If you operate an S or C corporation, you’re already aware of the major tax benefits Uncle Sam has to offer.
What you may not be aware of is an under-used provision of the tax code that can put money in your pocket.
You see, if you play your cards right, your S or C corporation can rent your personal home for select events and use that rental to create tax-free income for you!
Want to find out how to come out a winner? Read my new article Tax Tips: Tax-Free Income from Rental of Home to C or S Corporation.
Three ways our fact-filled article can help you:
- We’ll explain how to use IRC Section 280A to your advantage. This remarkably helpful section of the tax code allows you to rent your entire home to your S or C corporation for fourteen days or less during the year, and then walk away with some hefty tax deductions. You’ll get all the details when you read the full article.
- We’ll help you steer clear of dangerous traps. To put it simply, you have to be careful. There are seven tax issues you need to be aware of before you rent your home to your corporation. We’ll tell you what they are and how to stay in Uncle Sam’s good graces when you read the full article.
- We’ll provide an example that will make everything crystal clear. We’ll take you step by step through the entire rental process, and show you how a clever fellow ended up with a $21,000 tax deduction. All will be explained (without smoke or mirrors) when you read the full article.