The IRS takes plenty of your money. So why give them even more than they’re entitled to?
And you may be doing just that. You see, Uncle Sam’s business-entertainment tax-deduction rules can mislead you into cheating yourself out of totally legitimate entertainment deductions.
Want to make sure that you’re taking every penny of every tax deduction you’re entitled to? Then play it smart and start reading my new article titled Tax Tips: Are You Cheating Yourself of Tax-Deductible Entertainment?
Three ways our fact-filled article can help you:
- We’ll explain the right way to follow the “50 percent” rule. Many business owners don’t understand this important IRS rule which costs them big money. We’ll explain the rule to you in easy-to-understand language and show you how to deduct every eligible dollar when you read the full article.
- You’ll learn why you shouldn’t be afraid of the “lavish or extravagant” rule. Yes. The IRS states that “you cannot deduct an expense for entertainment that’s lavish or extravagant.” But they also say that “an expense is not considered lavish or extravagant if it is reasonable considering the facts and circumstances.” We’ll explain this in detail and show you how to save big money when you read the full article.
- We’ll give you information that’s right from the horse’s mouth. Maybe you don’t read through IRS Training Guides… but we do. Which gives us an edge. Everything we write is backed up by chapter and verse quotations from the IRS’s own rules and materials. The bottom line? You’ll learn plenty about claiming legal deductions when you read the full article.