The bad news: Nothing is certain except death and taxes. The good news: Thanks to the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (better known as the Bush tax cut extension package) a new, temporary, federal estate and gift tax has been established for 2011 and 2012. Want to learn how to use the new estate tax rules to provide big … [Read more...]
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Bad news from the IRS re: the new health law
New guidance from the IRS on the new health care law is a major downer. Why? Because it says that the owner of a business may not claim the 35 percent tax credit on the health insurance premiums paid to cover his or her spouse. What does this mean to you? You’ll find out when you read my important new article called Tax Tips: IRS Says No Tax Credit on Health Insurance Premiums … [Read more...]
Tax-free supper money
When your employees work overtime, do you provide them with supper or other meal money? If you do, is that meal-money a tax-free fringe benefit, or is it additional W-2 compensation to the employees? You’ll find answers to these questions, plus a lot more, when you read my new article titled Tax Tips: Tax-Free Supper Money Tax Tips. Three ways our fact-filled article can … [Read more...]
12 Last-Minute Tax Tips (unrelated to vehicles)
2011 is almost here, but that doesn’t mean that you can’t save a bundle in 2010! If you are looking for some great IRS-approved ways to slash your taxes, my new article makes “must” reading! To see my valuable tips, check my new article titled Tax Tips: 12 Last-Minute Tax Tips Not Related to Vehicles for 2010. Three ways our fact-filled article can help you: We’ll tell … [Read more...]