"Unlock the Power of Safe-HarborExpensing for Your Business!" To get my complete, FREE articlewith all the details… 💡 Did you know that two of the most magical words in the tax realm are “safe harbor”? Safe-harbor expensing can revolutionize your tax strategy, eliminating the headache of tracking small-dollar assets, the complexities of depreciation, … [Read more...]
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Are You a “Real Estate Investor” or a “Real Estate Dealer?”
“Are You a “Real Estate Investor”or a “Real Estate Dealer?” To get my complete, FREE articlewith all the details… Acquiring real estate can be a profitable enterprise, but to comply with the law, you have to decide who you are. Are you a real estate investor or a real estate dealer. Here’s how to check out your status. There are two general rules to keep in … [Read more...]
Tax Relief for Wildfires and Storms? You must be kidding
“Tax Relief for Wildfires and Storms?You must be kidding” To get my complete, FREE articlewith all the details… Sure, the IRS provides some tax relief for taxpayers who suffer from natural disasters such as severe storms, wildfires, hurricanes, floods, and tornados. But when you dig a little deeper, you discover that the promised “tax relief” Uncle Sam offers is … [Read more...]
Court Denies Clothing Donations To Goodwill and the Salvation Army
“Court Denies Clothing Donations ToGoodwill and the Salvation Army” To get my complete, FREE articlewith all the details… You’d think the IRS would make it easy for taxpayers to make donations to charities. Sadly, they don’t. The fact is, clothing donations and other items can trigger the “approval requirement” which can trip you up big time. My new article … [Read more...]
Dutch-Treat Business Meals Are Back Again–But Beware
“Dutch-Treat Business MealsAre Back Again–But Beware!” To get my complete, FREE articlewith all the details… Let’s say you go out for a Dutch-treat lunch with a colleague. All is going well when you remember that deductions for your meal may be disallowed. This could happen thanks to the Sutter and Fenstermaker court cases. What is the Sutter all … [Read more...]