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.
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 […]
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 high net worth individuals that meet the accredited investor status and business owners to save up to 50% or more on their taxes – year after year. We maintain the highest standards of accreditations 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.”