The Tax Cuts and Jobs Act that passed recently, created winners and losers.
One big loser is the W-2 employee.
Why? Because thanks to the new law, W-2 employees’ business expenses are no longer deductible!
That’s right. W-2 employees get a zero deduction for legitimate expenses. Which has them shouting, “I’m mad as hell and I’m not taking it any more!”
What can you do to legally avoid paying these unfair taxes?
You’ll find out when you read my new article titled Tax Tips: Tax Reform Punishes W-2 Employees—Get Even!
Three ways our fact-filled article can help you:
- We’ll explain the relevant case law. (It may apply to you!) I’m talking about the important Butts case, the Wickum case, and the Hathaway case. All these had happy endings. You’ll find out how these taxpayers beat the IRS when you read the new after-tax-reform article.
- You’ll also learn about cases that didn’t end well. They’re sad but instructive. Both plaintiffs, Johnson and Lewis, lost their cases and were deemed to be employees, not independent contractors, which cost them a lot of money. Where did they go wrong? You’ll find out when you read the new after-tax-reform article.
- We’ll show you why there’s light at the end of the tunnel. And, no, it’s not an oncoming train. If you are being paid as an employee and are paying your own employee business expenses, becoming an “independent contractor” can save you a ton of money. We’ll explain what’s involved when you read the new after-tax-reform article.