“What can you deduct: 0, 50%, or 100%? To get our complete, FREE articlewith all the details… COVID-19 is going away, perhaps by early summer. It’s time to start thinking business meals and partying with your employees. The chart in this article gives you a helicopter view of the latest business meal and entertainment rules. CLICK HERE to see the chart. … [Read more...]
Legislation
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IRS Defines Real Property for Section 1031 Like-Kind Exchanges
To get our complete, FREE articlewith all the details… To paraphrase the Bible… “The IRS giveth and the IRS taketh away.” What the Tax Cuts and Jobs Act (TCJA) took away was Section 1031 tax-free like-kind exchanges for personal property. What was given, was a change in the law that limits (so-called) exchanges to real property only. So what does Section 1031 … [Read more...]
How Renovating a Historic Building Can Put Cash in Your Pocket
To get our complete, FREE articlewith all the details… Have you heard of the federal “Rehabilitation Tax Credit”? If you haven’t, our new article makes must reading. You see, the Rehabilitation Tax Credit is a 20% tax credit available to owners or leaseholders who renovate certified historic buildings. Tax credits, unlike deductions,slash your tax bill … [Read more...]
Now, Deduct 100% of Your Business Meals!
To get our complete, FREE articlewith all the details… Eat, drink, and be merry, because tomorrow you dine. Why should you be merry? Because thanks to a new law and new IRS regulations, all your business meals qualify for a 100% tax deduction! This includes restaurant meals, take-out, and delivery! Read the full, complete article for full details. Here’s the … [Read more...]
PPP Is Extended—Get your Free Money Now or Miss Out!
“PPP Is Extended—Get YourFree Money Now or Miss Out!” To get our complete, FREE articlewith all the details… Good news! Lawmakers have recently made more Payroll Protection Money (PPP) available to you if you act immediately! Whether you’re applying for a first draw or second draw, free PPP money is yours for the asking if you apply by: May 31, 2021or until the … [Read more...]