If you’ve got two cars in your household, and are claiming business tax deductions for just one, you may be losing money. You see, if your circumstances are right, you might get a hefty increase in deductions by using the two-car strategy. How does it work? You’ll get all the details when you read my new article titled Tax Tips: Find New Tax Deductions with Two-Car Tax … [Read more...]
Best Home-Office Deduction for S or C Corporation
Do you own an S or C corporation? If the answer is “yes,” and you want to claim a tax deduction for an office in your home, my new article is for you! You see, there are three ways to claim the deduction and I’ll explain which one you should choose. Selecting the wrong method can prove costly, so don’t miss my new article titled Tax Tips: The One Best Way to Claim a … [Read more...]
How to keep your 1099 from starting an IRS audit
Careful! An incorrect 1099 that overstates your income is a problem that can lead to a painful tax audit. What can cause errors? One huge cause of incorrect 1099s is a misunderstanding of what 1099 income really is. Another cause of problems is correcting your 1099 the wrong way. But don’t worry. We’ll clear up the confusion when you read our brand new article titled Tax … [Read more...]
How to keep your yacht deduction from sinking
If you own a yacht or a luxury boat, there’s something you should know before you shout “anchors away.” I’m talking about the IRS tax rules that govern luxury boat deductions. What are they? We’ve done research on the subject and put together an easy-to-understand article you won’t want to miss. For all the details, check out my new article that’s like a life preserver for … [Read more...]
How to get a deduction just for thinking!
Are you considering buying an existing business? I have good news for you… Tax deductions start the moment you begin thinking about the business you want to buy. This may sound too good to be true, but it is true. That’s because the law that governs tax-deductible expenses is (for once!) stacked in your favor. Want to find out more? Don’t miss my new article titled Tax … [Read more...]