plan to develop and sell? Then you should create an S corporation right now! Why is this such a good idea? Because you can use your S corporation to lock in favorable capital gains tax treatment which can save you a ton of money! Here’s the tax situation in a … [Read more...]
Are you a property fixer-up seller or a dealer? The IRS cares!
To get my complete, FREE articlewith all the details… Consider this scenario… • You buy a property• You fix up the property• You sell the property Sounds pretty straightforward doesn’t it? Well, believe me, it’s not! You see, depending on the facts and circumstances relating to your sale, the IRS will determine your tax status. Why does this matter? … [Read more...]
Use “Net Unrealized Appreciation” (NUA) To Cut Taxes
To get my complete, FREE articlewith all the details… NOTE: This new article makes must-reading for…Certain EmployeesAnd…Tax pros with these types of spouses or clients Definition: NUA (Net Unrealized Appreciation) The term NUA refers to the difference between what someone pays for employer’s stock, (the cost basis), and the stock’s appreciated fair market … [Read more...]