As you know, the government is spending trillions of dollars to help you and your small businesses stay in business. What you may not know is that you have to be very careful when choosing the right form of financial assistance. Why? Because there’s a buffet of tax-relief offerings to choose from. And some of them conflict with other federal relief measures that might … [Read more...]
Social Security
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Self-Employed Senior? Collect Your Rightful Tax Breaks
Are you self-employed? Then I’ve got extremely valuable information waiting for you! You see, if you’re a self-employed senior citizen over 50, you’re entitled to some outstanding tax breaks that younger self-employed folks can’t claim. To find out more about significant tax breaks you shouldn’t miss, read my new article titled Tax Tips: Self-Employed Senior? Collect … [Read more...]
Loophole Closing: Act Immediately to Claim $50,000 Extra from Social Security
Want to take advantage of a huge Social Security benefits windfall? I’m talking about an extra $50,000 you can put in your pocket if you know how to take advantage of a powerful “spousal” strategy. But hurry! A new law will put an end to this totally legal strategy very soon. You’ll get all the details when you read my new article titled Tax Tips: Loophole Closing: Act … [Read more...]
How your 401(k) can help you avoid Social Security penalties
In the lingo of Social Security, “full retirement age” is the age at which you’re entitled to get full or unreduced retirement benefits. Currently, that age is sixty-six. But what happens if you start drawing Social Security benefits before you reach full retirement age? If you do, you could lose a lot of money. Luckily your 401(k) can help you salvage some of the … [Read more...]
The IRS admits it got it wrong
Nobody’s perfect. Including (as if you didn’t know) the IRS. But when they make a mistake, the IRS admits it and this can be very good news for you. You see, in the past, the IRS said that after December 31, 2008, single-member LLCs were subject to corporate payroll tax treatment. Now the IRS and the Treasury Department admit that they did not intend to eliminate the … [Read more...]