When it comes getting a tax deduction, all vehicles are not created equal. In fact, there are huge differences in what you can deduct, depending on whether you buy a car, a pickup truck, or an SUV. And that’s just for starters. You see, the differences within each of these categories actually depend on the weight of the vehicle! If you want to be a winner the next time you … [Read more...]
The right way to claim business entertainment deductions
Can you successfully claim a business deduction for that breakfast meeting at a hotel? Or dinner at a night club? Or a meeting at a vacation resort? Or a round of golf at your club? The answers to these and related questions can be extremely tricky. Which is why you should check out my new article right now. It explains the crucial difference between “business” and … [Read more...]
Deductions for mileage driven to your rental properties
If you own a rental property, no doubt you’re going to visit it from time to time. Maybe there’s a leak that needs fixing. Or perhaps you want to hand over the keys to a new tenant. In any case, if you’re driving to your rental units you need to ask yourself these three questions: Question #1: “For tax purposes, how do I treat a trip from home to my rental … [Read more...]
Boost deductions when you use more than one vehicle
Do you have more than one car in your household? If the answer is “yes,” my new article makes must reading. You see, if you consult the tax code, you’ll discover that you can score some hefty tax deductions by using more than one vehicle for business. What exactly does the IRS have to say about multiple vehicle use? How can you save money by driving more than one … [Read more...]
How to deduct business-travel expenses the right way
Before you pack your bag for your next business trip, I urge you to read my new article. Why? Because it provides answers to questions about travel tax-deductibility that can save you big money. If you take trips to visit clients, attend conferences, or for any other business purpose, now’s the time to read my new article titled Tax Tips: Answers about Tax-Deductible … [Read more...]