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September 5, 2018
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Category Archives: Tax Deductions & Credits
Go-Pro in the News!
March 27, 2018 by admin | 0 comments
December 9, 2017
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Proposed Bill and SE Tax on S Corps
Hello, is your business set up as an S. Corp? Even and LLC that is taxes as an S. Corp will have this same situation. According to my understanding of the proposed Bills in the House and Senate if your … Continue reading
October 1, 2017
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Audit Proof your records
Audit Proof your records is not as hard as you may think. First you need a couple of things. Most are FREE, in fact you may already have some of these. Use a professional tax person. The IRS knows we … Continue reading
September 21, 2017
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4 Back-to-School Tax Tips
Its Back to School, what better time to think about tax deductions for school. Education Tax Credits Lifetime Learning credits or the Tuition and Fees Deduction are available for taxpayers enrolled in a college or university. Under the Lifetime Learning … Continue reading
August 11, 2017
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The Formula
Step one – invest money into an asset Step two – Get your cash back Step three – Keep control of the original asset Step four – Move the money to a new asset Step five – Get your cash … Continue reading
August 4, 2017
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Vocabulary
Good debt is debt that is used to purchase an asset that puts money in your pocket. Bad debt is debt that is used to purchase something that takes money out of your pocket. A real estate investment (not your … Continue reading
August 4, 2017
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Depreciation
Hello everyone, I was talking with a lady yesterday who’s business bought a new warehouse. I was asking for the cost of the land, building. Then I asked what was inside the building when you purchased it. Maybe I said … Continue reading
July 29, 2017
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Summer is in Full Swing
Yes I am sure you have your favorite places to travel to during the summer months. If you are traveling only for fun then you can not deduct any of the cost on your taxes. If you invest in real … Continue reading
July 29, 2017
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