Download your FREE REPORT right now… “Rental Property & The 199A Deduction” Don’t miss gettingyour Section 199A 20% tax deduction! This special 21-page report normally sells for $79.Now it’s yours FREE with no obligation! Dear Rental Property Owner: Whether you own just one rental property or many, don’t miss this information-packed free report from … [Read more...]
Can the IRS Require Odometer Readings with the Mileage Rate?
When it comes to calculating a deduction for the business miles you drive, Uncle Sam gives you two choices. You can use… 1. The IRS standard mileage method or 2. The actual vehicle expense method In this issue of the Tax Reduction Letter we’ll explain everything you need to know if you’re using the IRS mileage method. Don’t miss this important information. We … [Read more...]
Update on New Court-Approved Way to Defeat IRS Penalties
You and I have something in common. We both hate getting hit with tax penalties. That’s why we should be grateful that the most recent court cases dealing with Section 6751(b) of the tax code have given us a powerful weapon against IRS penalties. Want to learn more about how to put these new rulings to work for you? Read my new article title Tax Tips: Update on New … [Read more...]
IRS FAQs on Section 199A: Nasty? Helpful? Wrong?
On April 11, the IRS posted its updated Section 199A Frequently Asked Questions (FAQs). These FAQs were intended to provide helpful information for taxpayers, but instead, they will cause a lot of confusion and grief. Why? Because following the confusing advice of three of the FAQs will ultimately force some taxpayers to file amended tax returns! What’s going on? We’ll … [Read more...]
How to Handle Multiple Rental Activities and the 199A Deduction
Do you engage in multiple rental property activities? If you do, you’ll find that applying the Section 199A deduction can be complicated indeed. That’s why it’s so important for you to read this new edition of the Tax Reduction Letter. You see, we’ll explain the issues you need to consider if you own multiple properties that can generate the valuable new … [Read more...]