___________________________________________________________I hope this issue of the Tax Reduction Letter finds you and your family in good health. Warmest good wishes at this difficult time from all of us at the Bradford Tax Institute.___________________________________________________________ Who’s afraid of the big bad IRS? Not me… at least not until after July 15 of … [Read more...]
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COVID-19: Significant Payroll and Self-Employment Tax Relief
___________________________________________________________I hope this issue of the Tax Reduction Letter finds you and your family in good health. Warmest good wishes at this difficult time from all of us at the Bradford Tax Institute.___________________________________________________________ Are you in business for yourself? Is your business structured as an S … [Read more...]
Use Our New 2020 Section 199A Calculator
___________________________________________________________I hope this issue of the Tax Reduction Letter finds you and your family in good health. Warmest good wishes at this difficult time from all of us at the Bradford Tax Institute.___________________________________________________________ Yes. These are very difficult times, and right now you’re probably not worrying … [Read more...]
Beware of the Dark Side When Considering the C Corporation
It’s a fact. The Tax Cuts and Jobs Act (TCJA) made the C corporation a lot more attractive than in the past. Why? Because the TCJA created a flat 21% federal income tax rate. That’s a heck of a lot better than paying the 37% maximum federal income-tax rate for individual taxpayers. And there are other reasons for favoring the C corporation. However… we’re writing … [Read more...]
Beat the Unfair $10,000 SALT Cap with a C Corporation
Do run a profitable S corporation? Then you know that before the Tax Cuts and Jobs Act (TCJA) became law, you could deduct foreign, state, and local taxes (SALT) on your Form 1040 Schedule A without limit! Well, the TCJA changed all that. Now, it caps those deductions at $10,000. What can you do to avoid some of this government picking your pocket with the TCJA? Well, … [Read more...]