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Sold Taylor Swift Tickets Recently? The IRS Wants to Know — and It Could Affect You Too
Even Swifties can't catch a break from the IRS these days. Thanks to new tax reporting rules, anyone who resells tickets — or anything else — amounting to over $600 annually will receive a 1099-K form. That's down from the previous threshold of $20,000! This change...
What Are The Tax Benefits of Investing $100,000 in Oil and Gas?
!Are you tired of high taxes eating into your hard-earned income? It's time to take control and explore the world of oil and gas investments – your path to substantial tax savings. Let's dive into the details: Imagine investing $100,000 in oil and gas. Here's how it...
Accredited Investments: The Secret to Tax Savings and Wealth Growth
Accredited investments are a unique opportunity for high-net-worth individuals to maximize their tax savings and accelerate wealth growth. However, knowing where to start can be difficult with strict eligibility criteria and complex regulations. Here are just a few of...
$40K In Tax Savings for Clean Commercial Vehicles
Picture this friend: the potential to save up to $40,000 per eligible vehicle in 2023! This isn't just an opportunity; it's your golden ticket to substantial tax savings for your business or tax-exempt organization this year. Introducing the Commercial Clean Vehicle...
Video Guide for S Corporation Owners
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Multi-State Residency Challenges? What You Need to Know
We get it ! Managing residency in two states can be quite a puzzle. But don't worry; we're here to discuss the top ten steps to stay a full-time resident in Michigan and avoid any part-time residency hassle in California: 1. Establish Domicile in Michigan: To make...
Get Ready for Round Two of Tax Savings Strategies – We’ll Be Back Soon!
We've reached the final installment of our Tax-Saving Series, and we're excited to recap the strategies we've explored to help you maximize your 2023 tax savings. In this concluding email, we overview the key strategies and offer personalized guidance to implement...
Tax Strategy #7 – Maximizing Tax Savings with PTETs
In this email, we introduce Tax Strategy #7: Purpose of PTETs (Pass-Through Entity-Level Taxes). PTETs are your secret weapon against reduced state and local tax deductions. They are state or other jurisdictions' mandatory or elective entity-level income taxes on...
Tax-Saving Series: Part 6 – S-Corp, Reasonable Comp, and Augusta Rule
Welcome to Part 6 of our Tax-Saving Series, where we dive deeper into strategies that will help you reduce your 2023 tax burden. In this installment, we explore the effectiveness of S-Corp Election, Reasonable Compensation, and the Augusta Rule. Unlocking Tax Savings...
Tax-Saving Series: Part 5 – Retirement Planning Strategies
Welcome to Part 5 of our Tax-Saving Series, where we continue our journey to help you minimize your 2023 tax burden. In this installment, we focus on Retirement Planning strategies designed to secure your financial future. Building a Strong Financial Foundation...