The Tax Court works in mysterious ways. And sometimes (though not often enough) it works in your favor.
That’s what happened recently when the 10th Circuit Court of Appeals reversed the Tax Court’s “Shellito decision” which we discussed in a prior article.
The reversal meant that Milo and Sharlyn Shellito were able to reap $20,208 in Section 105 plan deductions! And the Shellito’s success means there’s a chance you could be a Section 105 winner, too.
You’ll get the whole story when you read my new article titled Tax Tips: Shellitos Win Their Section 105 Medical Reimbursement Plan Deductions.
Three ways our fact-filled article can help you:
- We’ll tell you who can take advantage of the money-saving Section 105 plan. This powerful plan can create tax deductions where none existed before, BUT… not all forms of business organization are eligible for these big deductions. Is yours? You’ll find out when you read the full article.
- We’ll explain the biggest benefit of a Section 105 plan. The magic of the plan is that it turns personal medical deductions into tax-favored business deductions. But you’ve got to know how to play by the IRS’s rules. We’ll show you how when you read the full article.
- You will learn how to put an IRS-approved plan in place. It really isn’t hard to do and we’ll walk you through all the steps; from creating a plan document to identifying allowed reimbursements, and more. You’ll get all the facts when you read the full article.