“2023 Last-Minute Year-EndMedical-Plan Strategies" To get my complete, FREE articlewith all the details… Here are three important questions that I hope you can answer...because they’re important. Are you eligible for COVID-19 sick and family leave tax credits for yourself and/or your employees? Have you reimbursed your employees (including your employee … [Read more...]
2023 Last-Minute Section 199A Tax Reduction Strategies
“2023 Last-Minute Section 199ATax Reduction Strategies” To get my complete, FREE articlewith all the details… The clock is ticking. And if it keeps ticking after December 31 of this year, and you missed paying attention to your Section 199A tax planning, you could be losing a lot of money. Specifically, you could end up with a zero-deduction amount. That’s … [Read more...]
IRS Makes a Mess of the ERC—Here’s What to Do Now
“IRS Makes a Mess of the ERC—Here’s What to Do Now” To get my complete, FREE articlewith all the details… It’s war. That’s right. The IRS is waging war against improper ERC claims. (Employee Retention Credits.) The result? Many tax professionals are becoming overly conservative with their past, current, and future filings for 2020 and 2021 employee retention … [Read more...]
Tax-Free Income From 14-day “Augusta rule”
“Tax-Free Income From 14-day“Augusta rule” To get my complete, FREE articlewith all the details… Are you running an S corporation? Then you should know about the Augusta rule. The Augusta rule gets its name from the Masters Golf Tournament where some members and others who live in the area, receive tax-free rent by renting their homes out for a week or two. … [Read more...]
Why Did Duncan Bass Make 172 Trips to Goodwill and the Salvation Army?
Why Did Duncan Bass Make 172 Trips toGoodwill and the Salvation Army? To get my complete, FREE articlewith all the details… You may remember Duncan Bass from last month’s article: Court Denies Clothing Donations to Goodwill and the Salvation Army. You also may remember that Mr. Bass made the 172 trips to Goodwill and the Salvation Army to keep each receipt below … [Read more...]