Uneducated Tax System v. Educated Tax System
Business / Taxes
Aplus Legal Advice | 2022.09.03 01:03 |
815 views
The line under your income on your pay stub is where these two systems differ. With the uneducated tax system, you deduct the three lines under your income and the remainder is what you receive. With the educated tax system, the first line is your reported income as with the uneducated tax system.
1031 Exchange Escaping the Certainty of Taxes
Business / Taxes
Aplus Legal Advice | 2022.09.03 00:23 |
697 views
In this world, said the great Benjamin Franklin, nothing is certain but death and taxes. While modern medicine continues to work on a cure for mortality, 1031 exchanges offer a valuable mechanism against the foibles of the taxman. Allowing the exchange of one property for another, this property market trend can help you hold on to money that might otherwise end up with the IRS. How do you know whether you are eligible to take advantage of this great property trend?
Your IRS Tax Appeal Rights
Business / Taxes
Aplus Legal Advice | 2022.09.03 00:37 |
695 views
Are you in the middle of a disagreement with the IRS? One of the guaranteed rights for all taxpayers is the right to appeal. If you disagree with the IRS about the amount of your tax liability or about proposed collection actions, you have the right to ask the IRS Appeals Office to review your case.
Your Kids Can Reduce Your Taxes and Get Rich
Business / Taxes
Aplus Legal Advice | 2022.09.03 00:35 |
724 views
One often-overlooked tax benefit for business owners is putting their kids to work in their business.
If you are self-employed, you can take advantage of this by paying your kids $4,000 each for performing services in your business. The business gets a tax deduction for the compensation and that saves taxes on the parent’s tax return. Also, there is no Social Security or Medicare Taxes due on the wages you pay to your child.