To get my complete, FREE articlewith all the details… Can you answer these two important questionsabout your partnership agreement?… Does your agreement spell out exactly when a partner can deduct unreimbursed partner activity (UPE)?Is your agreement crystal clear about when your partnership can treat some partner activity as if the partner were a 1099 worker? Why … [Read more...]
Available Tax Credits for Schedule C Business Owners with Employees
To get my complete, FREE articlewith all the details… If you’re running a Schedule C business,Uncle Sam has some good news for you! Thanks to your rich uncle, there are eight valuable tax credits that you may be eligible for when you have employees or hire employees to work in your Schedule C business. And you may be able to claim more than one! Here are the … [Read more...]
Make Extra ‘Catch-Up’ Contributions to Retirement Accounts for Big Benefits
To get my complete, FREE articlewith all the details… Have you reached age 50? Then you’re in luck. You see, if you’ve hit the Big Five Oh, you can make additional “catch-up” contributions (additional money!) to certain tax-advantaged retirement accounts. This can add a whole lot of money to your accounts as time goes by. And I can prove it. Here are the … [Read more...]
Say Goodbye to the ERC for the Fourth Quarter
To get my complete, FREE articlewith all the details… Now you see it. Now you don’t. I’m talking about the employee retention credit (ERC). Here’s the sad story of the ERC’s repeal… As you may remember, back in April 2020, the ERC was adopted as part of the Coronavirus Aid, Relief, and Economic Security Act. This important legislation was extremely helpful. … [Read more...]
Selling Appreciated Land? Here’s How to Get the Best Tax Deal
To get my complete, FREE articlewith all the details… Do you own appreciated landthat you plan to develop and sell? Then you should create an S corporation right now! Why is this such a good idea? Because you can use your S corporation to lock in favorable capital gains tax treatment which can save you a ton of money! Here’s the tax situation in a … [Read more...]