“Avoid This S Corporation Health-InsuranceTax-Deduction Mistake” To get my complete, FREE articlewith all the details… If you own more than 2% of an S corporation, you have to follow special rules in order to legally deduct your health-insurance premiums. These demanding health-insurance rules can also apply to family members who work in your business but don’t … [Read more...]
Tax Planning
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Avoid Penalties on Early Withdrawals from Retirement Accounts
Avoid Penalties onEarly Withdrawalsfrom Retirement Accounts To get my complete, FREE articlewith all the details… Do you have money locked up in a retirement account that you’d love to get your hands on? Well, unfortunately, If you’re under age 59 1/2, you typically have to pay a 10% penalty tax on early withdrawals from your accounts. And this penalty tax is in … [Read more...]
SECURE 2.0 Adds New Escapes from the 10% Early Withdrawal Penalty
“SECURE 2.0 Adds New Escapesfrom the 10% Early Withdrawal Penalty” To get my complete, FREE articlewith all the details… The IRS can issue some confusing rulings, but the law is crystal clear on this point . . . If you withdraw your money from an IRA or other retirement account before you reach age 59 ½ , you’ll have to pay a hefty 10% penalty. Ouch! And this … [Read more...]
Is holding real property in a corporation a good or bad idea?
“Is Holding Real Property in a Corporationa Good or Bad Idea” To get my complete, FREE articlewith all the details... My new article is intended to answer a very important question: Does ii make sense for you to hold real property in your corporation? Here’s my advice. For tax reasons, you’re generally well advised NOT to hold real property in your … [Read more...]
Are You a Regular Investor or a Tax-Favored Securities Trader?
“Are You a Regular Investor ora Tax-Favored Securities Trader?” To get my complete, FREE articlewith all the details... __________________________________________________ DEFINITION: Mark to market For tax purposes, mark to market meansresetting the value of say a stock or other asset toits market price on December 31 (or fiscal yearend date if … [Read more...]