An important notice toall readers of the Tax Reduction Letter! You are about to face a massive new FinCen filing requirement To get my complete articlewith all the details... Here’s the story. The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued proposed regulations explaining how it intends to implement the Corporate Transparency Act … [Read more...]
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If the IRS Says Your Independent Contractors Are Employees, Use the CSP
If you misclassified your independent contractors, the IRS will come after you. Here’s how to avoid serious problems. Watch out! If the IRS audits your business and decides that you misclassified your independent contractors as employees, you could be in the soup. And deep in the soup. You see, the IRS will assess years of backemployment taxes, plus penalties and … [Read more...]
It’s Tax Filing Season—Mail Correctly To Avoid IRS Trouble
Are you sending documents to the IRS? Make sure they arrive by the required deadlines. Miss it and you’ll suffer. The song says, “Get me to the church on time.” The IRS says, “Get your documents to me on time.” And if you don’t, you’ll have to pay plenty and endure a lot of pain. That’s why this issue of my Tax Reduction Letter makes must reading. It shows you how to … [Read more...]
A Terrific Perk for You, Your Net Worth, and Your Employees
To get my complete, FREE articlewith all the details… The Tax Cuts and Jobs Act certainly did some good. But it also did some not-so-good things… For example, the Act crushed a huge chunk of business entertainment tax deductions. Ouch! Luckily, business entertainment facilities escapedthe crushing, and such facilities continue to be100% tax-deductible … [Read more...]
Cash In on the Home Internet Deduction
To get my complete, FREE articlewith all the details… Do you do some work at home? Then I bet you use your home internet connection. I also bet that you may not know the IRS rules concerning the deductibility of your monthly internet expenses. That’s why I wrote this article in the new issue of The Tax Reduction Letter. I want you to learn how to deduct all the … [Read more...]