To get my complete, FREE articlewith all the details… Let’s face it. Nobody wants to fight the IRS. But if you’re going through an audit, and you’re convinced that the IRS is treating you unfairly, don’t roll over. Fight! Here’s how to come out a winner. Okay. The IRS is out to get you so you’ve decided to play David to the Government Goliath. The first thing … [Read more...]
How one subscriber saved $55,000 fighting an IRS audit
To get my complete, FREE articlewith all the details… One of our husband-and-wife subscribers to the Tax Reduction Letter had a big tax deduction denied by the IRS. But thanks to the advice they got in one of our issues, they were able to successfully win their appeal and keep their $55,000 deduction! Here’s the back-story. The husband and wife owned three … [Read more...]
Can home-office deductions include garage space?
To get my complete, FREE articlewith all the details… Do you claim a home-office deduction? Does your home have a garage? (attached or detached) If you do, you need an important tool. A tape measure. Why? Because the amount the IRS lets you deduct from your tax bill depends on the size of your office, usually measured in square feet. But what about your … [Read more...]
You took coronavirus-related IRA money last year. Now what?
To get my complete, FREE articlewith all the details… During the pandemic, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) helped keep many businesses and individuals afloat. But as they say in hard-sell TV commercials… “But wait. There’s more!!!” You see, thanks to important provisions of the CARES Act, you may be eligible to take a tax-favored … [Read more...]
Get tax deductions for your yacht if you follow the rules
To get my complete, FREE articlewith all the details… If you’re lucky enough to own a yacht, before you get on board, be sure you know the tax law. Why? Because if you don’t follow all of Uncle Sam’s rules and regulations, the IRS will torpedo your deductions! To get the full story CLICK HERE Here’s how to meet IRS requirementsand come out a winner. Rule … [Read more...]