How to Get Ready for the NEW Individual Coverage HRAs

From January 1, 2020, the new individual coverage HRAs were created by Presidential Executive Order 13813 and will become active. By the end of October 2019, you have to create the right documents and have them ready to put the individual coverage HRA in place. How to...

Corporations Reduce IRS

Corporations Reduce the IRS Audit of Home-Office Deductions. How? Are you overly suspicious that your home-office deduction will invite an IRS audit? Well. Countless taxpayers are not able to take advantage of a significant deduction that they’re entitled to...

IRS Issues Final Section 199A Regulations and Defines QBI

  If you are currently operating a pass-through business such as a proprietorship, partnership, or S corporation, you might want to have a look at this. Thanks to the finalized regulations of Section 199A, you can now be eligible to have a tax deduction of up to 20...

10 Proven Strategies To Lower S-corporation Taxes

How To Lower S-corporation Taxes? 10 Proven Strategies To Lower S-corporation Taxes We’ve got ten great possibilities for you if you own an S-corporation and are looking for ways to slash your taxes. You have instant access to all of the information and...

Calculating a deduction for the business miles you drive.

Does the IRS Require the Odometer Readings with the Mileage Rate? You can use the following: The actual vehicle expense method The IRS standard mileage method Our fact-filled article can help you in three ways: 1. You are going to learn why the IRS can require...