To get my complete, FREE articlewith all the details… Good news! The government wants to give money to small businesses just like yours! Why has Uncle Sam created this pretty much no-strings-attached giveaway via the Employee Retention Credit (ERC)? Because lawmakers know that small businesses help power the economy and they want to make sure that small businesses … [Read more...]
Harvest and store your tax losses on Bitcoin and more
To get my complete, FREE articlewith all the details… No one likes to lose money on their investments. However, there is a provision in the tax code that can take away some of the pain. I’m talking about the chance to take advantage of “tax-loss harvesting.” In this article, I’ll explain how tax-loss-harvesting rules affect the selling and repurchasing of … [Read more...]
Why the court denied passive-loss deductions on rentals
To get my complete, FREE articlewith all the details… Do you own rental property that’s losing money? If you do, you’d better understand the IRS’s “passive loss” rules. You see, if you know the rules and follow them, you can maximize your rental profits. If you don’t you’re inviting an IRS audit. Ouch! Are you going to come out apassive-loss winner or a … [Read more...]
Principal residence gain-exclusion break (Part 1 of 3)
To get my complete, FREE articlewith all the details… Are you going to sell your home, or are just thinking about it? Then you may be eligible to take advantage of one of the most terrific tax-breaks allowed by the IRS! I’m talking about the “Principal Residence Gain Exclusion” break. Why this money saving opportunity is so important now. As you know, the … [Read more...]
The nightmare of payroll tax embezzlement
To get my complete, FREE articlewith all the details… What’s more painful than sending withheld payroll taxes to the IRS? Having them embezzled by an employee! And believe me, it happens all the time. And when it does, you take a double hit. First, you lose the cash you worked so hard to earn.Second, you still have to make good the payroll tax money you owe the … [Read more...]