“Business Gym for Your Employees, andMaybe You Too” To get my complete, FREE articlewith all the details… Want to get a gym for your business? No sweat. But as you might imagine, the IRS doesn’t make things easy. You see, you have to be sure to choose the right tax-code sections and regulations to get your deduction. Here’s the root of the problem. The … [Read more...]
Tax Planning
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Your Guide to Bad Debt-Loss Deductions
“Your Guide to Bad Debt-LossDeductions” To get my complete, FREE articlewith all the details… In this issue of the Tax Reduction Letter, I’m going to bring you up to date on a situation I hope you never have to face... Taking a bad debt loss. Here’s the story in a nutshell: KEY FACT: There’s an important distinction that THE IRS makes between business and … [Read more...]
Take Advantage of the Once-in-a-Lifetime IRA-to-HSA Rollover
“Take Advantage of the Once-in-a-lifetime IRA-to-HSA Rollover” To get my complete, FREE articlewith all the details… In this article, I explain how to take advantage of a once-in-a-lifetime opportunity. I’m talking about a chance to do a tax-free rollover of funds from your IRA into your health savings account (HSA). Why should you consider making the … [Read more...]
Don’t Miss Out: Helicopter View of 2023 Meals and Entertainment
Don't Miss Out: Helicopter View of2023 Meals and Entertainment To get my complete, FREE articlewith all the details… Are you aware of the changes to the business meal deduction for the year 2023 and beyond? If not, you could be missing out on important information that could impact your business. The deduction for business meals has changed to only 50 percent, … [Read more...]
Important Tax Forms for Foreign Financial Transactions
Important Tax Forms forForeign Financial Transactions To get my complete, FREE articlewith all the details… With globalization of commerce, more and more individuals and businesses are conducting transactions with foreign entities. As a result, there is a growing need for tax reporting requirements to ensure that all income, assets, and transactions are properly … [Read more...]