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...]
Terrible mistake: filing your tax return late
To get my complete, FREE articlewith all the details… We all make mistakes, but here’s one you absolutely should never make… Don’t file your tax federal tax return late! Why? Because filing late can bring down the wrath of the IRS. And hard. Here’s what you face if you mess up… ****** For starters, a penalty of up to 45% ******and a full-blown IRS … [Read more...]
Tax-savings for married couples claiming Section 179 deductions
To get my complete articlewith all the details… If you got married, it’s very possible your wedding vows included the words, “for better, for worse, for richer, for poorer.” Well, my new article was written to make sure you and your spouse come out “richer” when you claim your Section 179 deductions! A quick definition (by way of a review). Section 179 of the tax … [Read more...]