There’s bad news and good news for S Corporation owners. The bad news: The IRS disallows some fringe benefits for employee-spouses The very good news. There are still plenty of outstanding fringe benefits you can provide tax free to your employee-spouse. We’ll tell you all about the goodies waiting for your spouse when you read my new article titled Tax … [Read more...]
Unfiled tax returns? Here’s what to do NOW!
Have you failed to file individual, corporate, or payroll tax returns? If the answer is “yes,” you have a serious and urgent problem that needs to be dealt with immediately! What are the possible consequences of letting things slide? Huge penalties, hefty interest charges, and possible criminal prosecution. If you have failed to file your returns on time, don’t despair. … [Read more...]
7 year-end stock-portfolio tax strategies
2015 is coming to an end very soon, which means now is the time to turn your stock-market portfolio into a powerful tax-cutting machine. But don’t wait! If you want to save money (and who doesn’t), don’t miss our information-packed article titled Tax Tips: 2015 Last-Minute Year-End Tax Strategies for Your Stock Portfolio. Five ways our fact-filled article can help … [Read more...]
4 year-end family tax-planning strategies
Planning on getting married? Congratulations! Planning on getting divorced? Congratulations! (if they’re in order.) Planning on giving money to family or friends? Congratulations to them and to you for your beneficence! The important point? When you take action and do these things you create very real tax consequences. We’ll tell you how to take advantage of four, … [Read more...]
Grab these 5 year-end business deductions!
December 31st is approaching fast. That’s why, if you act promptly, before people start shouting “Happy New Year!,” you can save a lot on taxes. How? Well, in my new article I’ll outline five money-saving strategies designed to save you money. BIG money. So get going while the going is good and read my new article titled Tax Tips: 2015 Last-Minute Year-End General … [Read more...]