“It’s Not Too Late To Invest in Qualified Opportunity Zones” To get my complete articlewith all the details... For starters, I’ll provide a short definition... The qualified opportunity zone program was created by the Tax Cuts and Jobs Act back in 2018. Its purpose? To spur investment in low-income communities (but there's more to it than this). What’s the … [Read more...]
Get Business Credits for Electric Vehicle Purchases
“Get Business Credits for Electric Vehicle Purchases” To get my complete articlewith all the details... Are you thinking of buying an electric car or plug-in hybrid for your business? Then my new article makes “must” reading. Why? Because I can show you how to qualify for a brandnew commercial clean-vehicle tax creditworth a whopping $40,000! And that’s just … [Read more...]
How to Earn 9.62% Tax Deferred (Part 2)
“How to Earn 9.62%Tax Deferred (Part 2)” To get my complete articlewith all the details... Do I need to tell you that inflation is raging? Uh, I don’t think so. What I do need to tell you (in this follow-up to last month’s issue) is that you should consider buying a tax-deferred Treasury I Bond now! And here’s why... An I Bond pays 9.62% interestthat’s tax … [Read more...]
Tax-free Conversion of a Partnership into an S Corporation
“Tax-free Conversion of a Partnershipinto an S Corporation” To get my complete articlewith all the details... Do you run your business as a partnership or LLC? [In this issue, I’ll refer to both of these ways of doing business as partnerships, because the partnership federal income-tax rules apply to both.] Then you may be considering turning your business entity … [Read more...]
New and Improved Energy Tax Credits for Homeowners
“New and Improved Energy TaxCredits for Homeowners” To get my complete articlewith all the details... Good news! Thanks to a new tax law that just passed, you can slash your energy bill and help prevent damage to the environment at the same time. I’m talking about the new Inflation Reduction Act. What exactly does the new law deliver? It increases the … [Read more...]