Here’s a fact that every business owner should know… Depending on how you’ve structured your retirement and medical plans, our year-end tax strategies can slash your 2014 tax bill by $5,000 to $15,000 or more! Does this sound too good to be true? Well, it is true and I’ll prove it to you. In my new article, I’ll explain seven killer strategies that can save you a bundle. … [Read more...]
Retirement
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Why tax-free IRA rollovers just became dangerous
An IRA is supposed to be a safe way to save for a secure retirement. But you’d better be careful! You see, in a recent court case, a judge overturned a long-standing rule on IRA rollovers that turns them toxic unless you handle things the right way. Make a mistake and you could be subject to income taxes, a 10% penalty, plus an additional 20% penalty! Want to avoid a huge … [Read more...]
How to create year-end medical & retirement plan deductions
Time is running out! The fact is, if you don’t act by December, 31 you may lose some big tax deductions that you can (and should!) lawfully claim. I’m talking about medical deductions and retirement-plan contributions that can be positioned as business tax-deductions — deductions that can slash your 2013 tax bill! In my new article you’ll find six practical, proven strategies … [Read more...]
A tax-free fix for a bad annuity
Inheriting an annuity is great. But what happens if the annuity turns out to be a lousy investment? The good news is you’re not stuck with it! That’s right. If you know what you’re doing you can use a Section 1035 tax-free exchange to solve your problem. All it takes is the right information which I’ll provide in my new, free article titled Tax Tips: Mom Dies: Daughter … [Read more...]
Death, taxes, and the Section 179 deduction
When you’re dead, the status of the Section 179 deduction you took on your business vehicle won’t be troubling you much. But you’re alive and kicking! Which means you’re able to read my new article that explains what happens to your Section 179 tax deduction if you die, retire, or become disabled. Okay. I admit that this is not the most cheerful subject in the world, but if … [Read more...]