If you travel out of town overnight on business, you need to know the rules that allow or disallow such travel as tax deductions. My new article explains which days, according to the IRS, are “business days” and which are “personal days.” If you’re even thinking of deducting travel for business purposes, don’t miss this must-read article titled Tax Tips: How the Law Decides If … [Read more...]
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How to audit-proof your self-employed tax records
If you are audited by the IRS, will your deductions stand up to close scrutiny? If you take your case to court, will you come out a winner or wind up owing even more money? You’ll find answers to these important questions in our must-read new article titled Tax Audit Tips for Travel, Entertainment, and Education. Don’t miss it! Three ways our fact-filled article can help … [Read more...]
Tax tips on a failed rental property purchase
The government loves it when you make a lot of money. And why shouldn’t it? It gets to take a nice chunk of your income in the form of taxes. But what happens when you have some bad luck and don’t earn a whole lot? The government still loves you. When your attempt to make money fails, Uncle Sam allows you a tax deduction for your losses. Our new article titled Tax Tips … [Read more...]