5. Don’t Assume You Are Taking Too Many Deductions If your business deductions exceed your business income, you have a tax loss for the...

4. Use Your Credit Cards If you are a single-member LLC or sole proprietor filing Schedule C for your business, the day you charge a...

3. Buy Office Equipment With bonus depreciation now at 100 percent along with increased limits for Section 179 expensing, buy your...

2. Stop Billing Customers, Clients, and Patients Here is one rock-solid, time-tested, easy strategy to reduce your taxable income for...

1. Prepay Expenses Using the IRS Safe Harbor You just have to give thanks to the IRS for its tax-deduction safe harbors. IRS regulations...

When moving your retirement money to an IRA, you should follow this one rule of thumb. If you fail to follow the rule we’re about to...

Cost segregation breaks your real property into its components, some of which you can depreciate much faster than the typical 27.5 years...

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Here’s a primer to help you avoid confusion about goodwill: • As the seller, you have self-created goodwill when the total sales price of...

Convert Your Personal Vehicle to Business andDeduct up to 100 Percent! You probably like your personal vehicle just as it is. But...