TAX PROS BLOG
Does the phrase “blog” conjure up images of ho-hum, yawn and blah blah blah?
Well, you’re probably right, but you haven’t spent any time on this blog. In our blog posting section you’ll see posts from various Tax Professionals where they discuss the important tax topics of the day, items of timely news interest and other issues that, in some way, educate you on matters relating to your taxes and how we can help you save money.
Did we say, “Saving money?”
Yes, we did. Boring? We don’t think so. Read on.
No matter your chosen field, it’s likely you’ll leave at least one job, if not more, with a balance of 401(k) funds to your credit. When that happens, “it pays” to consider a roll-over of those funds from the employer into an independent IRA. A popular retirement investment planning strategy, if done correctly, a rollover […]
For commercial real estate investors and business owners, increased cash flow, reduced tax liability, a deferral of taxes and/or the ability to reclaim missed depreciation deductions are welcome ways to improve their bottom lines, open up more options to generate income and, of course, grow their business. At Tax Savings Professionals, we believe cost segregation […]
Being declared “high risk” or faced with fluctuating insurance premiums and a long claims process, many high-net-worth individuals are taking a “fresh look” at captive insurance for their businesses. Not only for coverage flexibility and less hassle but to also save and earn money. Recommended, in the right circumstances, as an option for advanced tax […]
It’s the American Dream of millions – “to be your own boss.” And after the Financial Crisis of 2008, more people than ever have been deciding to make that happen. With the number of self-employed U.S. workers (now at 15 million) expected to almost triple to 42 million by 2020 – now is the ideal […]
When it comes to tax strategies, many business people are wondering which business structure is best for their bottom line in 2018. Following the passage of the 2017 Tax Act, American companies registered as C-Corporations now qualify for a permanent maximum 21% tax rate, while U.S. businesses registered as S-Corporations (which are pass-through entities) will […]
The Impacts of the Tax Cuts and Jobs Acts As of January 1, 2018, the Tax Cuts and Jobs Acts offers a 20% deduction for qualified business income pass-through entities. The owner of a sole proprietorship, S-Corporation, or partnership is entitled to take a deduction equal to 20% of the “qualified business income” earned from […]
Preparing for New Partnership Audit Rules Although there are many uncertainties regarding New Partnership Audit Rules reissued by the IRS, tax partnerships and their partners are advised to review and amend their partnership agreements or limited liability company agreements to prepare for any changes effective for the 2018 tax year. Tax partnerships are not subject […]
Not surprisingly, The Tax Cuts and Jobs Act is far from a quick and easy read; it’s quite the opposite, actually – comprised of nearly 1,097 pages. Unfortunately, the length alone can act as a deterrent, so we’ve taken some time to break it down into more concise terms. But, the intricacies of this bill […]
Can you believe it’s already September? If you’re a business owner, aren’t you excited about paying another quarterly estimate soon? No? Then don’t pay it! By working with Tax Saving Professionals, you can redirect that next quarterly estimate into a Green Preservation Partnership that will effectively cut your taxable income this year by enough to […]
Did you know that you have a bill of rights? Probably, but not a “bill of rights” for taxes. Well, there is a “bill of rights” for taxes and as a tax payer, you should be aware of them. There is an article on the wires today that talks about red flags and […]
How safe is the information contained in your tax return? Not very, apparently, if your political views lean in the “wrong” direction. Section 6103 of the Internal Revenue Code states “…no officer or employee of the United States,… shall disclose any return or return information obtained by him in any manner in connection with his […]
For commercial buildings, IRC § 179D provides a deduction of up to $1.80 per square foot for energy-efficient features of the building’s construction or retrofit. A qualified person (defined as a professional engineer or contractor licensed in the jurisdiction where the real estate is located) must provide an analysis to the taxpayer. Special software prescribed […]
A lot of business owners ask me if they can hire and pay their kids for modeling or acting in the business marketing campaigns. A good example is one of our past clients who developed a line of hair care products called Kinky Curly that are sold in Target and Whole Foods. When she came […]
Will there be any substantive comprehensive tax reform in 2013? Can there be? Our nation’s legislators are drowning in what appears to be a sea of ineptitude. While the primary leaders of tax writing committees (Sen. Max Baucus of the Senate Finance Committee and Rep. Dave Camp of the House Ways and Means Committee) have […]
The home office deduction under IRC §280A has been a willing participant and giver of headaches for most taxpayers since its early adoption in 1976 as part of the Tax Reform Act of 1976. However due to the various abuses of the deduction and colorful history most tax professionals have given an early burial to […]
Hiring your children in your business is a big tax benefit in itself. Once you hire them and they are making earned income, they now pass the rules to open an IRA to start saving for their retirement. Think about that for a minute…If your parents had made it possible for you to start putting […]
Wyoming became the 1st state to enact a true Limited Liability Company in 1977. It was best described as a hybrid between a partnership and a corporation. Its popularity was slow to come as other states did not follow suit until the 1990’s. After that the LLC quickly became the entity of choice for business […]
In addition to the changes to tax rates and deductions from the “Fiscal Cliff” compromise, there is another tax many clients may be unaware of: A 3.8% tax on investment income to partially fund the Affordable Patient Care Act better known as “Obamacare”. How could this tax potentially affect you in 2013? Who Is Subject […]
Ready to Start Saving on Your Taxes?
You're in the RIGHT PLACE.
At Tax Saving Professionals, our experienced Tax Saving Consultants help you identify the often missed and underutilized deductions you are entitled to take.
To begin saving, click here to download our tax saving app on your smartphone. Input the information in the short questionnaire and you will receive a tax saving estimate. Within two days, you will receive a call from one of our Tax Saving Consultants who will walk you through the upload of your tax returns. Our Tax Attorneys and CPAs will review your information and present your plan at a Personal Consultation (telephone call).
Or, if you would prefer to complete the questionnaire with one of our Tax Saving Consultants, dial #250 on your cell phone and say the key words, “Cut my taxes!”
We promise two things that nobody else in the industry will: We guarantee our tax savings and planning, and we provide audit insurance to keep your mind at ease.
SAVING CLIENTS MILLIONS FOR OVER 18 YEARS
For more than eighteen years, we’ve helped thousands of clients around the country save millions of dollars in taxes. We work with business owners and high net worth individuals that meet the accredited investor status to save them up to 50% or more on their taxes – year after year.
We maintain the highest standards of accreditation and professional licensing and employ exacting due diligence when vetting the companies with whom we do business. We only consider credible, reputable partners in executing our advanced tax saving strategies. At Tax Saving Professionals we say, “It’s your money. We’ll help you grow it.”
To speak with one of our experienced Tax Saving Consultants today, dial #250 on your cell phone and say the key words, “Cut my taxes!”