“NFTs and Taxes: New Rules and WhatYou Need to Know Now” To get my complete, FREE articlewith all the details… In this issue of the Tax Reduction Letter, I’ll be talking about NFTs - “non-fungible-tokens.” So let’s start with a definition. What is an NFT? NFTs represent ownership of virtual or physical assets which can be bought or sold on online … [Read more...]
If I Hire My Kids, Can I Give Them Tax-Free Education Benefits?
“If I Hire My Kids, Can I Give Them Tax-Free Education Benefits? To get my complete, FREE articlewith all the details… As you know, owning your own business has terrific advantages. One that’s particularly valuable is the ability to get some very big tax deductions when you have your business pay for your children’s education. (At least in some circumstances.) How … [Read more...]
Business Gym for Your Employees, and Maybe You Too
“Business Gym for Your Employees, andMaybe You Too” To get my complete, FREE articlewith all the details… Want to get a gym for your business? No sweat. But as you might imagine, the IRS doesn’t make things easy. You see, you have to be sure to choose the right tax-code sections and regulations to get your deduction. Here’s the root of the problem. The … [Read more...]
Your Guide to Bad Debt-Loss Deductions
“Your Guide to Bad Debt-LossDeductions” To get my complete, FREE articlewith all the details… In this issue of the Tax Reduction Letter, I’m going to bring you up to date on a situation I hope you never have to face... Taking a bad debt loss. Here’s the story in a nutshell: KEY FACT: There’s an important distinction that THE IRS makes between business and … [Read more...]
Take Advantage of the Once-in-a-Lifetime IRA-to-HSA Rollover
“Take Advantage of the Once-in-a-lifetime IRA-to-HSA Rollover” To get my complete, FREE articlewith all the details… In this article, I explain how to take advantage of a once-in-a-lifetime opportunity. I’m talking about a chance to do a tax-free rollover of funds from your IRA into your health savings account (HSA). Why should you consider making the … [Read more...]