If you have a stock portfolio, this issue of the Tax Reduction Letter makes must reading. Why? Because it explains how you can turn your portfolio into a year-end tax reduction machine. That’s right. If you know how to play the game, you can use IRS rules to dramatically slash your tax bill. And best of all, it’s easy to do. Sound good? It is good as you’ll learn when … [Read more...]
Five 2018 year-end tax strategies for marriage, kids, and family
It’s almost time to say goodbye to 2018. But before you do, I urge you to read my new article. Why? Because I’ll tell you how to use five year-end tax deduction strategies that can save you a lot of money. Don’t miss this opportunity to take advantage of the money-saving breaks that Uncle Sam is ready to give you. Act now and read my new article titled Tax Tips: 2018 … [Read more...]
Four 2018 last-minute Section 199A tax strategies
2018 is the first year you need to do year-end Section 199A tax planning. And if you fail to plan, there are consequences. Big consequences. For starters, you could miss out on the huge 20-percent deduction you may be entitled to. Ouch! But don’t worry. It’s not too late to bring your Section 199A deduction back to life. The first thing you need to do is take a minute … [Read more...]
Can you deduct defunct S corporation expenses?
In many past issues of the Tax Reduction Letter we’ve talked about how to get the greatest tax benefits from your S corporation. But what happens if you decide to close down your business? What then? Can your S corporation deduct business expenses that you paid after you officially dissolved the corporation? We’ll answer this and other important questions when you read … [Read more...]
Update on claiming business-deductions for work-related education
Continuous education can be extremely valuable for you and your employees. But when it comes to deducting the cost of continuous work-related education, the Tax Cuts and Jobs Act has proven rather unhelpful. In fact, the law has made some unpleasant changes you really need to know about. You’ll get a tremendous amount of timely, important information when you read my new … [Read more...]