Do you travel abroad on business? Then here’s some good news … If you know how to plan your trip correctly, you can combine business and pleasure and deduct most, if not all of the cost! My advice? Before you buy your tickets and pack your bags, read my new article titled Tax Tips: Foreign Travel: Combining Business and Pleasure. Three ways our fact-filled article can … [Read more...]
An important warning concerning your S corporation
Forming an S corporation to save on self-employment taxes is a great idea. BUT … If you earn income and assign it to your corporation, Uncle Sam will crush you like a bug! Want to stay uncrushed? We’ll show you the right way your S corporation can save on taxes when you read my new article titled Tax Tips: Don’t Get Crushed by Assigning Income to Your S … [Read more...]
Beyond the FBAR: Discover Little-Known Tax Traps in Foreign Reporting
It’s a fact … The IRS is going after taxpayers who fail to report their offshore accounts. Yes. You may have filed your FBAR and/or form 8938 and think you’re in good shape, but be aware … Uncle Sam has piled on a bunch of little-known international reporting requirements plus stiff penalties for non compliance. Want to stay out of big trouble with the IRS? Easy! Read … [Read more...]
Four Tax Strategies That Make Buildings Produce More Cash
Good news! Your building, whether it’s a rental property or your office, can likely put money in your pocket. What’s more, you can start saving now with a building you already own, a building you plan on buying, or a building you are renovating. How? By using four money-saving strategies we’ll explain when you read my new article titled Tax Tips: Four Tax Strategies … [Read more...]
The Section 1031 tax program for vehicles
If you sold your business vehicle, would you wind up with a taxable gain? If the answer is “yes,” you could decrease or possibly eliminate your tax bill using a Section 1031 tax-deferred exchange. How can you turn this section of the tax code to your advantage? You’ll find out when you read my new article titled Tax Tips: 1031 Tax Program for Vehicles. Three ways our … [Read more...]