Do you own a yacht, hunting lodge, hunting lease, airplane, beach cottage, fishing camp, swimming pool, ski lodge, or tennis court?
If the answer is “yes,”
Read my new article that explains how you can claim a hefty business deduction on these “facilities.”
Yes. The IRS rules on the subject are pretty strict, but the deductions really are there if you know what you’re doing. You’ll get the whole story when you read my new, free article titled Tax Tips: Tax Deductions for Entertainment Facilities (Part 1).
Three ways our fact-filled article can help you:
- We’ll tell you how the IRS defines “entertainment facility.” The legislative history that the IRS uses to create its definition covers ten types of facilities. We’ll list them for you when you read the full article.
- We’ll explain the dangerous “one taint” rule. Make one little mistake and you could destroy all your tax deductions for real or personal property. We’ll show you how to stay out of hot water when you read the full article.
- You’ll learn why C corporations have to be extra careful. If you don’t handle things exactly right, you could face double taxation. (Yikes!) We’ll show you how to play it safe when you read the full article.