If you’re planning on buying a rental property, we hope all goes well and you come out a winner. But what happens if the deal falls through and you lose your deposit, inspection fees, travel costs, etc.? The answer is, Uncle Sam is there to help. That’s right. The law says you can deduct your losses if you follow the IRS’s rules. Want to learn how the tax law can come to … [Read more...]
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Two Paths to Deducting Certain Business Education Expenses
Business-related classes or seminars can provide you with a lot of useful information, but often at considerable cost. That’s why learning how to deduct these costs is so important. The first thing you need to know is that are two paths that lead to hefty deductions. Which path should you take? You’ll find out when you read my new article Tax Tips: Two Paths to … [Read more...]
The truth about tax preparation software
Here’s a fact every business owner should know: Using tax preparation software for your business can be a dangerous business! Why? Because your odds of getting all your numbers into the right categories listed by your software are slim. Which invites an audit from the friendly IRS. Oh, sure. You can buy some type of audit defense or “representation insurance” to protect … [Read more...]
Instant deductions for your start-up business
Thinking about starting a brand new business? Then you need to know how to deduct start-up costs right now. You see, the IRS lets you deduct costs the moment you start thinking about your new business. I know this sounds too good to be true but it is true as you’ll learn when you read my latest article titled Tax Tips: Tax Benefits for Thinking About and/or Starting a New … [Read more...]
Get your personal economic stimulus package
Did you know that “The Small Business Jobs Act of 2010” spends $12 BILLION on small businesses? Are you getting your fair share of this money meant to stimulate the economy? To learn how the one-owner business can cash in on The Small Business Jobs Act of 2010, read our brand new article titled New Law: Another Small-Business Economic Stimulus Package for You. Three ways our … [Read more...]