Did you know that tax law penalizes depreciation deductions, but actually rewards repair deductions. The impact of these facts on your net worth can be huge!
If you want to learn how to dramatically increase your net worth by repairing your business and rental buildings, I urge you to read my new article titled Tax Tips: Better Tax Deductions for Repairs to Business and Rental Buildings.
Three ways our fact-filled article can help you:
- You’ll get the very latest information! On November 12, 2010, the IRS released its latest audit technique guide on this subject and titled it Capitalization v Repairs. You may not have read this information-packed IRS guide, but WE sure did! Want to find out what the IRS had to say? Read the full article.
- We’ll explain the difference between a “Repair” and an “Improvement.” This may not sound like a big deal to you but it IS a big deal to the IRS. To find out more, read the full article.
- We’ll provide you with other information not to be missed.
We’ll cover “When tenants are in the property,” “The correct way to invoice for repairs,” “Repairs after an event,” “Using similar or less expensive materials,” and lots more. You’ll get the money-saving details when you read the full article.