Business Tax Benefits
As a business owner, financial setbacks can sometimes lead to more deductions than income. While it may seem like a straightforward benefit to offset losses,
November 26, 2024
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Blog
Category: Deductions
Business Tax Benefits
As a high-income business owner, you are likely familiar with the benefits and pitfalls of the tax system, but 2024 brings several updates that could
October 28, 2024
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Business Tax Audits
Maintaining accurate and organized tax records is crucial for every business owner. Proper recordkeeping can not only ensure that your tax returns are prepared accurately,
October 10, 2024
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Deductions
As a business owner, you may already be providing small perks to your employees, such as coffee, doughnuts, or even occasional movie tickets. While these
September 30, 2024
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Deductions
Turn Your Vacation—Even a Luxurious One—into Tax-Deductible Business Travel Here’s an idea: how about transforming your next vacation into business travel? With careful planning, your
September 1, 2024
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Home Office Deduction
You can leverage your home office into a tax benefit for both you and your corporation by following these steps. Remember, careful documentation is key to proving your home office meets the IRS requirements.
June 17, 2024
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Business
Closing your sole proprietorship or single-member LLC? Understanding the tax implications is crucial. Selling your business assets triggers various tax considerations, including special rules for real estate, different tax treatment for various assets, and non-compete agreement payments taxed as ordinary income. Navigating these tax implications requires careful planning. We’re here to help at IRSProb.com
June 10, 2024
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Tax deductions
The Tax Strategy Every Business Needs Now If you’re not leveraging captive insurance, you could be leaving money on the table. Captive insurance isn’t just
February 29, 2024
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Deductions
Introduction In the dynamic world of business, effective tax planning stands as a cornerstone of financial success. At IRSProb.com, we pride ourselves on unlocking tax-saving
February 10, 2024
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Navigate small business tax woes with IRSProb’s expert guidance. Unravel tax liens, audits & more from our Texas tax relief specialists.
July 14, 2023
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