To get my complete, FREE articlewith all the details… What’s the next best thing to lying on the beach with a daiquiri in your hand? That’s right. Tax credits! Okay. Tax credits aren’t quite as sexy as the beach scenario, but they can save you a whole lot to money. To get our complete, FREE article CLICK HERE Work Opportunity Tax Credit (WOTC) basics The … [Read more...]
Closed! The PayPal 1099-K Reporting Loophole
To get my complete, FREE articlewith all the details… Using PayPal, and similar payment services, can be a great way to pay bills and shop online. However, as the IRS discovered, when taxpayers use third-party settlement organizations (TPSOs) like PayPal, they can use a loophole in the law that makes it easy to avoid declaring income. Here’s how they did it. Under … [Read more...]
How to Cut Taxes When You Are Self-Employed
To get my complete, FREE articlewith all the details… Some people collect baseball cards. Others collect stamps. Savvy taxpayers, who want to cut their tax bills, collect deductions. Sure. You already know you can claim deductions on everything from business-car usage to home offices. But in my new issue of the Tax Reduction Letter, I’ll show you how to claim … [Read more...]
The IRS Focuses on Cryptocurrency. Are You Ready?
To get my complete, FREE articlewith all the details… NOTE: In this email, we’re defining “cryptocurrency” as digital money that can be accepted as payment by willing partners. Think Bitcoin and other “coins.” Be warned! The IRS is now taking a close look at your cryptocurrency activities. That’s right. The IRS is now strictly enforcing compliance with the relevant … [Read more...]
IRS Audit Issue: SUV Built on Car Chassis
To get my complete, FREE articlewith all the details… “When is an SUV a car, and when is it a truck?” This may sound like a riddle, but believe me, it’s not. It’s the basis for a painful IRS audit aimed at an innocent taxpayer. Here’s the story.(Strap on your seat belt. You’re in for a wild ride.) Check out the IRS’s twisted logic… An SUV that’s built on a … [Read more...]