How to Beat the IRS (Legally!) on Meals and Entertainment Write-Offs

If you’re a real estate agent, or small business owner, or self-employed contractor, you may be missing a powerful tax deduction because your accountant is too conservative.   Too conservative to take meals and entertainment write-offs that are totally legal and 100% compliant with the rules outlined in the IRS code.   Here’s the basic rule. …

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What business expenses are deductible, and what’s not?

Knowing what expenses you can write-off in your small business can make a huge difference on your tax bill. Whether you’re a real estate agent, freelancer, retail shop owner, or work-from-home mom–it pays to know what business expenses are deductible, and what’s not. Owning a small business is what I call the “#1 tax shelter for the little guy”. …

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Are those IRS “Fresh Start” Initiatives I hear advertised “for real”?

This week I helped a realtor resolve a long-standing tax problem and get a fresh start. It’s a problem that began when the mortgage crisis hit in 2009-2010, and which has created financial, emotional, and relational torment ever since. Five years of tax returns were filed. And a fair, affordable monthly payment agreement was reached …

Are those IRS “Fresh Start” Initiatives I hear advertised “for real”? Read More »