Let me ask you two important questions… When is disability income absolutely tax free? When can you, your business, or your corporation deduct disability insurance premiums? You’ll find specific answers in our must-read article from the current issue of the Tax Reduction Letter. It’s titled Tax Tips for Tax-Free Disability Income and Deductible Premiums. Don’t miss … [Read more...]
Surviving a tax audit for entertainment & vehicle deductions
There are two frightening words no one ever wants to hear… “IRS Audit.” Yet, you may be among the countless thousands of men and women whose entertainment and/or vehicle deductions will be closely audited by the IRS. Will you sail through the audit process without a problem, or will you owe thousands of dollars and face possible penalties? You’ll find answers to these … [Read more...]