Turn Independent Contractors into Employees Trouble-Free The IRS rewards business owners who fix their worker classification mistakes. I’ll tell you how. “Turn Independent Contractorsinto Employees Hassle-Free” To get my complete articlewith all the details... There are three monsters you may have heard of... Dracula who drinks blood. Godzilla who … [Read more...]
Tax Policy
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Tax-Deductible Cruise Ship Travel to Mexico
“Take a Tax-DeductibleCruise Ship Trip to Mexico!” To get my complete, FREE articlewith all the details... Pack your bags. Buy your cruise ship tickets, and head off to your business meeting in style. (Think of the IRS as your friendly travel agent!) That’s right. You don’t have to hold your next business meeting at the office. Thanks to the tax-code rules … [Read more...]
Are Self-Directed IRAs for Real Estate a Good Idea? Maybe Not (Part 2)
Are Self-Directed IRAs for Real Estate a Good Idea? Maybe Not (Part 2) A quick review of Part 1 Part 1 explained several drawbacks of placing real estate in a self-directed IRA. In this article I’ll explain three more problem areas you need to consider before putting real estate in a self-directed IRA. Sure, it sounds good to buy real estate for a self-directed … [Read more...]
Are Self-Directed IRAs for Real Estate a Good Idea? Maybe Not (Part 1)
Are Self-Directed IRAs for Real Estate a Good Idea? Maybe Not (Part 1) Keeping real estate in a self-directed IRA may seem like a smart move. But beware of the possible consequences! To get my complete articlewith all the details... Yes. Holding real estate in your self-directed IRA does have advantages. For example, it diversifies your retirement … [Read more...]
Alert: You are about to face a massive new FinCen filing requirement
An important notice toall readers of the Tax Reduction Letter! You are about to face a massive new FinCen filing requirement To get my complete articlewith all the details... Here’s the story. The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued proposed regulations explaining how it intends to implement the Corporate Transparency Act … [Read more...]