Do you rent buildings or equipment to your business? Then be careful. Very careful. You see, in all probability you likely face the self-rental rules. If you’re not sure what these rules mean to your business, now’s the time to find out. How you organize your rentals can have huge tax implications. You’ll get complete information when you read my new article titled Tax … [Read more...]
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How to get a fat deduction for your timeshare
It’s a fact: You get the maximum tax benefit from a timeshare when you use it solely for business. But what happens if you use the timeshare for personal purposes only? The answer is, your timeshare can then qualify as a second home for purposes of the mortgage interest deduction. But be careful about renting out your timeshare. Doing so complicates things, generally … [Read more...]
Important news for rental property owners
If you own rental properties, gaining “real estate professional” status can save you a ton of money. Why? Because if you can legitimately claim that you’re a real estate professional you can deduct rental property losses against your other income! Does this mean you have to give up your current career and tend to your rentals 100% of the time? Absolutely not… but there are … [Read more...]
Use passive-loss rules to maximize rental profits
Do you own rental property? Then my new article makes “must” reading. Why? Because it will show you how to put the passive-loss tax rules to work. And these rules are powerful! They can help increase your tax deductions and boost after-tax profits on your house rentals. Don’t miss all the money-making information I’ve got waiting for you in my new article titled Tax … [Read more...]
How to get a deduction just for thinking!
Are you considering buying an existing business? I have good news for you… Tax deductions start the moment you begin thinking about the business you want to buy. This may sound too good to be true, but it is true. That’s because the law that governs tax-deductible expenses is (for once!) stacked in your favor. Want to find out more? Don’t miss my new article titled Tax … [Read more...]