Fed up with paying huge self-employment taxes? I’ll show you how to slash them when you read my new article. Enough is enough! As the owner of an unincorporated small business, you’re probably sick of paying the exorbitant self-employment tax. And who can blame you? You work hard only to seethe IRS smash and grab a big chunk of your income. That’s why I urge you … [Read more...]
Self-employment Tax
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Partnerships with Multiple Partners: Tax Pros and Cons
Are you going to run a business with multiple partners? Then know the tax consequences! Yes. There are several big benefits of forming a partnership. For example, your share of gains, deductions, losses, and credits can be passed through to your personal return. But...there are dangerous pitfalls too, which can hurt you badly. I’ll explain both sides of the coin, … [Read more...]
Three answers to ‘Paying for College’ questions
To get my complete, FREE articlewith all the details… In a recent article, I explained how, by paying your college student to do a job for your business, you could save a lot of money. For example, let’s say you paid your youngster $23,255 for a one-time job; one that wasn’t subject to self-employment taxes. Using this strategy, you could deduct the $23,255 and … [Read more...]
Paying for College: A Winning Strategy
To get my complete, FREE articlewith all the details… Do you operate a business? Is your youngster eighteen-years-old or older? Then I have good news for you! If you handle things right, you can use a powerful strategyto build a sizable college fund. That’s right… The strategy explained below can help yousignificantly cut your tax bill. This frees up … [Read more...]
How to Cut Taxes When You Are Self-Employed
To get my complete, FREE articlewith all the details… Some people collect baseball cards. Others collect stamps. Savvy taxpayers, who want to cut their tax bills, collect deductions. Sure. You already know you can claim deductions on everything from business-car usage to home offices. But in my new issue of the Tax Reduction Letter, I’ll show you how to claim … [Read more...]