Planning on getting married? Congratulations! Planning on getting divorced? Congratulations! (if they’re in order.) Planning on giving money to family or friends? Congratulations to them and to you for your beneficence! The important point? When you take action and do these things you create very real tax consequences. We’ll tell you how to take advantage of four, … [Read more...]
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A great way to pay for college
Is your child 18 or older? If you’re answering “yes,” my new article is for you. You see, it will explain a great college funding tool that can save you a lot of money. Want to find out how to put this proven strategy to work? Read my new article titled Tax Tips: Paying for College. Three ways our fact-filled article can help you: You’ll learn why you should NOT … [Read more...]
How to convert business property to personal use?
Do you own rental property that you want to convert to personal use? Or how about proprietorship-owned property like cars, desks, and computers? Then be very careful! You see, when you make the conversion, you’re in danger of triggering the depreciation-recapture tax. And it can cost you plenty. Want to learn how to avoid this tax and keep more money for … [Read more...]
How to slash college costs with tax credits
The good news… Uncle Sam offers eleven possible education tax benefits that can save you a lot of money. The bad news… With all those choices it can be hard to know which tax benefit makes the most sense for you. That’s why my new article makes “must” reading. It simplifies things by explaining how you can qualify for one of just two outstanding tax credits. The … [Read more...]
Why paying the “nanny tax” can actually make you money
If you’re paying a nanny at least $1,900 this year, you have to pay the nanny tax. But don’t worry. If you know how to play the game, you can offset most (if not all) of the tax expense. How? By taking advantage of some nice tax breaks. In fact, you can come out ahead as you’ll learn when you read my new article titled Tax Tips: Pay the Nanny Tax and Make Money Doing … [Read more...]