“Tax-Free Income From 14-day
“Augusta rule”
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Are you running an S corporation?
Then you should know about the Augusta rule.
The Augusta rule gets its name from the Masters Golf Tournament where some members and others who live in the area, receive tax-free rent by renting their homes out for a week or two.
Best of all, you don’t have to live in
Augusta to benefit from this rule, as
my new article explains.
In it, you’ll learn how you can use the Augusta rule to collect up to 14 days of tax-free rental income that your S or C corporation could pay you and then deduct as rent!
Here’s just some of what you’ll learn when you read my new article.
I’ll explain the Sinopoli case.
Frankly, it’s very important and complex but I’ll make everything clear for you.
In my article I’ll deal with the fair-rent issue and the “number of meetings” issue.
The bottom line.
If you are going to claim tax-free income by renting your personal home to your S or C corporation for less than 15 days, make sure you have appropriate documentation.
You’ll want to prove…
- That the rent received was a fair rent; and
- Prove what took place at the meetings (minutes, agenda, perhaps a voice recording of the event, which you could, if necessary, get transcribed for very little money).
Want to find out how you can profit from the
Augusta rule, take a minute and…
CLICK HERE and read my completely new article titled:
“Tax-Free Income From 14-day
“Augusta rule”