How to Invest in Opportunity Zones to Save Taxes
This tax incentive allows investors to reduce taxable gains and possibly obtain tax-free growth if they re-invest capital gains into real estate within designated Opportunity Zones
How to Hire a Sub-Contractor or Freelancer
Hiring a sub-contractor or freelancer can be the perfect strategy for many small business owners to save money and build their business.
What Types of Donations are a Tax Write-off?
Our government and society rewards taxpayers that donate with powerful tax incentives. Don’t feel bad to track your charitable giving and activities.
Is My Pet a Tax Write-off?
Wouldn’t it be nice if you could get a little help from Uncle Sam as well as a tax write-off for some of that pet food, vet bills, or even that big price tag at the breeder? Well, there might just be an option to save some taxes in the process.
Household Employees and the “Nanny Tax”
The IRS is stepping up its audits on those with workers in their private homes. Make sure you are up to speed on the rules that apply to you AND your help.
How to Write-off Your Clothing and Laundry Expenses and Not Lose Your Shirt
I often times get asked the question regarding the ability to write-off clothing and and laundry expenses.
Seller Financing and Installment Sales – What are the Tax Implications
With the difficulties that have arisen in the lending market and a typical buyer’s ability to obtain a standard loan, many sellers have decided to “carry their own paper”. For those unfamiliar with such a term, we are talking about Seller Financing where you play ‘bank’ and now you have the precarious reporting requirements with […]
Hobby or Business? Avoid the Hobby Loss Rules
Like many of us, you’ve probably dreamed of turning your favorite pastime into a regular business. What better way to be passionate about your business and make money at the same time.
