Here’s good news for S corporation owners… If you take three steps (that we’ll explain), you can deduct all your health insurance premiums! If you don’t follow our advice, you can be in for nasty surprise. Zero tax benefits. Zilch. The bottom line? We’ve got must-read information waiting for you when you read our new article titled Tax Tips: Three Easy Steps to Deducting … [Read more...]
How a new IRS rule allows property owners retroactive deductions for prior year property fix ups
Attention property owners! This year only, the IRS will let you take extra deductions for certain renovations you made to your business or rental property in prior years! That’s right. The new law gifts you retroactive tax benefits (also known as cash)! EXAMPLE: Say you made major repairs on your property some years ago at a cost of $50,000. Thanks to the new rules, the IRS … [Read more...]
How to get instant deductions and avoid the recapture tax!
When the Godfather makes you an offer you can’t refuse, it’s very wise to accept. And when Uncle Sam makes you an offer of immediate tax deductions that save you time, money, hassles, and also avoid the recapture tax, it also makes sense to accept. You see, thanks to a recent change in the law, you can now get an instant deduction and avoid the recapture tax for virtually all … [Read more...]
How to get a 100% deduction for employee meals
Eat, drink, and be merry, for tomorrow you dine. And you’ll dine 100% tax free if you know the law… as I’ll explain in my new article. That’s right. When you take your employees out to lunch, the IRS normally lets you deduct just 50% of the lunch expense. But, if you know how to play the IRS’s game, you can provide meals for your employees and write off 100% of the … [Read more...]
How to escape the 50% goodwill tax trap
If you own a corporation, start planning right now for the eventual sale or liquidation of your business. Why? Because, as I’ll explain in my new article, handling your business “goodwill” correctly today, could save you hundreds of thousands of dollars in taxes tomorrow… or many years down the road. If you want to learn how to legally avoid paying a huge tax on “goodwill … [Read more...]