“Are You a “Real Estate Investor”or a “Real Estate Dealer?” To get my complete, FREE articlewith all the details… Acquiring real estate can be a profitable enterprise, but to comply with the law, you have to decide who you are. Are you a real estate investor or a real estate dealer. Here’s how to check out your status. There are two general rules to keep in … [Read more...]
Tax Relief for Wildfires and Storms? You must be kidding
“Tax Relief for Wildfires and Storms?You must be kidding” To get my complete, FREE articlewith all the details… Sure, the IRS provides some tax relief for taxpayers who suffer from natural disasters such as severe storms, wildfires, hurricanes, floods, and tornados. But when you dig a little deeper, you discover that the promised “tax relief” Uncle Sam offers is … [Read more...]
Court Denies Clothing Donations To Goodwill and the Salvation Army
“Court Denies Clothing Donations ToGoodwill and the Salvation Army” To get my complete, FREE articlewith all the details… You’d think the IRS would make it easy for taxpayers to make donations to charities. Sadly, they don’t. The fact is, clothing donations and other items can trigger the “approval requirement” which can trip you up big time. My new article … [Read more...]
Why Some Business Owners Prefer Individual HSAs
“Why Some Business OwnersPrefer Individual HSAs” To get my complete, FREE articlewith all the details… Are you a business owner with fewer than 50 employees? Don’t want to provide health coverage to your employees? Then an HSA (Health Savings Account) may be a great alternative to consider. HSA basics. To have an HSA, you first need high-deductible health … [Read more...]
Tax Facts for Foreigners Moving to the United States
“Tax Facts for ForeignersMoving to the United States” To get my complete, FREE articlewith all the details… The tax obligations for foreignersmoving to the United States. As a foreign individual coming from abroad, you have income tax obligations in the U.S. that depend on your tax residency status. The U.S. tax system categorizes individuals as resident aliens or … [Read more...]